Common use of Contract Fund Value Clause in Contracts

Contract Fund Value. On any day after the change to the Paid-up Option, the Contract Fund Value is equal to what it was on the previous day plus any of these items applicable for the current day: • interest on the Contract Fund Value; • any loan repayment and accrued loan interest payment made; and • any Policy dividend directed to increase the Policy Value; minus any of these items applicable to the Contract Fund Value for the current day: • Monthly Policy Charge; • Policy loans; • withdrawals; and • service charges.

Contract Fund Value. On any day after the change to the Paid-up Option, the Contract Fund Value is equal to what it was on the previous day plus any of these items applicable for the current day: • interest on the Contract Fund Value; • any loan repayment and accrued loan interest payment made; and • any Policy dividend directed to increase the Policy Value; minus any of these items applicable to the Contract Fund Value for the current day: • Monthly Policy Charge; • Policy loans; • withdrawals; and • service charges.;

Contract Fund Value. On any day after the change to the Paid-up Option, the Contract Fund Value is equal to what it was on the previous day plus any of these items applicable for the current day: • · interest on the Contract Fund Value; • · any loan repayment and accrued loan interest payment made; and • · any Policy dividend directed to increase the Policy Value; minus any of these items applicable to the Contract Fund Value for the current day: • Monthly Policy Charge; • Policy loans; • withdrawals; and • service charges.;