Common use of CONTRACT VALUES Clause in Contracts

CONTRACT VALUES. 8.1 Net Premium The net premium is the premium payment received less the premium expense charges shown in Section 1, Contract Data. 8.2 Contract Value As of the contract date the contract value equals: (1) the initial net premium paid; less (2) the monthly deductions, as defined in Section 2.19 of this contract. On any day after the contract date, the contract value is equal to the fixed account value (including the loan account value) plus the variable account value.

CONTRACT VALUES. 8.1 6.1 Net Premium The net premium is the premium payment received less the premium expense charges charge shown in Section 1, Contract Data. 8.2 6.2 Contract Value As of On the contract date the contract value equals: (1) the initial net premium paid; less (2) the monthly deductionsdeduction, as defined in Section 2.19 2.17 of this contract. On any day after the contract date, the contract value is equal to the fixed account value (including the loan account value) plus the variable account value.