Loan Account Value. For Qualified Contracts that permit loans, the Loan Account Value as of the end of any Business Day is the Loan Account Value on the prior Business Day, increased by any: • interest; plus • Contract Value loaned on that day; and decreased by any: • loan principal repaid; plus • earned interest transferred from the Loan Account on that day.
Appears in 3 contracts
Samples: Separate Account a of Pacific Life Insurance Co, Separate Account a of Pacific Life Insurance Co, Separate Account a of Pacific Life & Annuity Co
Loan Account Value. For Qualified Contracts that permit loans, the Loan Account Value as of the end of any Business Day is the Loan Account Value on the prior Business Day, increased by any: • interest; plus • Contract Value loaned on that day; and decreased by any: • loan principal repaid; plus • earned interest transferred from the Loan Account on that day.. 10-2221 12
Appears in 1 contract
Samples: Your Contract Carefully (Separate Account a of Pacific Life & Annuity Co)
Loan Account Value. For Qualified Contracts that permit loans, the Loan Account Value as of the end of any Business Day is the Loan Account Value on the prior Business Day, increased by any: • interest; plus • Contract Value loaned on that day; and decreased by any: • loan principal repaid; plus • earned interest transferred from the Loan Account on that day.. 10-2252
Appears in 1 contract
Samples: Your Contract Carefully (Separate Account a of Pacific Life & Annuity Co)
