LOAN VALUE. The loan value in the first two policy years is 75% of the sum of the cash value and any existing policy debt on the date of the loan. The loan value after that is 90% of the sum of the cash value and any existing policy debt on the date of the loan.
Appears in 4 contracts
Sources: Single Premium Variable Whole Life Policy (Northwestern Mutual Variable Life Account), Variable Whole Life Insurance Policy (Northwestern Mutual Variable Life Account), Variable Whole Life Insurance Policy (Northwestern Mutual Variable Life Account)