LOAN VALUE. During the first contract year the loan value is zero. After the first contract year, it is 75% of the sum of the net cash value and any existing contract debt. If the difference between the loan value and any existing contract debt is $500 or more, you may borrow any amount from $500 up to that difference. If the difference is less than $500, you may not borrow any amount unless it is to pay premiums on this contract.
Appears in 2 contracts
Sources: Life Insurance Policy (Pruco Life Variable Insurance Account), Life Insurance Policy (Pruco Life of New Jersey Variable Insurance Account)