Common use of Minimum Guaranteed Contract Value Clause in Contracts

Minimum Guaranteed Contract Value. The Minimum Guaranteed Contract Value equals 87.5% of the sum of each Premium Paid, less Partial Surrenders, if any, accumulated at the Minimum Guaranteed Contract Rate as defined in the Contract Data Pages, compounded annually.

Minimum Guaranteed Contract Value. The Minimum Guaranteed Contract Value equals 87.5% of the sum of each Premium PaidPaid (excluding any Premium Bonus) in the first Contract Year, less Partial Surrenders, if any, accumulated at the Minimum Guaranteed Contract Rate as defined in the Contract Data Pages, compounded annually.