POLICY VALUE. On the issue date or, if later, the date the first premium is received, the policy value is the net premium less the monthly deduction for the first policy month. On any other day, the policy value is the sum of the values in each subaccount, plus the value of the fixed account and the loan account. On each valuation date, the value in a subaccount is:
Appears in 3 contracts
Sources: Flexible Premium Variable Life Insurance Policy (Lincoln Benefit Life Variable Life Account), Flexible Premium Variable Life Insurance Policy (Lincoln Benefit Life Variable Life Account), Flexible Premium Variable Life Insurance Policy (Lincoln Benefit Life Variable Life Account)
POLICY VALUE. On the issue date or, if later, the date the first premium is received, the policy value is the net premium less the monthly deduction for the first policy month. On any other day, the policy value is the sum of the values in each subaccount, plus the value of the fixed account and the loan account. On each valuation date, the value in a subaccount is:
Appears in 1 contract
Sources: Flexible Premium Variable Life Insurance Policy (Lincoln Benefit Life Variable Life Account)
POLICY VALUE. On the issue date or, if later, the date the first premium is received, the policy value is the net premium less the monthly deduction for the first policy month. On any other day, the policy value is the sum of the values in each subaccountsub-account, plus the value of the fixed account and the loan account. On each valuation date, the The minimum policy value in a subaccount is:is zero.
Appears in 1 contract
POLICY VALUE. On the issue date or, if later, the date the first premium is received, the policy value is the net premium less the monthly deduction for the first policy month. On any other day, the policy value is the sum of the values in each subaccount, plus the value of the fixed account and the loan account. On each valuation date, the policy value in a subaccount is:
Appears in 1 contract
Sources: Flexible Premium Variable Life Insurance Policy (Lincoln Benefit Life Variable Life Account)
POLICY VALUE. On the issue date or, if later, the date the first premium is received, the policy value is the net premium less the monthly deduction for the first policy month. On any other day, the policy value is the sum of the values in each subaccountsub-account, plus the value of the fixed account and the loan account. On each valuation date, the value in a subaccount is:.
Appears in 1 contract