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Common use of POLICY VALUE Clause in Contracts

POLICY VALUE. The Policy Value is equal to the Contract Fund Value plus Policy Debt.

Appears in 5 contracts

Sources: Individual Flexible Premium Variable Adjustable Life Insurance Policy (Northwestern Mutual Variable Life Account II), Life Insurance Policy (Northwestern Mutual Variable Life Account II), Life Insurance Policy (Northwestern Mutual Variable Life Account II)

Related Clauses

  • Over-Allowance Amount
  • Present Value
  • Appraised Value
  • Rental Value
  • Economic Benefit

Parent Clauses

  • DETERMINATION OF VALUES
  • DETERMINATION OF VALUES AND CHARGES
  • REINSTATEMENT
  • DIVIDEND AT DEATH
  • VALUATION DAY AND VALUATION PERIOD
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