Common use of Segments Clause in Contracts

Segments. Your policy’s value in an Indexed Account is divided into Segments. Each Segment represents a transfer of policy value from the Fixed Account to an Indexed Account. Segments are credited with interest and comprise a portion of the policy’s Accumulated Value. This is a summary of how Segments work: • Segment Creation – A new Segment is created when there is an allocation to an Indexed Account. The Segment will continue until the end of the Segment Term. • Segment Value Change – Over the Segment Term, the Segment will grow with the Segment Guaranteed Interest and be reduced by Segment Deductions.

Appears in 3 contracts

Samples: Pacific Life (Pacific Select Exec Separate Acct Pacific Life Ins), Pacific Life (Pacific Select Exec Separate Acct Pacific Life Ins), Pacific Life (Pacific Select Exec Separate Acct Pacific Life Ins)

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Segments. Your policyPolicy’s value in an Indexed Account is divided into Segments. Each Segment represents a transfer of policy Policy value from the Fixed Account to an Indexed Account. Segments are credited with interest and comprise a portion of the policyPolicy’s Accumulated Value. This is a summary of how Segments work: • Segment Creation – A new Segment is created when there is an allocation to an Indexed Account. The Segment will continue until the end of the Segment Term. • Segment Value Change – Over the Segment Term, the Segment will grow with the Segment Guaranteed Interest and be reduced by Segment Deductions.

Appears in 2 contracts

Samples: Pacific Life (Pacific Select Exec Separate Acct Pacific Life Ins), Pacific Life (Pacific Select Exec Separate Acct Pacific Life Ins)

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Segments. Your policyPolicy’s value in an Indexed Account is divided into Segments. Each Segment represents a transfer of policy Policy value from the Fixed Account to an Indexed Account. Segments are credited with interest and comprise a portion of the policyPolicy’s Accumulated Value. This is a summary of how Segments work: • Segment Creation – A new Segment is created when there is an allocation a transfer to an Indexed Account. The Segment will continue until the end of the Segment Term. • Segment Value Change – Over the Segment Term, the Segment will grow with the Segment Guaranteed Interest and be reduced by Segment Deductions.

Appears in 1 contract

Samples: Pacific Select Exec Separate Acct Pacific Life Ins

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