Definition of Accumulated Value


Accumulated Value means the policy’s Accumulated Value which is calculated as:


Accumulated Value means the value of all amounts accumulated under this Contract prior to the Annuity Date.

Accumulated Value means the value of all amounts accumulated under this Policy as of any date without regard to a surrender charge.

Examples of Accumulated Value in a sentence

When a Policy is issued and all delivery requirements are received at Pacific Life’s Administrative Offices, the Accumulated Value will be automatically allocated according to the Policy owner’s instructions in the application or more recent instructions if any (except for amounts allocated to the Loan Account to secure any Debt).
When a Policy owner takes a loan, an amount equal to the loan is transferred out of the Policy owner’s accumulated value in the Investment Options and/or the Fixed Options in proportion to the Accumulated Value in each Investment Option, unless the Policy owner instructs Pacific Life otherwise.
Accumulated Value will be determined as of the end of the Business Day coinciding with or immediately following the date of death.
When a Policy is issued and all delivery requirements are received at Pacific Life’s Life Insurance Division, the Accumulated Value will be automatically allocated according to the Policy Owner’s instructions in the application or more recent instructions if any (except for amounts allocated to the Loan Account to secure any Debt).
When a repayment of the debt is made, the portion of the Accumulated Value in the Declared Interest Option securing the repaid portion of the Policy Debt will no longer be segregated within the Declared Interest Option as security for Policy Debt, but will remain in the Declared Interest Option unless and until transferred to the Variable Account by the Policyowner.