ACCUMULATED VALUE. Accumulated Value - The Accumulated Value on any date is the sum of your policy's Accumulated Value in the Investment Options, plus the amount set aside in the Loan Account to secure any policy debt and any interest credited thereon. The amount set aside to secure debt in the Loan Account on each policy anniversary is equal to the amount of debt. During each policy year, the amount in the Loan Account on any date is: - the amount in the Loan Account on the prior anniversary increased by interest; - plus any loan taken since the prior anniversary increased by interest; and - minus any loan amount repaid since the prior anniversary increased by interest.
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Sources: Variable Life Insurance Policy (Pacific Select Exec Separate Acct Pacific Life Ins), Variable Life Insurance Policy (Pacific Select Exec Separate Acct Pacific Life Ins)
ACCUMULATED VALUE. Accumulated Value - The Accumulated Value on any date is the sum of your policy's Accumulated Value in the Investment OptionsFixed and Variable Accounts, plus the amount set aside in the Loan Account to secure any policy debt Debt and any interest credited thereon. The amount set aside to secure debt Debt in the Loan Account on each policy anniversary is equal to the amount of debtDebt. During each policy year, the amount in the Loan Account on any date is: - the amount in the Loan Account on the prior anniversary increased by interest; - plus any loan taken since the prior anniversary increased by interest; and - minus any loan amount repaid since the prior anniversary increased by interest.
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