Common use of CASH VALUE Clause in Contracts

CASH VALUE. You may give up this policy for its net cash value at any time while the Insured is living. The net cash value is the cash value minus any loan and loan interest. We will determine the net cash value on the date we receive your signed request for it at our Administrative Office. The policy will terminate on the date you send the policy and the request to us.

Appears in 3 contracts

Sources: Variable Life Insurance Policy (Separate Account I of Equitable Variable Life Insurance Co), Variable Life Insurance Policy (Separate Account I of Equitable Variable Life Insurance Co), Variable Life Insurance Policy (Separate Account I of Equitable Variable Life Insurance Co)