Cash Value of the Policy definition

Cash Value of the Policy will mean the cash value as illustrated in the table of values shown in the Policy.
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Cash Value of the Policy will mean the total of the Policy's share of the elected sub-accounts and the amounts of any assets transferred to the general investment account, as calculated according to the provisions of the Policy.
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Cash Value of the Policy will mean the cash value as calculated according to the provisions of the Policy. 3. "Corporation's Interest in the Policy" will be defined in Articles IV and V. 4. "Current Loan Value of the Policy" will mean the Loan Value of the Policy reduced by any outstanding Policy Loan Balance. 5. "Loan Value of the Policy" will mean the amount which with loan interest and Monthly Deductions for the Cost of Insurance, plus any applicable Surrender Charge, will equal the Cash Value of the Policy on the next loan interest due date. 6. "Policy Loan Balance" at any time will mean policy loans outstanding plus interest accrued to date.
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Examples of Cash Value of the Policy in a sentence

  • The Cash Value of the Policy at any time cannot be allocated among more than 10 sub-accounts, except with the consent of the Company; and the Fixed Account will be counted in the limit of 10.

  • Upon termination of this Agreement for any reason other than death of the Employee, The Employee shall be eligible to receive from the Corporation benefits equal to the Employee's Vested Interest in the Cash Value of the Policy.

  • The Monthly Deduction will be deducted in the same proportion as the Cash Value of the Policy is in the sub-accounts and the Fixed Account.

  • The Cash Value of the Policy at any time cannot be allocated among more than 10 sub-accounts, except with the consent of the Company.

  • The Cash Value of the Policy at any time cannot be allocated among more than 9 sub-accounts, except with the consent of the Company; and the Fixed Account will be counted in the limit of 9.

  • At and after age 100 of the younger Insured the Cash Value of the Policy will be calculated as described in the Cash Value of the Policy Section, except that the Monthly Deductions will be equal to zero.

  • If the Policy is reinstated, the Charge will be credited to the Cash Value of the Policy.

  • The Table of Cash Values (Section 2) shows samples of the Cash Value of the Policy at various dates, assuming: .

  • LOAN VALUE The Loan Value of the Policy on the date the Loan is made is equal to: - 90% of the Cash Value of the Policy projected to the next policy anniversary or, if earlier, to the next Planned Premium Date; LESS - The Surrender Charge that would apply upon surrender (whether or not there will be a surrender) on the next Planned Premium Date or, if greater, on the date the loan is made; LESS - Loan interest to the next loan interest due date.

  • If the Policy lapses because a premium is not paid, any Net Cash Value of the Policy will be transferred from the Account to the general account of the Company and used to continue the Policy in force either as Paid-Up Insurance or Extended Term Insurance as stated below.


More Definitions of Cash Value of the Policy

Cash Value of the Policy means the cash value as illustrated in the table of value shown in the Policy.
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Related to Cash Value of the Policy

  • Value of Bonus means the amount indicated in the Order Form, which is calculated by multiplying the Commitment Value and the Bonus.

  • Cash Value Insurance Contract means an Insurance Contract (other than an indemnity reinsurance contract between two insurance companies) that has a Cash Value greater than $50,000.

  • Market Value Average means, as of any day, the percentage equivalent of a fraction, the numerator of which is the average of the Selected Fleet Market Value as of the preceding Determination Date and the two Determination Dates precedent thereto and the denominator of which is the sum of (a) the average of the aggregate Net Book Value of all Non-Program Vehicles (excluding (i) any Unaccepted Program Vehicles, (ii) any Excluded Redesignated Vehicles and (iii) any other Non-Program Vehicles that are subject to a Manufacturer Program with an Eligible Non-Program Manufacturer with respect to which no Manufacturer Event of Default has occurred and is continuing) and (b) the average of the aggregate Adjusted Net Book Value of all Adjusted Program Vehicles, in the case of each of clause (a) and (b) leased under the AESOP I Operating Lease and the Finance Lease as of the preceding Determination Date and the two Determination Dates precedent thereto.

  • Fair Market Value Excess With respect to each Mortgage Loan to be purchased pursuant to Section 10.01(a), the excess, if any, of the Fair Market Value Call Price for such Mortgage Loan, over the Par Call Price for such Mortgage Loan. Any Fair Market Value Excess will not become part of the related Group Available Funds, but shall instead be distributed directly to the Holders of the Class A-LR Certificates pursuant to Section 4.02(g).

  • Value of Contract means the sum accepted or the sum calculated in accordance with the prices accepted in Tender and/or the Contract rates as payable to the Contractor for the entire execution and full completion of the work.