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What is the Fixed Account value of a Variable Universal Life insurance policy?

April 26, 2017account fixed Life Insurance policy universal value

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What is the Fixed Account value of a Variable Universal Life insurance policy?

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A. The value of the Fixed Account at any time is equal to: (a) the Net Premiums allocated to the Fixed Account; plus (b) Policy Value transferred to the Fixed Account; plus (c) interest credited to the Fixed account; less (d) any Withdrawals including any withdrawal charges deducted or transfers from the Fixed Account including any transfer fees deducted from the Fixed Account; less (e) any surrender charges deducted in the event of a decrease of Face Amount less (f) Monthly Deductions.