Why does the Annual Report show a cash value amount that is different from the amount given when I called the Policyholder Service Department?
• Quotes provided by Policyholder Services for withdrawals, loans and surrenders include the deduction of any loan balance and loan interest due. • The cash value on the Annual Report is the value as of the date listed on the report before deducting outstanding policy loan balances and interest. • The cash value changes based on policy charges, interest credited and premium paid. Why are the original specified amount and the current death benefit different? There are three possible reasons the current death benefit is different from the original specified amount shown in your policy: • Contractual Change(s) were made since the policy was issued. Contractual changes include decreases, increases or withdrawals, etc. • The Death Benefit Option you selected is Option B, which provides a death benefit that is equal to the specified amount plus the fund value. As the fund value increases, the death benefit increases. • Due to Internal Revenue Service regulations, your death benefit was incre
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