| Description |
| Accumulation Value 1035 |
| Type : Currency |
| Definition |
| When a policy is exchanged and it is still subject to a surrender value, the Amount1035 and the AccumValue1035 amounts will not be equal. The Technical and Miscellaneous Revenue Act (TAMRA) of 1988 (TAMRA) uses the accumulation value in determining whether it is a Modified Endowment Contract (MEC). Many exchanges are done after the surrender period, thus making these values equal. This is a U.S. specific property. |
| Parents |
| LifeUSA |