| The loan balance to use for calculating the impaired funds as of the 'As Of' date.'Impaired funds' means the portion of the policy's account value that is acting
as collateral for an outstanding policy loan. These funds typically earn a rate of interest
lower than the unimpaired funds. In many cases, the impaired fund amount is recalculated as
the loan interest accrues (in that case, this property will have the same value as Holding
Total Loan Amount). In other cases, the loan balance to use will remain constant during the
year. (This is advantageous to the policyholder, as less funds will be impaired during the
year.) In that case, this property will have the loan balance as of the last loan
capitalization. |