Policy Proceeds

Policy Proceeds. Means any and all proceeds of any type of, from or under the Policy, including, without limitation, (i) the cash surrender value of the Policy, (ii) any and all proceeds of the Policy payable when it becomes a claim at death, maturity or otherwise, and (iii) distributions or shares of surplus, dividends, deposits or additions to the Policy, now or hereafter made thereunder or apportioned thereto.