Valuations under these regs are determined with reference to a policy's accumulation or account value, which is generally the premium payment less policy charges plus interest.

FORBES: Magazine Article

Frank Keating, president of the American Council of Life Insurers, said the favorable tax treatment of assets accumulated within insurance policies is justified even if the affluent are big beneficiaries, because "it is good public policy" to encourage wealth accumulation that helps feed capital formation and job creation.

WSJ: Shift to Wealthier Clientele Puts Life Insurers in a Bind

The order invoked the authority, inter alia, of the International Emergency Economic Powers Act (50 U.S.C. 1701-1706) and declared a national emergency to deal with the unusual and extraordinary threat to the national security and foreign policy of the United States posed by the risk of nuclear proliferation created by the accumulation of a large volume of weapons-usable fissile material in the territory of the Russian Federation.

WHITEHOUSE: Notice -- Continuation of the National Emergency with Respect to the Risk of Nuclear Proliferation Created by the Accumulation of Weapons-Usable Fissile Material in the Territory of the Russian Federation | The White House

Foreign government accumulation of dollar reserves provides some measure of assurance against the ill effects of U.S. policy.

FORBES: Foreign 'Currency Manipulation' Does Not Warrant Washington's Attention