Common use of During the Guaranteed Payment Period Clause in Contracts

During the Guaranteed Payment Period. The contract will lapse if there is no Cash Surrender Value and if the accumulated premiums paid as of each Monthly Anniversary Day are less than: X + Y + Z

During the Guaranteed Payment Period. The contract will lapse if there is no Cash Surrender Value and if the accumulated premiums paid as of each Monthly Anniversary Day are less than: X + Y + Z: