Guideline Premium Test. If this test applies to your policy, the Minimum Death Benefit at any time will be the minimum amount required for this policy to qualify as a life insurance contract under the Code, but not less than the Accumulated Value multiplied by the Death Benefit Percentage for the Age of the Insured as shown in the following table.
Guideline Premium Test. The Guideline Minimum Death Benefit at any time is the Accumulated Value multiplied by the death benefit Percentage shown in the following table:
Guideline Premium Test. If this test applies to your Policy, the Minimum Death Benefit will be no less than the Accumulated Value multiplied by the Death Benefit Percentage for the Age of the younger Insured as shown in the following table. Age Death Benefit Percentage Age Death Benefit Percentage Age Death Benefit Percentage Age Death Benefit Percentage 0-40 250% 50 185% 60 130% 70 115% ICC13 P13SVL Page 25 41 243 51 178 61 128 71 113 42 236 52 171 62 126 72 111 43 229 53 164 63 124 73 109 44 222 54 157 64 122 74 107 45 215 55 150 60 000 00-00 105 46 209 56 146 66 119 91 104 47 203 57 142 67 118 92 103 48 197 58 138 68 117 93 102 49 191 59 134 69 116 Over 93 101
Guideline Premium Test. (GPT) - The Minimum Death Benefit at any time is the Accumulated Value multiplied by the death benefit percentage for the Age of the younger Insured as shown in the following table.
Guideline Premium Test. The Minimum Death Benefit at any time is the Accumulated Value multiplied by the death benefit percentage for the Age of the Insured as shown in the following table. Age Death Benefit Percentage Age Death Benefit Percentage Age Death Benefit Percentage Age Death Benefit Percentage 0-40 250% 50 185% 60 130% 70 115% 41 243 51 178 61 128 71 113 42 236 52 171 62 126 72 111 43 229 53 164 63 124 73 109 44 222 54 157 64 122 74 107 45 215 55 150 65 120 75-90 105 46 209 56 146 66 119 91 104 47 203 57 142 67 118 92 103 48 197 58 138 68 117 93 102 49 191 59 134 69 116 Over 93 101 Death Benefit Proceeds – The Death Benefit Proceeds are the actual amount payable if the Insured dies while this policy is in force. The Death Benefit Proceeds are equal to the death benefit, as of the date of the Insured’s death, less any Policy Debt and less any due and unpaid monthly deductions occurring during a grace period. We will pay the Death Benefit Proceeds to the beneficiary within one month after we receive, at our Home Office, due proof of the Insured’s death and proof of interest of the claimant. The Death Benefit Proceeds paid are subject to the conditions and adjustments defined in other policy provisions, such as General Provisions, Withdrawals, Policy Loans, and Timing of Payments and Transfers. We will pay interest on Death Benefit Proceeds as required by applicable law.
Guideline Premium Test. If you elected the Guideline Premium Test, you must also choose one of two Death Benefit options.
Guideline Premium Test. Cash Value Accumulation Test Policy Changes Effect on Life Insurance Qualification Tests Death Benefit............................................................7
