MINIMUM DEATH BENEFIT. The Minimum Death Benefit will be determined based on the Death Benefit Qualification Test for the Policy and at any time will be no less than the minimum amount we determine to be required for this Policy to qualify as a life insurance contract under the Code.
MINIMUM DEATH BENEFIT. The Minimum Death Benefit shall be the sum of the following:
MINIMUM DEATH BENEFIT. The Minimum Death Benefit is the amount required by federal tax law to maintain this Policy as life insurance. The test for determining compliance with the federal definition of life insurance is either:
MINIMUM DEATH BENEFIT. The Minimum Death Benefit is the amount required by the Internal Revenue Code (IRC), as amended, to maintain this policy as life insurance. The test in effect for determining compliance with the IRC definition of life insurance is shown on page 3 and will be either:
MINIMUM DEATH BENEFIT. To ensure that this Contract continues to qualify as life insurance under the Internal Revenue Code of 1986, as amended (the "Code"), we will also calculate a Minimum Death Benefit for each Valuation Date. The Minimum Death Benefit on a Valuation Date is equal to (a) times (b), where:
MINIMUM DEATH BENEFIT. The Minimum Death Benefit is the amount required by the Internal Revenue Code (IRC), as amended, to maintain this policy as life insurance. The test in effect for determining compliance with the IRC definition of life insurance is shown on page 3 and will be either: (1) the Guideline Premium/Cash Value Corridor Test: the Minimum Death Benefit equals the Policy Value multiplied by the corridor percentage shown on page 6 at the Insured's attained age; or (2) the Cash Value Accumulation Test: the Minimum Death Benefit equals the Policy Value divided by the Net Single Premium shown on page 6 at the Insured's attained age.
MINIMUM DEATH BENEFIT. Not withstanding any other provision of the Policy, the amount to be paid as a Death Benefit on each insured's life shall never be less than an amount which would allow the portion of the policy attributable to such insured life, and the entire Policy, to be treated as life insurance for federal income tax purposes. In no event will the Death Benefit be less than the amount calculated by multiplying the Account Value applicable to the deceased Employee by the applicable Minimum Death Benefit Factor listed in Section 28 of this Group Policy based on the deceased Employee's attained age as of the most recent Anniversary Date.
MINIMUM DEATH BENEFIT. The term Minimum Death Benefit means the Death Benefit is equal to the greater of (i) the current Account Value on the Death Benefit Date, or (ii) Contributions made, less adjustments for any Partial Withdrawals. NORMAL FORM. The Normal Form of an Annuity Benefit means the Fixed Annuity Benefit payable on the Life Annuity Form with ten years (10) of payments guaranteed.
MINIMUM DEATH BENEFIT. The Minimum Death Benefit shall be the sum of the following: (1) The Accumulation Value allocated to Special Funds; and (2) Adjusted Premium for non-Special Funds. GA-IA-1083 3D2 THE SCHEDULE CONTRACT FACTS (continued) ------------------------------------------------------------------------------ |-----------------------------------------------------------------------------| | Annuitant Owner | | [XXXXXX X. XXX] [XXXX X. XXX] | |-----------------------------------------------------------------------------| | Initial Premium Annuity Option Annuity Commencement Date | | [$10,000] [LIFE 10-YEAR CERTAIN] [JANUARY 1, 2026] | | ----------------------------------------------------------------------------| | Separate Account(s) Contract Number | | [SEPARATE ACCOUNT B] [123456] | |-----------------------------------------------------------------------------| Adjusted Premium for non-Special Funds shall mean all premium allocated to non-Special Funds, plus an adjustment for any amounts transferred to non-Special Funds, less a prorata adjustment for any amounts transferred or withdrawn from non-Special Funds. The amount of the prorata adjustment will equal (a) times (b) divided by (c), where: (a) is the Adjusted Premium for non-Special Funds prior to the transfer or withdrawal; (b) is the Accumulation Value of the transfer or withdrawal; and (c) is the Accumulation Value allocated to non-Special Funds before the transfer or withdrawal. Adjusted Premium for Special Funds has the same definition, but with respect to amounts allocated to Special Funds.
MINIMUM DEATH BENEFIT. Any lump sum death payment from this Contract made to a Beneficiary within one year of the Participant's death will be equal to the greatest of : (1) the Participant's Account value as of the date Prudential receives a death benefit payment request in Good Order; (2) the sum of all contributions made to the Participant's Account less withdrawals, transfers and charges; and (3) the greatest of the Participant's Account value calculated on every third anniversary of the first contribution made on behalf of the Participant less any withdrawals, transfers and charges (accompanied by completed documentation) under the Contract. ================================================================================
