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:
Appears in 4 contracts
Sources: Flexible Premium Variable Life Insurance Policy (Northwestern Mutual Variable Life Account), Flexible Premium Variable Life Insurance Policy (Northwestern Mutual Variable Life Account), Flexible Premium Variable Life Insurance Policy (Northwestern Mutual Variable Life Account)