Common use of MINIMUM DEATH BENEFIT Clause in Contracts

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:

Appears in 3 contracts

Samples: Sage Variable Life Account A, Sage Variable Life Account A, Sage Variable Life Account A

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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 the Valuation Date is equal to (a) times (b), where:

Appears in 1 contract

Samples: Sage Variable Life Account A

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