Cash Value Accumulation 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 101% of the Accumulated Value.
Appears in 11 contracts
Samples: Pacific Select Exec Separate Acct Pacific Life Ins, Pacific Select Exec Separate Acct Pacific Life Ins, Pacific Select Exec Separate Acct Pacific Life Ins
Cash Value Accumulation Test. If this test applies to your policy, the Minimum Death Benefit at any time will be no less than the greater of the minimum amount we determine to be required for this policy to qualify as a life insurance contract under the Code, but not less than Code or 101% of the Accumulated Value.
Appears in 3 contracts
Samples: Pacific Life (Pacific Select Exec Separate Acct Pacific Life Ins), Pacific Life (Pacific Select Exec Separate Acct Pacific Life Ins), Pacific Life (Pacific Select Exec Separate Acct Pacific Life Ins)
Cash Value Accumulation Test. If this test applies to your policy, the The Minimum Death Benefit at any time will be the minimum amount required for this policy to qualify as a be deemed “life insurance contract under insurance” according to the Code, but not less than 101% of the Accumulated Value.
Appears in 3 contracts
Samples: Pacific Select Exec Separate Acct Pacific Life Ins, Pacific Select Exec Separate Acct Pacific Life Ins, Pacific Select Exec Separate Acct Pacific Life Ins
Cash Value Accumulation Test. If this test applies to your policyPolicy, the Minimum Death Benefit at any time will be no less than the greater of the minimum amount we determine to be required for this policy to qualify as a life insurance contract under the Code, but not less than Code or 101% of the Accumulated Value.
Appears in 3 contracts
Samples: Pacific Life (Pacific Select Exec Separate Acct Pacific Life Ins), Pacific Life (Pacific Select Exec Separate Acct Pacific Life Ins), Pacific Life (Pacific Select Exec Separate Acct Pacific Life Ins)
Cash Value Accumulation Test. If this test applies to your policyPolicy, the Minimum Death Benefit at any time will be no less than the greater of the minimum amount we determine to be required for this policy to qualify as a life insurance contract under the Code, but not less than Code or 101% of the Accumulated Value.. ICC15 P15PVA
Appears in 1 contract
Cash Value Accumulation Test. If this test applies to your policy, the The Guideline Minimum Death Benefit at any time will be greater of the minimum amount required for this policy to qualify as a be deemed "life insurance contract under insurance" according to the Code, but not less than Code or 101% of the Accumulated Value. Such required amount will be determined based on the Accumulated Value and the Cash Value Accumulation Test defined in Code Section 7702(b).
Appears in 1 contract
Samples: Pacific Select Exec Separate Acct Pacific Mutual Life Ins
