Common use of Death Benefit Qualification Test Clause in Contracts

Death Benefit Qualification Test. In order for your policy to qualify as a life insurance contract under the Code, it must at all relevant times satisfy one of two Death Benefit Qualification Tests. The policy provides a minimum death benefit amount, as needed, for the policy to qualify under either of the Tests. Unless you elected otherwise in the application, the Death Benefit Qualification Test that is specified for this policy is the Guideline Premium Test. The Death Benefit Qualification Test that this policy is designed to satisfy appears in the Policy Specifications. You may not change your policy’s specified Death Benefit Qualification Test without our written consent. The two Death Benefit Qualification Tests and the Minimum Death Benefit amounts applicable to each are explained in this subsection.

Death Benefit Qualification Test. In order for your policy Policy to qualify as a life insurance contract under the Code, it must at all relevant times satisfy one of two Death Benefit Qualification Tests. The policy Policy provides a minimum death benefit Minimum Death Benefit amount, as needed, for the policy Policy to qualify under either of the Tests. Unless you elected otherwise in the applicationApplication, the Death Benefit Qualification Test that is specified for this policy Policy is the Guideline Premium Test. The Death Benefit Qualification Test that this policy Policy is designed to satisfy appears in the Policy Specifications. You may not change your policyPolicy’s specified Death Benefit Qualification Test without our written consent. The two Death Benefit Qualification Tests and the Minimum Death Benefit amounts applicable to each are explained in this subsection.

Death Benefit Qualification Test. In order for your policy to qualify as a life insurance contract under the Code, it must at all relevant times satisfy one of two Death Benefit Qualification Tests. The policy provides a minimum death benefit Minimum Death Benefit amount, as needed, for the policy to qualify under either of the Tests. Unless you elected otherwise in the applicationApplication, the Death Benefit Qualification Test that is specified for this policy is the Guideline Premium Test. The Death Benefit Qualification Test that this policy is designed to satisfy appears in the Policy Specifications. You may not change your policy’s specified Death Benefit Qualification Test without our written consent. The two Death Benefit Qualification Tests and the Minimum Death Benefit amounts applicable to each are explained in this subsection.

Death Benefit Qualification Test. In order for your policy Policy to qualify as a life insurance contract under the Code, it must at all relevant times satisfy one of two Death Benefit Qualification Tests. The policy Policy provides a minimum death benefit Minimum Death Benefit amount, as needed, for the policy to qualify under either of the Tests. Unless you elected otherwise in the applicationApplication, the Death Benefit Qualification Test that is specified for this policy Policy is the Guideline Premium Test. The Death Benefit Qualification Test that this policy Policy is designed to satisfy appears in the Policy Specifications. You may not change your policyPolicy’s specified Death Benefit Qualification Test without our written consent. The two Death Benefit Qualification Tests and the Minimum Death Benefit amounts applicable to each are explained in this subsection.

Death Benefit Qualification Test. In order for your policy Policy to qualify as a life insurance contract under the Code, it must at all relevant times satisfy one of two Death Benefit Qualification Tests. The policy Policy provides a minimum death benefit Minimum Death Benefit amount, as needed, for the policy to qualify under either of the Tests. Unless you elected otherwise in the applicationApplication, the Death Benefit Qualification Test that is specified for this policy Policy is the Guideline Premium Test. The Death Benefit Qualification Test that this policy Policy is designed to satisfy appears in the Policy Specifications. You may not change your policyPolicy’s specified Death Benefit Qualification Test without our written consent. The two Death Benefit Qualification Tests and the Minimum Death Benefit amounts applicable to each are explained in this subsection.

Death Benefit Qualification Test. In order for your policy Policy to qualify as a life insurance contract under the Code, it must at all relevant times satisfy one of two Death Benefit Qualification Tests. The policy Policy provides a minimum death benefit Minimum Death Benefit amount, as needed, for the policy to qualify under either of the Tests. Unless you elected otherwise in the applicationICC19 P19VUL Page [8] Application, the Death Benefit Qualification Test that is specified for this policy Policy is the Guideline Premium Test. The Death Benefit Qualification Test that this policy Policy is designed to satisfy appears in the Policy Specifications. You may not change your policyPolicy’s specified Death Benefit Qualification Test without our written consent. The two Death Benefit Qualification Tests and the Minimum Death Benefit amounts applicable to each are explained in this subsection.