Death Benefit Qualification Test. Unless you have elected otherwise, the Death Benefit Qualification Test for this policy is the Guideline Premium Test. The Death Benefit Qualification Test for this policy appears in the Policy Specifications section. The Death Benefit Qualification Test may not be changed for the life of the contract. The two Death Benefit Qualification Tests are explained in this subsection.
Appears in 4 contracts
Samples: Variable Life Insurance Policy (Pacific Select Exec Separate Account of Pacific Life & Annui), Variable Life Insurance Policy (Pacific Select Exec Separate Acct of Pm Gp Life Insurance Co), Flexible Premium Variable Life Insurance Policy (Pacific Select Exec Separate Account of Pacific Life & Annui)
Death Benefit Qualification Test. In order for your policy to be classified as life insurance under the Code, it must satisfy one of two Death Benefit Qualification Tests. Unless you have elected otherwise, the Death Benefit Qualification Test for this policy is the Guideline Premium Test. The Death Benefit Qualification Test for this policy appears in the Policy Specifications section. The Death Benefit Qualification Test may not be changed for the life of the contractSpecifications. The two Death Benefit Qualification Tests are explained in this subsection.
Appears in 3 contracts
Samples: Life Insurance Policy (Pacific Select Exec Separate Acct Pacific Life Ins), Insurance Policy (Pacific Select Exec Separate Acct Pacific Life Ins), Insurance Policy (Pacific Select Exec Separate Acct Pacific Life Ins)
Death Benefit Qualification Test. In order for your policy to be classified as life insurance under the Code, it must satisfy one of two Death Benefit Qualification Tests. Unless you have elected otherwise, the Death Benefit Qualification Test for this policy is the Guideline Premium Test. The Death Benefit Qualification Test for this policy appears in the Policy Specifications sectionSpecifications. The Death Benefit Qualification Test It may not be changed for the life of the contractat any later time. The two Death Benefit Qualification Tests are explained in this subsection.
Appears in 2 contracts
Samples: Insurance Policy (Pacific Select Exec Separate Acct Pacific Life Ins), Insurance Policy (Pacific Select Exec Separate Acct Pacific Life Ins)
