Common use of Guideline Premium Test Clause in Contracts

Guideline Premium 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 the Accumulated Value multiplied by the Death Benefit Percentage for the Age of the Insured as shown in the following table.

Appears in 6 contracts

Samples: Life Insurance Policy (Pacific Select Exec Separate Acct Pacific Life Ins), Life Insurance Policy (Pacific Select Exec Separate Acct Pacific Life Ins), Life Insurance Policy (Pacific Select Exec Separate Acct Pacific Life Ins)

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Guideline Premium 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 the Accumulated Value multiplied by the Death Benefit Percentage percentage for the Age of the Insured as shown in the following table.

Appears in 3 contracts

Samples: Insurance Policy (Pacific Select Exec Separate Account of Pacific Life & Annui), Life Insurance Policy (Pacific Select Exec Separate Acct Pacific Life Ins), Life Insurance Policy (Pacific Select Exec Separate Acct Pacific Life Ins)

Guideline Premium 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 no less than the Accumulated Value multiplied by the Death Benefit Percentage for the Age of the Insured as shown in the following table.

Appears in 3 contracts

Samples: Insurance Policy (Pacific Select Exec Separate Acct Pacific Life Ins), Life Insurance Policy (Pacific Select Exec Separate Acct Pacific Life Ins), Life Insurance Policy (Pacific Select Exec Separate Acct Pacific Life Ins)

Guideline Premium 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 the Accumulated Value multiplied by the Death Benefit Percentage percentage for the Age of the younger Insured as shown in the following table.

Appears in 2 contracts

Samples: Life Insurance Policy (Pacific Select Exec Separate Acct Pacific Life Ins), Life Insurance Policy (Pacific Select Exec Separate Acct Pacific Life Ins)

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Guideline Premium Test. If this test applies to your policyPolicy, 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 no less than the Accumulated Value multiplied by the Death Benefit Percentage for the Age of the younger Insured as shown in the following table.. ICC13 P13SVE Page 11

Appears in 1 contract

Samples: Life Insurance Policy (Pacific Select Exec Separate Acct Pacific Life Ins)

Guideline Premium Test. If this test applies to your policyPolicy, 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 no less than the Accumulated Value multiplied by the Death Benefit Percentage for the Age of the Insured as shown in the following table.

Appears in 1 contract

Samples: Insurance Policy (Pacific Select Exec Separate Acct Pacific Life Ins)

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