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
Sources: Life Insurance Contract (Sage Variable Life Account A), Life Insurance Contract (Sage Variable Life Account A), Life Insurance Contract (Sage Variable Life Account A)
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
Sources: Life Insurance Contract (Sage Variable Life Account A)