If the insurer returns premiums paid in excess of the net le…
If the insurer returns premiums paid in excess of the net level annual premium limit plus the interest on the excess premiums within a ___ day grace period of the end of the contract year in which the excess occurs, the contract will not fail the seven-pay test.
Read DetailsSecondary guarantee no-lapse policies will remain in force a…
Secondary guarantee no-lapse policies will remain in force and the death benefits will remain level, even if the cash-value accounts fall to zero as long as the policyowners have paid the specified required premiums in a timely fashion.
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