Tax Facts

67 / How is the guideline premium and cash value corridor test met?

To meet the guideline premium and cash corridor test, the contract must first meet certain guideline premium requirements and, second, the contract must fall within the cash value corridor.For the contract to meet the guideline premium requirement, the sum of the premiums paid under the contract must not at any time exceed the greater of (1) the guideline single premium as of such time, or (2) the...
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