qualified 20-pay contract
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 7702 — for purposes of this section
For purposes of paragraph (1), the term “qualified 20-pay contract” means any contract which—
(A) requires at least 20 nondecreasing annual premium payments, and
(B) is issued pursuant to an existing plan of insurance.