guideline level premium
Defined in 2 places of the United States Code.
The term “guideline level premium” means the level annual amount, payable over a period not ending before the insured attains age 95, computed on the same basis as the guideline single premium, except that paragraph (3)(B)(iii) shall be applied by substituting “4 percent” for “6 percent”.
Source
- 1994–202026 U.S.C. § 7702Internal Revenue Code · Life insurance contract defined · for purposes of this section
The term "guideline level premium" means the level annual amount, payable over a period not ending before the insured attains age 95, computed on the same basis as the guideline single premium, except that paragraph (3)(B)(iii) shall be applied by substituting "the applicable accumulation test minimum rate" for "the applicable guideline premium minimum rate".
Source
- 2020–present26 U.S.C. § 7702Internal Revenue Code · Life insurance contract defined · for purposes of this section
The term “guideline level premium” means the level annual amount, payable over the longest period permitted under the contract (but ending not less than 20 years from date of issue or not later than age 95, if earlier), computed on the same basis as the guideline single premium, except that subparagraph (B)(ii) shall be applied by substituting “4 percent” for “6 percent”.
Source
- 1994–present26 U.S.C. § 101Internal Revenue Code · Certain death benefits · in this section