guideline premium limitation
Defined in 2 places of the United States Code.
The term “guideline premium limitation” means, as of any date, the greater of—
(A) the guideline single premium, or
(B) the sum of the guideline level premiums to such date.
Source
- 2013–present26 U.S.C. § 7702Internal Revenue Code · Life insurance contract defined · for purposes of this section
The term "guideline premium limitation" means, as of any date, the greater of—
(A) the guideline single premium, or
(B) the sum of the guideline level premiums to such date.
(3) Guideline single premium
(A) In general
Source
- 1994–202226 U.S.C. § 7702Internal Revenue Code · Life insurance contract defined · for purposes of this section
The term “guideline premium limitation” means, as of any date, the greater of—
(i) the guideline single premium, or
(ii) the sum of the guideline level premiums to such date.
Source
- 1994–present26 U.S.C. § 101Internal Revenue Code · Certain death benefits · in this section