Initial guideline single premium

GPT premium limits), over a short period of time • Requiring future reductions in their policy face amount • Purchasing a guaranteed life insurance product which will be funded past age 100 GPT works better for clients: • Maximizing their late duration cash and death benefit while funding at the Guideline Single Premium limit,

Definition of guideline premium: The highest premium permitted by the IRS under a policy classified as a life insurance policy. Dictionary Term of the Day Articles Subjects BusinessDictionary Business Dictionary Dictionary Toggle navigation Definition of initial premium: The premium paid at the beginning of the policy. This amount may be adjusted at the end of the contract term. initial premium. Definition + Create New Flashcard; Popular Terms. The premium paid at the beginning of the policy. This amount may be adjusted at the Homeowners Protection Act of 1998 (the Act) was signed into law on July 29, 1998, and became effective on July 29, initial construction of a single-family dwelling that serves as a borrower's Accrued Obligations for Premium Payments . The target premium of a life insurance policy is the portion of the premium that is the reference point for compensation and could also be the premium to endow, to mature and sometime might relate to the guideline annual premium. The target premium is used in a variety of applications. In addition, at any time, the total of the premium payments less any withdrawals may not exceed the greater of the Guideline Single Premium (GSP) or the sum of the Guideline Level Premiums (GLP) to that same date. What is the Guideline Premium Test (GPT)? AskBug. On Guideline Premium Test Violation Premium Specifications Planned Initial Lump Sum/Single Premium Month Premium Mode Avoid MEC The "guideline premium" half is met if the aggregate premiums paid to date under the contract do not, at any time, exceed the greater of the "guideline single premium" or the sum of the "guideline level pre