Guaranteed Gross Premium Guaranteed Maturity Premium (GMP) For purposes of determining the guaranteed gross premiums used in the demonstration in Section 6.B.2: For universal life policies, the guaranteed gross premium shall be the premium specified in the contract, inclusive of any applicable policy fee, or if no premium is specified, then the level annual gross…

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GMP – Guaranteed Maturity Premium p3 – The guaranteed maturity premium for flexible premium universal life insurance policies shall be that level gross premium, paid at issue and periodically thereafter over the period during which premiums are allowed to be paid, which will mature the policy on the latest maturity date, if any, permitted under…

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GLP – Guideline Level Premium 7702 International Revenue Code (IRC) 1996-x, NAIC Proceeding 7.10 – If the guideline level premium will not provide coverage to the end of the term of the contract, does the illustration have to display the annual term charges allowed by § 7702 or can the illustration explain that the coverage…

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Premium Per Thousand For cost comparison purposes, the natural unit price for insurance is dollars of Premium per thousand dollars of death benefit per year—adjusted as appropriate and cash surrender values. —  [ACLI] American Council of Life Insurance, on the FTC Staff’s Responses to Criticisms of the Report of the Report on Life Insurance Cost Disclosure …

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Premiums Premiums – Index Richard Weber, Merrill Lynch Life … suggested that the illustration show … how the policy values are paying the premium. Mr. Morgan said that this issue needs specific attention because many complaints were received in the state insurance departments on this issue.  (p521) 1994-3, NAIC Proceedings – Life Disclosure Working Group…

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