| Description |
| Seven Pay Premium |
| Type : Currency |
| Definition |
| The amount of premium that can be remitted each of the seven years in a seven pay test, without causing the policy to be classified as a Modified Endowment Contract (MEC). This is a statutory net level premium defined by the Technical and Miscellaneous Revenue Act of 1988 (TAMRA) legislation. This is a U.S. specific property. |
| Parents |
| LifeUSA |