Questions on SNFL

[HuaXianZi]

In the Standard Nonforfeiture Law Section 8 where it says "The nonforfeiture factor for each policy year shall be an amount equal to a percentage of the adjusted premium for the policy year...", does it tell how to decide the "percentage" exactly besides the requirements which must be followed by the pattern of the "percentage"?

It took me more than 3 hours to finish reading this SN, I just can't get used to the strange and long sentences :-(

[inexactuary]

I don't have it in front of me, but I think your talking about the section on the progression of cash values.

Basically, it is a test devised to determine if the cash values in your contract follow a "smooth" progression. To pass the test, you must select a set of factors subject to the limitations described that produces the pattern of your cash values within the stipulated tolerance limit (0.2% of face). So basically you just have to find a set of %'s that works. If you can't, then you don't pass the test.

The NAIC regs are very hard to follow even if English is your native language, and must be absolutely brutal for foreigners.

[HuaXianZi]

I see. Thank you so much inexactuary! This really helps.