### Question
What is the definition of life insurance contract?


### Answer
The definition of **life insurance contract** is as follows in *26 U.S.C. § 7702*:

> any contract which is a life insurance contract under the applicable law, but only if such contract—


(1) meets the cash value accumulation test of subsection (b), or


(2)(A) meets the guideline premium requirements of subsection (c), and


(B) falls within the cash value corridor of subsection (d)

#### Citation:
  - *26 U.S.C. § 7702*
  - Heading: **Subtitle F-Procedure and Administration > CHAPTER 79-DEFINITIONS**

