Both the GPT and CVAT are two tests for a policy outlined in the Section 7702 IRS tax code. CVAT establishes that if a policyholder decides to surrender or cancel their policy, the money they receive from the cancellation cannot exceed the premiums they would have paid into it in one lump sum. GPT is used when the policyholder wants to maximize the amount of cash the policy accumulates. Whereas the CVAT focuses on maximizing the death benefit, the GPT focuses on the cash accumulation portion of a life insurance policy.