A Question about Life Insurance in a Qualified Plan

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Assume the following:

A participant in a profit sharing plan previously had a life insurance policy which was purchased from the plan at its fair market value.

In a subsequent year the same participant purchases a new life insurance policy. In order to test whether the insurance is incidental, the plan uses the percent of contribution testing method. The plan has no aged money.

In order to determine whether or not the current policy and its associtated premiums are incidental, would the premiums paid towards the former policy still be counted when determining the aggregate percetage of contributions used to purchase life insurance? Or, since the former policy is no longer part of plan assets, is no longer an ancilliary benefit of the plan, and the premiums paid towards that former policy have in effect been refunded to the plan, can the former policy and its premiums be ignored?