Sentences with phrase «original owner of the policy»

Not exact matches

This rider allows the owner to transfer or exchange the original policy onto the life of someone else.

The assignee receives rights that are superior to the rights of the original policy owner and beneficiary, to the extent of the obligation owed to the assignee.

Even when a property is resold quickly, or refinanced within a short period of time from the original purchase or most recent refinance, a new title search and title policy are needed because the owner could have taken actions that had an impact on his claim to the title, such as taking out a second mortgage or incurred a lien from unpaid taxes.

The biggest benefit is taking something that was perceived to be illiquid and of limited value, and turning it into a liquid asset that may have an even greater value in the hands of an investor than the original policy owner.

Of course, the internet still has all of the original documents, press releases, privacy policies, and public statements issued by Daybreak, Columbus Nova, and then - President John Smedley back in 2015 and since then, all of which made abundantly clear that Columbus Nova had acquired the whole company, as a company, and that Epstein was not the sole owneOf course, the internet still has all of the original documents, press releases, privacy policies, and public statements issued by Daybreak, Columbus Nova, and then - President John Smedley back in 2015 and since then, all of which made abundantly clear that Columbus Nova had acquired the whole company, as a company, and that Epstein was not the sole owneof the original documents, press releases, privacy policies, and public statements issued by Daybreak, Columbus Nova, and then - President John Smedley back in 2015 and since then, all of which made abundantly clear that Columbus Nova had acquired the whole company, as a company, and that Epstein was not the sole owneof which made abundantly clear that Columbus Nova had acquired the whole company, as a company, and that Epstein was not the sole owner.

Microsoft also clarified its used games sales policy for the new console, clearing the way for the original owner of a game to sell or give the game to a friend.

The buyer cashes in the full amount of the policy when the original owner dies.

Avoid Modified Endowment Status: If the subsequent premiums paid into the new policy, other than the exchange proceeds, are within the new 7 - pay limit, then a 1035 Exchange of a life insurance policy allows the policy owner to place the original contract's entire value in the new policy without creating a modified endowment contract, or MEC.

If any incidents of ownership remain with the original owner, policy proceeds may be included in the person's estate at death.

Assuming the policy minimums are met, the owner would have the option to keep the remaining death benefit from the original policy after all or some of it was converted to the other plan, or cancel the remaining death benefit.

The owner would have the option to keep the remaining death benefit from the original policy after some of it was converted to the other plan, or cancel the remaining death benefit.

A Surrender Request Form duly filled and signed by the Policy owner along with the original policy document should be sent to any of the PNB MetLife braPolicy owner along with the original policy document should be sent to any of the PNB MetLife brapolicy document should be sent to any of the PNB MetLife branches.

The duplicate policy which you hold is deemed to be original and confers on its owner the same rights and privileges as that of the original policy bond.

The additional coverage provided by some disability riders, and the option to purchase additional life insurance at the same health rating as the original policy provided by the guaranteed insurability rider has significantly improved policy owners peace of mind and quality of life.

Reinstatement - Restoring a lapsed policy to its original premium paying status, upon payment by the policy owner, with interest, of all unpaid premiums and policy loans, and presentation of satisfactory evidence of insurability by the insured.

The right choice for each owner depends upon which options provides the lower long term cost, and if they are able to to afford the lump sum payment of an original aged priced policy.

An owner could hypothetically have a VUL policy that makes a return many times their original investment, they could pull almost all of the money out with a loan (leaving enough to cover premium charges) and they would not pay any taxable income on this money.

The term «third - party» means that the primary beneficiary of this policy is neither the insurance company nor the original insured, but a pretentious outside member affected by the actions of the vehicle and thereby the vehicle owner.

An umbrella insurance policy is very helpful when the insurance owner is sued and the dollar limit of the original policy has been exhausted.