This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1890 Excerpt: ... or terminating at the time and in the manner provided in the original Policy contract; and such default shall not change or affect the conditions or terms of the Policy, except as regards the payment of premiums and the amount payable thereon. Said surrender charge shall be eight per cent, of the insurance value of ...
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1890 Excerpt: ... or terminating at the time and in the manner provided in the original Policy contract; and such default shall not change or affect the conditions or terms of the Policy, except as regards the payment of premiums and the amount payable thereon. Said surrender charge shall be eight per cent, of the insurance value of the Policy at the date of default, which insurance value is the present value of all the normal future yearly costs of insurance which by its terms said Policy is exposed to pay in case of its continuance, computed upon the rate of mortality and interest assumed in section eleven. Every such Policy, after the payment of two full annual premiums thereon, shall have a surrender value which shall be its net value, less the surrender charge, and less any indebtedness to the Company on account of the said Policy, and its holder may, upon any subsequent anniversary of its issue surrender the same arid claim and recover from the Company such surrender value in cash; provided that from the surrender value of all endowment Policies the Company may deduct five per cent. On Policies of prudential or industrial insurance on which the weekly premiums are not more than fifty cents each the surrender value in all cases shall be payable in cash. Upon surrender, on any anniversary of its issue, of a Policy which has become paid up after the payment of two full annual premiums, by force of the statute upon default in payment of premium, the holder shall be entitled to its net value, payable in cash; provided that from such net value of all endowment Policies the Company may deduct five per cent. But no surrender of a Policy shall be made without the written assent of the person to whom the Policy is made payable. Any condition or stipulation in the Policy or else...
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Add this copy of Flitcraft Life Insurance Manual, Volume 3 to cart. $42.69, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2010 by Nabu Press.
