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BOSTON MUTUAL LIFE INSURANCE COMPANY120 Royal Street18006692668 x700Canton, MA 02021Please refer to your Administration Kit for enrollment and P L E A S E P R I N T O R T Y P Emailing instructionsEMPLOYEE
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How to fill out request for cash surrenderuse
How to fill out request for cash surrenderuse
01
Begin by gathering all necessary documents such as policy details, identification proof, and bank account information.
02
Write a formal letter addressed to the insurance company, stating your intention to surrender the cash value of your policy.
03
Clearly state your policy number and provide any additional relevant information.
04
Explain the reason for your decision to surrender the policy and request the surrender forms.
05
Fill out the surrender forms completely, ensuring all required fields are accurately completed.
06
Attach all the necessary supporting documents and sign the forms.
07
Make copies of the filled-out forms and supporting documents for your records.
08
Submit the completed forms and supporting documents to the insurance company by mail or in person.
09
Follow up with the insurance company to ensure they have received your request and provide any additional information they may require.
10
Await the insurance company's response regarding the cash surrender value of your policy and any further instructions.
Who needs request for cash surrenderuse?
01
Anyone who owns a life insurance policy and wishes to terminate it while receiving the cash value can submit a request for cash surrender. This may be beneficial for individuals who no longer require life insurance coverage, need immediate funds, or want to invest the cash value elsewhere.
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What is request for cash surrenderuse?
A request for cash surrenderuse is a formal application to redeem a cash value insurance policy.
Who is required to file request for cash surrenderuse?
The policyholder or the legal beneficiary of the insurance policy is required to file a request for cash surrenderuse.
How to fill out request for cash surrenderuse?
To fill out a request for cash surrenderuse, the individual needs to provide personal information, policy details, and sign the form.
What is the purpose of request for cash surrenderuse?
The purpose of a request for cash surrenderuse is to redeem the cash value of an insurance policy before the maturity date.
What information must be reported on request for cash surrenderuse?
The request for cash surrenderuse must include policy number, name of policyholder, requested amount to surrender, and signature.
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