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Surrender Value Request of Premium on Repossessed/Written Off Vehicles 2165 West Broadway, P.O. Box 5900 Vancouver, B.C. V6B 5H6 This request for the Surrender Value of Premiums is submitted by: Name

How to fill out surrender value request of

How to fill out surrender value request:

1. Gather required documents: Before filling out the surrender value request form, make sure you have all the necessary documents ready. These usually include your policy information, identification proof, and any supporting documents required by the insurance company.
2. Download or request the form: Visit the website of your insurance company or contact their customer service to obtain the surrender value request form. Alternatively, you may be able to download the form directly from their website.
3. Fill out personal information: Start by filling out your personal information on the form. This typically includes your full name, address, contact details, and policy number. Ensure all the details are accurate and up to date.
4. Provide policy details: Next, provide the details of the policy for which you are requesting the surrender value. This includes the policy number, the type of policy, and the date of issuance. If you have multiple policies, specify the particular one you want the surrender value for.
5. Indicate surrender method: The surrender value request form will have options for different surrender methods. You may be able to choose between cash surrender, partial surrender, or policy loan, among others. Select the appropriate method that suits your requirements.
6. Specify payment details: If you wish to receive the surrender value via electronic transfer, provide your bank account information, including the account number and routing number. Alternatively, if you prefer a paper check, ensure you provide the correct mailing address.
7. Sign and date the form: Read through the form carefully and make sure all the information provided is accurate. Then, sign and date the form to validate the request. Some forms may also require the signature of a witness or a notary public.

Who needs a surrender value request:

1. Policyholders: Surrender value requests are typically made by individuals who hold life insurance policies or other investment-linked policies. They may require the surrender value for various reasons, such as financial emergencies, a change in investment plans, or a need for cash liquidity.
2. Beneficiaries: In the unfortunate event of the policyholder's demise, beneficiaries may need to submit a surrender value request to retrieve the value of the policy. This could be to handle funeral expenses, pay off outstanding debts, or simply manage the deceased's financial affairs.
3. Financial advisors or agents: In some cases, financial advisors or agents may be responsible for assisting their clients in submitting surrender value requests. They can guide policyholders or beneficiaries through the process, ensuring all the necessary information is provided accurately.

Please note that the specific requirements and procedures for filling out a surrender value request may vary between insurance companies and policy types. It is always recommended to carefully read the instructions provided with the form or contact the insurance company directly for guidance.

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