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AIA Bhd.200701032867 (790895D)Request for Cash Surrender / Cancellation Traditional Policy or Universal Life Permintaan untuk Serahan / Pembatalan Polisi Traditional atau Insurans Hayat UniversalHCollection
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How to fill out request for cash surrender

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How to fill out request for cash surrender

01
Obtain the cash surrender request form from your insurance provider.
02
Fill in your personal information, including your name, address, and policy number.
03
Indicate the reason for the cash surrender request, if required.
04
Sign and date the form to authenticate your request.
05
Submit the completed form to your insurance provider, either through mail or online as specified.

Who needs request for cash surrender?

01
Policyholders who wish to access the cash value of their life insurance or annuity policies.
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A request for cash surrender is a formal application made by a policyholder to withdraw the cash value accumulated in a life insurance policy, often canceling the policy in the process.
The policyholder or an authorized beneficiary of the life insurance policy is required to file a request for cash surrender.
To fill out the request for cash surrender, the policyholder must complete the designated form provided by the insurance company, including details such as policy number, personal information, and the amount they wish to surrender.
The purpose of a request for cash surrender is to enable the policyholder to access the cash value of their insurance policy while terminating it.
The request for cash surrender must report the policy number, policyholder's name and address, the amount to be surrendered, and any required identification information.
The deadline to file a request for cash surrender in 2024 varies by insurance company policies, but generally, it is based on the policy's renewal date or specific terms outlined in the contract.
The penalty for the late filing of a request for cash surrender may include a reduction in the cash value received or potential forfeiture of the benefits associated with the policy.
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