Flitcraft Life Insurance Manual Volume 32 book

Flitcraft Life Insurance Manual Volume 32. Allen J Flitcraft

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Author: Allen J Flitcraft
Number of Pages: 308 pages
Published Date: 01 Mar 2012
Publisher: Rarebooksclub.com
Publication Country: Miami Fl, United States
Language: English
ISBN: 9781130503197
File size: 11 Mb
Download Link: Flitcraft Life Insurance Manual Volume 32
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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. 1919 Excerpt: ...according to the American Experience Table of Mortality with interest at 3% cent. If the death of the Insured shall occur during the first of such extended insurance the premiums which would have been paid, if no default had been made, with interest, shall be deducted from the amount payable. Paid-up Insurance.--(Column 3, "Table of Guarantees.") Upon written request of the Insured and the surrender of this policy the Company will issue a paid-up participating policy, payable as provided in this policy. The amount of such paid-up policy will be such as the cash surrender value, as above defined, will purchase at the net single premium rate for the attained age of the Insured according to the American Experience Table of Mortality with interest at 3% per cent Cash.--(Column 4, "Table of Guarantees.") Upon written request of the Insured and the surrender of this policy, the Company will pay the then cash surrender value as above denned. The extended insurance or paid-up policy granted under these nonforfeiture provisions will have cash surrender values according to the reserve thereon at the time of the surrender, computed upon the basis hereinbefore mentioned, less any indebtedness. Loans.--After three full years' premiums have been paid and If no premium payment is in default, the Company will advance, on proper assignment of this policy and on the sole security thereof, a sum not exceeding the amount specified in Column 4 of the "Table of Guarantees" on the first page hereof and the reserve on any additions to this policy, deducting therefrom all indebtedness to the Company against this policy and any unpaid balance of premium for the current policy year. Interest at the rate of 6 per cent per annum shall be paid in advance to...

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