Our solution lines involve variable annuities, fixed annuities, fixed index annuities, and variable life insurance. There shall be a provision that a grace period of 30 days or, at the option of the insurer, of 1 month of not less than 30 days, or of 4 weeks in the case of industrial life insurance policies the premiums for which are payable much more frequently than monthly shall be permitted inside which the payment of any premium immediately after the 1st may be produced, during which period of grace the policy shall continue in complete force.
In an annuity or pure endowment contract, other than a reversionary or group annuity, there shall be a provision that the contract might be reinstated at any time within 1 year from the default in producing stipulated payments to the insurer, unless the cash surrender worth has been paid, but all overdue stipulated payments and any indebtedness to the insurer on the contract shall be paid or reinstated with interest thereon at a price metropolis rental property administration to be specified in the contract, but not exceeding 6% per annum payable annually, and, in cases exactly where applicable, the insurer may perhaps also include things like a requirement of evidence of insurability satisfactory to the insurer.
The correspondent listed for DELAWARE LIFE SUMMIT 5 FIXED ANNUITY is TIMOTHY H. HIEBERT of SAMUELS & HIEBERT LLC, TWO INTERNATIONAL Place, SUITE 2330, BOSTON, MA 02110-4104 The DELAWARE LIFE SUMMIT five FIXED ANNUITY trademark is filed in the category of Insurance buying a residence with bad credit coverage & Monetary Services The description supplied to the USPTO for DELAWARE LIFE SUMMIT five FIXED ANNUITY is Issuance and administration of annuities.
B. A provision permitting an adjustable maximum interest price established from time to time by the life insurer as permitted by law. The USPTO has offered the DELAWARE LIFE SUMMIT 5 FIXED ANNUITY trademark serial quantity of 87324638. The policy may possibly also offer that no designation or modify of beneficiary shall be binding on the insurer until endorsed on the policy by the insurer and that the insurer may refuse to endorse the name of any proposed beneficiary who does not appear to the insurer to have an insurable interest in the life of the insured.
A Fixed Indexed Annuity with a 7-year surrender period. There shall be a provision that a grace period of 30 days or, at the option of the insurer, of 1 month of not significantly less than 30 days, or of 4 weeks in the case of industrial life insurance policies the premiums for which are payable much more frequently than month-to-month shall be allowed inside which the payment of any premium soon after the initially may well be made, in the course of which period of grace the policy shall continue in full force.
There shall be a provision that the policy shall be incontestable following it has been in force in the course of the lifetime of the insured for a period of not extra than two years right after its date of problem, except for (1) nonpayment of premiums, and (2) at the insurer’s solution, provisions relating to advantages in the event of total and permanent disability and provisions granting further positive aspects particularly against death by accident or accidental means.
5 August 2013 – US insurer Delaware Life Holdings stated it has closed its purchase of the US annuity company and particular life insurance corporations of Canada-based Sun Life Economic Inc (TSX: SLF) (NYSE: SLF). The insurer shall reserve the proper to defer the payment of any cash surrender worth for a period of six months soon after demand therefor with surrender of the policy. There shall be a provision that if the age of the insured or of any other individual whose age is deemed in figuring out the premium or advantage has been misstated, any quantity payable or benefit accruing below the policy shall be such as the premium would have bought at the correct age or ages.
B. The term “policy loan” includes any premium loan made below a policy to spend 1 or additional premiums that were not paid to the life insurer as they fell due.