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Va life insurance Form: What You Should Know

Please note that if you are not the owner of the policy, it is considered yours to have and dispose of in the same manner as any other policy. When a policy is surrendered for cash, the VA will contact the policyholder to provide the surrender value as provided on this form. This form will be on file within 3 business days of receipt of the surrender. When the surrender value reaches the VA, they will process a new claim and begin to collect any applicable amounts. When a policy is surrendered for a lump sum payments or the Cash Surrender Value or Policy Loan repayment amount is less than 1,000, the VA will process a new claim and begin to collect any applicable amounts. Once the refund amount has been received from the VA, the policy will be retired and the old policy will be retired.  If, after 30 days of possession, the VA or its representatives determine that the surrender value is more than 1,000, the policy will be surrendered within 90 days. If the surrender value is more than 1,000, the policy will be surrendered by the owner. All refunds are processed within 90 days from when the policy was surrendered. Policy surrender value will be assessed as follows: Policy must be presented for presentation at the time of surrender. Policy must be surrendered in person at the following: You may have the surrender value assessed to you by anyone claiming to represent the U.S. Government and no physical evidence or paperwork must be provided. The sum will be assessed based on the amount in cash, the length of time the policy has been surrendered, the amount of payments made on the policy and the total Cash Surrender Value.  The Cash Surrender Value will be assessed based on the amount in cash and will be subject to the tax laws of the state in which the policy is surrendered and where the policyholder lives. If the cash value equals or exceeds 4,000, the policy will be forfeit by the policyholder. The amount will be subject to state sales tax. The maximum surrender value that can be used at any time is 4,000. If the cash value is less than 4,000, the policy will be forfeit by the policyholder. The amount will be subject to state sales tax.

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The following announcement is for honorably discharged US veterans aged 18 to 59 the toll-free number shown on your screen is used to respond to the following do not repeat do not miss this important information exclusively for veterans veterans of all branches of service and spouses of qualified veterans stand by for complete details already over two million veterans have called to find out how this card can serve them exclusively hi i'm roger staubach if you're a veteran aged 18 to 59 or the spouse or widow of a vet right down this toll-free number because one quick phone call can bring you all the facts about a plan that offers you a choice of 10 20 up to $50,000 in term life benefits $50,000 for under $10 a month and since your spouse is also eligible your total family protection can reach up to $100,000 all this at affordable veterans rates all you have to do is pick up the phone and call operators are ready now to serve you in a matter of days an information package will be sent directly to your home in it you'll find all you need to apply right away in fact you don't even have to take a medical exam you'll also receive your own veterans life guard embossed with your name it's all absolutely free with no obligation as a veteran you owe it to yourself to get the facts about this exclusive offer so call now veterans call 1-800 four five three six two hundred that's one eight hundred four five three six two hundred an information package will be mailed to you immediately call now you will also receive an updated guide to veterans benefits showing what government benefits veterans are entitled to and how to collect...

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