spot 5 mistakes in this insurance document
Second, spot 5 mistakes in the life insurance policy attached to this document, Insurance Company: 222 nurance Client: Mike Swanson Address 1 231 Ocean St. Mainville Quebec TIN ITI Basle Information of policy Benefit: 100,000$ Premium 388/mo The benefit shall be paid in a wholesome lump sum with in five (5) days that the death certificate in produced, and all clarifications and documents have been produced 1. Beneficiaries The benefit shall be paid to the following beneficiary Janice Swanson Lengan Revocable X)Irrevokable In the case that Janke Swanson Longin does not survive to survive to Make Swanson as per applicable laws in Quebec, the estate shall determine who inherits 2. Term The term life insurance in for a 10-year term and taken effect on February 14, 2018 if and only if the two first premiums have been paid by the policyholder 3. Policy advances The client can ask for policy advances that will be taken right from the benefit 4 Nature of the Risk No nature of the risk is specified in this contract, but the risk includes the death of the beneficiary 5. Reinstatement If the client is a premium payment she will be sus pended 30 days after receiving our letter of non-payment. The client can be reinstated to this policy of the client requests a permission from the Insurer to be reinstat and pay back all premium payments and interests relat 6. Surrender value The client can surrender this life insurance based on the calculation and explanations of the surrender table available on our website Initials of the client 7. Declaration of Risk The client has declared his risk in his application including all health risks to him or her. If the ci ent lied on anything, Inchading on his this policy is automatically canceled & Conversion options This insurance can be converted from or to a group in surance policy of the case bear into perm/whole/universal life insurance. The new contract will include a set of modifications to which the client automatically agreed upon taking the conversion 9. Exceptions The following exceptions are excluded from the benefit payment: No payment shall never be done for any ideer 10. Precedence The policyholder accept that the conditions of the policy are the ones of the policy contract as soon as perinted Signed Main January 12, 2018 Cerit Representative ed Insurance Company: ZZZ Insurance Client: Mike Swanson Address : 231 Ocean St. Mainville (Quebec) TIN IT: Basic information of policy Benefit : 100,000$ Premium : 38$/mo The benefit shall be paid in a wholesome lump sum with- in five (5) days that the death certificate is produced, and all clarifications and documents have been produced. 1. Beneficiaries The benefit shall be paid to the following beneficiary: Janice Swanson Longan (Revokable (X) Irrevokable In the case that Janice Swanson Longan does not survive to survive to Mike Swanson as per applicable laws in Quebec, the estate shall determine who inherits. 2. Term The term life insurance is for a 10-year term and takes effect on February 14, 2018 if and only if the two first premiums have been paid by the policyholder. 3. Policy advances The client can ask for policy advances that will be taken right from the benefit 4. Nature of the Risk No nature of the risk is specified in this contract, but the risk includes the death of the beneficiary. 5. Reinstatement If the client skips a premium payment, s/he will be sus- pended 30 days after receiving our letter of non-payment. The client can be reinstated to this policy if the client requests a permission from the Insurer to be reinstated and pays back all premium payments and interests relat- 6. Surrender value The client can surrender this life insurance based on the calculations and explanations of the surrender table available on our website. Initials of the client : 7. Declaration of Risk The client has declared all his risk in his application, including all health risks knows to him or her. If the cli- ent lied on anything, including on his age, this policy is automatically canceled. 8. Conversion options This insurance can be converted from or to a group in- surance policy if the cases be, or into perm/whole/universal life insurance. The new contract will include a set of modifications to which the client automatically agrees upon taking the conversion. 9. Exceptions The following exceptions are excluded from the benefit payment: No payment shall never be done for any suicide ever. a 10. Precedence The policyholder accepts that the conditions of the policy are the ones of the policy contract as soon as printed Signed in Maihvinen on January 12, 2018 Client: Representative ed