Get Cash Surrender Release - Life Insurance

Filling out the Cash Surrender Release form for life insurance can seem challenging, but by following a clear, step-by-step guide, you can complete the process smoothly. This guide will walk you through each section of the form to ensure your submission is accurate and complete.

Follow the steps to effectively complete your Cash Surrender Release form online.

1. Click the ‘Get Form’ button to obtain the Cash Surrender Release form and open it in your preferred document editor.
2. Enter the company code number as indicated. This assists in identifying your specific policy in the insurance company’s system.
3. Input your policy number in the designated field. This number is unique to your life insurance policy and must be entered accurately.
4. Fill in the name of the insured person. This should match the name on the original life insurance policy.
5. Provide the owner's address, including street and number, as well as city, state, and ZIP code. Ensure this information is current to avoid any communication issues.
6. List your telephone number, ensuring it is reachable so the insurance company can contact you if necessary.
7. Review the Cash Surrender Release statement carefully. By signing, you are applying for the cash surrender value and relinquishing the policy.
8. Make your income tax withholding election, if applicable. Choose whether to have federal and state taxes withheld, and indicate the amount or percentage as necessary.
9. Complete the representation section, confirming no bankruptcy proceedings are related to you and that there are no other claims on the policy.
10. Sign the form in the designated areas for both the insured and the owner of the policy. Ensure to provide the correct Taxpayer Identification Numbers.
11. Date the form appropriately. If required, include witness signatures from non-related individuals.
12. Once all sections are complete, save your changes, and determine if you would like to download, print, or share the completed form for submission.

Complete your documents online with confidence and ensure all necessary forms are properly filled out.