Get Loan Partial Surrender And Dividend Bwithdrawalb Bb - Bnationwideb

Completing the Loan Partial Surrender And Dividend Withdrawal form online can be a straightforward process when you have clear guidance. This brief guide will help you understand each section of the form to ensure a successful submission.

Follow the steps to properly complete the form.

1. Click ‘Get Form’ button to obtain the form and open it in your chosen document editor.
2. Begin with the General Information section. Provide the owner’s full name, policy number, complete address, Social Security Number, phone number, email, and joint owner’s name if applicable.
3. Move to the Policy Loan Options section. For Indexed Universal Life policies, select the appropriate loan option (Declared Rate Policy Loan or Alternative Policy Loan). For Whole Life policies, indicate the maximum loan amount available and select the option for the desired loan.
4. In the Partial Surrender Options section, choose the maximum withdrawal option or specify the dollar amount to be surrendered for Universal Life and Variable Life policies. Note any associated fees that may apply.
5. Complete the Dividend Withdrawal section if applicable. You can select either to surrender Paid-Up Additions or Accumulated Dividends, indicating the amount or selecting maximum available.
6. For the Method of Distribution, specify whether the amount should be directly deposited or mailed. If opting for direct deposit, provide the necessary financial institution details and ensure to attach a voided check.
7. Address the Federal Tax Withholding Instructions. Select your preference regarding whether you wish for taxes to be withheld from your withdrawal, and fill in the percentage if applicable.
8. Review and acknowledge the Important Information section, ensuring you understand the implications of your request, including the risk of taxable income.
9. Fill out the Taxpayer ID Certification, ensuring the information provided is accurate, and sign where indicated.
10. Complete the Signature section where required. The owner must sign and date the form. If there is a joint owner or another authorized person, ensure their information and signature are included as well.
11. After filling out all necessary sections, save your changes, and then download, print, or share the completed form as needed.

Start filling out your Loan Partial Surrender And Dividend Withdrawal form online today.