Across
- 4. the name and title of the authorized person must be included with this on the Change of Entity form
- 7. the person in the Life Company who will review a deceased owner situation
- 10. an interest in the continued life and good health of the proposed insured
- 12. the individual or entity to whom ownership transfers if the policy owner predeceases the insured
- 16. section of the entity form that is always required and indicates which documents are included with the form
- 17. cannot be designated as the policy owner with their title; an alternative is the entity itself or an individual without the title
- 18. the last revision month and year of the Change of Contingent Owner form
- 20. cannot enter into a legal contract
- 21. the "fourth in line" to become the policy owner
- 22. task name created in Life Link to change the ownership
Down
- 1. when more than one person/entity retains ownership rights
- 2. only exists when appointed by the court and must include court order to be listed as the owner
- 3. cannot be listed as the policy owner on the application or a form, but may be listed in WMA in specific circumstances
- 5. signature method for 3/4 types of ownership change forms that can be utilized by the agent's office
- 6. policy is owned by someone other than the individual person (LLC, trust, corporation, etc)
- 8. if this role is becoming the new policy owner, a contingent owner cannot be listed
- 9. the only allowable party who can exercise benefits under a contract
- 11. the form sent by life specialists when joint ownership is requested
- 13. An agreement with one person who is the holder of the legal title to property subject to an equitable obligation to keep or use the property for the benefit of another person
- 14. the amount of days the form should be dated within to be acceptable
- 15. the state that requires a spouse's signature
- 19. an uncommon scenario that involves a specific type of tax consequence for a life insurance policy, proceeds, or premiums