Form 05897-32 - Request For Service Form (Page 2 of 2) in pdf

Colonial Life | REQUEST FOR SERVICE | FAX: 1-800-561-3082 | Telephone: 1-800-325-4368

Select either section 6 or 7 per policy number, NOT both.

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Section 6

Policy loan

(complete section 8)

If the amount requested is more

Please select

£ I am requesting a policy loan for the following amount: $_________________________

than the available cash value,

ONE option per

we will process this request for

policy number.

£ I am requesting a policy loan for the maximum amount available.

the maximum amount available.

£ Check this box also if you are requesting information regarding repayment of your loan on your Universal Life policy.

Policy loans are available on select life policies only. Minimum loan amounts may apply as stated in your policy contract. You will receive annual interest notices until the loan

is fully repaid. For information regarding repayment of your loan, please contact us at 1-800-325-4368.

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Section 7

Withdrawal/partial surrender

(Universal Life policy)

(complete section 8)

If the amount requested is more

Please select

£ I am requesting a policy withdrawal/partial surrender for the following amount: $______________

than the available cash value,

ONE option per

we will process this request for the

policy number.

£ I am requesting a policy withdrawal/partial surrender for the maximum amount available.

maximum amount available.

Only one policy withdrawal/partial surrender is allowed per policy year. Minimum withdrawal amounts apply as stated in your policy contract. There will be a processing fee

as stated in your policy contract. Policy withdrawals/partial surrenders are available on universal life policies only. If your policy is not a universal life policy and you request a

withdrawal, we will process the request as a policy loan.

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Section 8

Tax withholding options

Election of a tax withholding option is not available for tax-qualified products. The insurer is required to withhold 20%

Choose one of the following options.

of any recognized gain for tax-qualified products unless proceeds are rolled directly into an IRA or other qualified

If an option is not selected, a withholding

retirement plan.

will automatically be made.

Under certain criteria established by the Treasury Department, a gain may be reportable by the insurer at the time

of surrender, partial surrender or withdrawal of this policy, creating a taxable situation. However, any gain is taxable

£ I DO NOT want to have Federal Income Tax

income for the current tax year.

withheld in conjunction with this surrender/

If a gain is reportable, an IRS Form 1099R will be sent to you at the beginning of the next calendar year reporting

partial surrender/withdrawal proceeds.

the recognized gain, and a copy of IRS Form 1099R will be sent to the IRS. If a gain is not reportable when the

surrender, partial surrender or withdrawal is processed, an IRS Form 1099R will not be sent. In addition, if a gain is

£ I DO want to have Federal Income Tax

reportable, the insurer is required to withhold 10% of any recognized gain, unless the policy owner elects not to

withheld in conjunction with this surrender/

have the tax withheld. You may be subject to penalties under the estimated tax payment rules if you elect not to have

partial surrender/withdrawal proceeds.

tax withheld and payments of estimated tax and other withholding are not adequate to satisfy tax liability.

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Section 9

Other requests or remarks

–

Section 10

Signatures required

(this section MUST be complete in order for us to process your request)

Special notice for Residents of a Community Property State: A spouse or former spouse may have an interest in life insurance proceeds or any accumulated cash value

if the policy premiums were paid with community funds. It is your responsibility to consult your legal advisor to 1) ensure that any required consent from a spouse or former

spouse has been received and 2) ensure that your spouse or former spouse will not be able to make a claim against any policy values and/or the proceeds in the event any

policy benefits become payable.

I have carefully read this request and agree that it is properly and fully completed. I understand that this request is subject to the provisions and conditions of the policy/

certificate and that the company may require additional information or requirements. I certify that the policy/certificate is not pledged or assigned to any other person

or corporation, except where stated in the request, and that no proceedings or bankruptcy or insolvency have been filed or are now pending. I certify the Social Security

number and date of birth indicated are correct, and I hereby authorize Colonial Life to execute this request.

______________________________________________________________________________

___________________________________________

Policy/certificate owner’s signature

Date

(MM/DD/YYYY)

Assignee’s signature (if any):

Date

(MM/DD/YYYY)

Policy/certificate owner’s

Print name:

SSN: