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Contract analysis / ilit-trustee-acceptance.docx
ilit-trustee-acceptance.docx
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1. Schedule A to the Trust Agreement — Description of initial trust property: Beacon Life
1. Schedule A to the Trust Agreement — Description of initial trust property: Beacon Life Assurance Company Policy No. BLA-2023-77419; second-to-die universal life insurance policy; death benefit: $15,000,000; annual premium: $187,500; insured lives: Jonathan R. Caldwell (DOB: March 14, 1956) and Eleanor V. Caldwell (DOB: September 22, 1958).
2. Assignment of Life Insurance Policy — Executed by Jonathan R. Caldwell, as Assignor, i
Medium
⚑ Assignment / subcontracting
2. Assignment of Life Insurance Policy — Executed by Jonathan R. Caldwell, as Assignor, in favor of Northgate Trust Company of Delaware, as Trustee of the Caldwell Family Insurance Trust, as Assignee, transferring all ownership rights in Beacon Life Assurance Company Policy No. BLA-2023-77419. Executed concurrently with the Trust Agreement and this Acceptance of Trusteeship.
3. Form of Crummey Withdrawal Notice — Template notice attached to the Trust Agreement as
3. Form of Crummey Withdrawal Notice — Template notice attached to the Trust Agreement as an exhibit, to be utilized by Northgate Trust Company of Delaware in issuing annual Crummey withdrawal notices to Thomas R. Caldwell, Katherine C. Hartfield, and Olivia G. Caldwell upon receipt of premium contributions from the Grantor. Policy Detail | Description Issuing Company | Beacon Life Assurance Company Company Domicile