MONY Adds Guarantee Rider.To Universal Life Policy: MONY MONY Mutual of New York (Insurance - Syracuse, NY) Life Insurance Company of America, a subsidiary of MONY Group Inc., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , has introduced Custom SUL SUL See You Later SUL State University Libraries SUL Secretariado Uruguayo de la Lana (Spanish) SUL Stiff Upper Lip (band) SUL Small Unit Logistics , a last-survivor universal life policy with an unusual rider. The rider guarantees that the policy will not lapse during the insured's lifetime, regardless of cash value, provided certain requirements are met. If those requirements are not met, however, policyholders have the ability to "catch up" and restore the life insurance coverage by paying back premiums with no interest, so long as the policy has not lapsed LEGACY, LAPSED. A legacy is said to be lapsed or extinguished, when the legatee dies before the testator, or before the condition upon which the legacy is given has been performed, or before the time at which it is directed to vest in interest has arrived. Bac. Ab. Legacy, E; Com. Dig. and the accumulated cash value is greater than zero. Custom SUL is available in states where approved through all of MONY'S distribution channels, including its career system of financial professionals and the MONY Independent Network, a complementary distribution channel of brokerage general agencies and broker-dealers. |
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