Exhibit 10.5A
UNITED FUNDS, LLC - PURCHASE AND SALE AGREEMENT
THIS AGREEMENT, made and entered into by and between UNITED FUNDS, LLC,
whose principal place of business is 101 W. Ohio Street, PMB 2000, Xxxxxxxxxxxx,
Xxxxxxx 00000, hereinafter referred to as Purchaser and the following
individuals:
hereinafter referred to, whether as an individual or as a group, as the Seller.
W I T N E S S E T H
WHEREAS, the Purchaser is in the business of locating for sale certain life
insurance policies and,
WHEREAS, the Seller is the owner of a life insurance policy which he desire
to have the Purchaser assign to a third party and,
WHEREAS, the Purchaser and Seller desire to enter into this agreement
according to the following assurances and understandings of the parties,
THEREFORE, in consideration of the mutual covenants contained herein and
for other good and valuable consideration receipt of which is hereby
acknowledged the parties to hereby agreement as follows:
1. The Seller desires to sell that certain life insurance policy which
Seller warrants he/she is the owner.
2. Seller is the absolute owner of all right, title and interest in and to
a certain policy (Policy) Policy # ____________.
This policy was issued by ____________________
This policy insure the life of ___________________
3. That Purchaser has available a purchaser who desires to purchase
Seller's life insurance policy.
4. The parties agrees that the purchase price paid to the Seller shall be
the Net Purchase Price as set forth in Exhibit "A," less any policy premiums
required to bring the policy into current status with the insurance company of
record.
5. The Seller, within five (5) business days of the Seller's execution of
this Agreement, shall provide the following documents to the Purchaser:
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A. all documents required by the issuing insurance company to
effectuate the transfer of the Seller's interest in the insurance
policy to the Purchaser's purchaser;
B. the Assignment of Insurance Policy, a copy of which is attached
hereto as Exhibit "B";
C. the Beneficiary's Assignment and Consent form, attached hereto as
Exhibit "C," signed by all beneficiaries of said policy;
D. the original Address Communication form attached hereto as
Exhibit "D";
E. the List of Relatives and Friends form, attached hereto as
Exhibit "F";
F. the original insurance policy; and
G. list of Beneficiaries form attached hereto as Exhibit "F";
H. the authorization to release Death Certificate executed by
insured's relative attached hereto as Exhibit "G"; and
I. Certification of Mental Competency attached hereby as Exhibit
"H."
6. The Seller has be responsible for all premium payments prior to Seller's
receipt of the net purchase price. The Seller may elect to use the cash value
inherent in the policy to satisfy premium payments for which Seller is
responsible.
7. Seller agrees to provide, on a timely basis to the Purchaser, a Change
of Address Notification within ten business days of relocation of the insured.
Seller and/or insured agrees to provide Purchaser with access to insured's
medical records for the purpose of determining the insured's health status on a
reasonable basis, not to exceed more than once every three months, at the
Purchaser's expense. Seller agrees to be responsible for the execution of all
medical release authorization forms and other documents necessary to provide
Purchaser with access to insured's medical records for this purpose. Both Seller
and insured agree and fully understand that such requests may be required at
reasonable intervals for an indeterminate number of years. Seller further agrees
that this authorization will be binding if the policy is subsequently sold or
assigned to another assignee.
8. Seller warrants that:
A. Seller is authorized to enter this Agreement and that no legal or
contractual impediment exists to the execution of this Agreement.
B. No consent, approval or authorization or a third party is
required in connection with the execution of this Agreement.
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C. The face value of the insurance policy is $____________.
and the total aggregate amount of loans against this policy is
$_______.
and the face value of the policy is further reduced as a result
of payment of premium using the policy's cash value in the amount
of $_______.
and there exist no other obligations of any kind that would
reduce the face value of the policy.
D. Seller shall not do anything that will cause a reduction in the
amount of the full value of the policy.
E. Seller has not received notice from the Insurance Company of any
violation of the terms of, or a default of, the Insurance Policy.
F. The Net Purchase Price is adequate and fair consideration for the
Insurance Policy.
G. Seller agrees to:
(i) take any and all actions necessary or appropriate to
effectuate the purposes and provisions of this Agreement or
the Transaction; and
(ii) sign any and all documents, agreements, certificates, or
other instruments required or necessary under law or
otherwise to effectuate the provisions of this Agreement or
the Transaction.
H. The contents of the Insured's personal physician's letter are
true and accurate. Seller has provided prior consent for
physician's issuance and Purchaser's receipt of the physician's
letter. Purchaser has obtained the physician's letter before
Seller entered this Agreement.
I. The designation of the state of Seller's residency in the
background information to this Agreement is true and correct.
J. Seller is solvent and there are no outstanding claims, suits,
liens, securing interests, garnishments, or court proceedings
which could result in Seller becoming bankrupt or insolvent.
There are no insolvency or bankruptcy proceedings threatened or
pending against Seller. Seller understands that the proceeds
Seller receives may be subject to the claims of creditors.
K. No representation or warranty made by Seller, nor any statement,
certificate, nor instrument furnished (or to be furnished ) to
Purchaser pursuant to this Agreement or in conjunction with the
Transaction contemplated by this Agreement contains, will contain
any untrue
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statement or material fact, or omits or will omit to state a
material fact necessary to make the statements contained herein
misleading. No representation or warranty made by Seller nor any
statement or certificate or instrument furnished or to be
furnished to the Insurance Company in connection with the
Insurance Policy including, without limitation, the application
therefore or in conjunction with this Agreement or the
Transaction contemplated by this Agreement contained, contains,
or will contain any untrue statement of material fact or omits or
will omit to state a material fact necessary to make the
statements contained therein misleading. The physician's letter
accurately reflects the nature and condition of Seller's health.
L. Except for the contingent interests of the Current Beneficiaries,
Seller owns all rights and interests in, and to, the Insurance
Policy. Except as limited by the preceding sentence, Seller has
and will continue to have, until the transfer to the Policy
Buyer, good and marketable title to the Insurance Policy, free
and clear of all liens, pledges, restrictions, charges or
encumbrances or the interests of any nature whatsoever. Except
for the contingent interests of the Current Beneficiaries, Seller
owns all rights and interests in, and to, the Insurance Policy.
Except as limited by the preceding sentence, Seller has and will
continue to have, until the transfer to the Policy Buyer, good
and marketable title to the Insurance Policy, free and clear of
all liens, pledges, restrictions, charges or encumbrances or
other interests of any nature whatsoever.
M. Seller understands the terms and conditions of the Insurance
Policy and the benefits available to Seller thereunder. The
Insurance Company does not offer a living benefits program or, if
it does, Seller finds that program less satisfactory than this
Agreement. Furthermore, Seller understands the terms and
conditions of this Agreement and the Transaction.
N. Seller has the right to representation in all aspects of this
Transaction by an attorney, chosen solely by Seller and is
licensed under the laws of the jurisdiction in which he/she
practices. Purchaser has made all the disclosures and given all
the advice required by applicable laws and regulations.
Nevertheless, despite Seller's belief that Seller currently has
sufficient knowledge pertaining to these issues, Seller may,
before signing this Agreement, exercise the option to obtain
advice from Seller's attorney or professional advisor regarding:
(i) all tax consequences that may result from the Transaction or
this Agreement;
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(ii) possible alternatives to the Transaction and this Agreement,
including accelerated benefits options that might be offered
by the Insurance Company;
(iii) the effect that this Transaction or this Agreement may or
will have other rights of benefits, including conversion
rights and waiver of premium benefits that may exist under
the policy; and
(iv) the effect, if any, that this transaction or this Agreement
may have if this policy contains or is associated with any
other joint policy or other riders.
9. Except as otherwise expressly provided in this Agreement, and regardless
of whether the Transaction is consummated or payments are ever made, this
Agreement or the Transaction is rescinded or terminated, or for any other
reason, Seller is solely responsible for all fees and costs incurred as a result
of the Transaction or this Agreement, including, without limitation, all
attorneys' and physicians' fees.
10. That the following agreements regarding arbitration apply:
A. Agreement to Arbitrate: Any litigation, claim, dispute, suit,
action, controversy, proceeding or otherwise ("Claim") between
Purchaser, Servicer's affiliates and Seller (or Seller's
affiliates) which are not resolved within forty-five (45) days of
notice from either of the Parties to the other, will be submitted
to arbitration to the office of the American Arbitration
Association pursuant to its Commercial Arbitration Rules will
conduct the arbitration. The Parties to any arbitration will sign
appropriate confidentiality agreements, excepting only such
disclosures and filings as are required by law.
B. Place and Procedure: The arbitration proceedings will be
conducted in the State of Indiana. Any Claim in any arbitration
will be conducted and resolved on an individual basis only. Any
such arbitration proceeding will not be consolidated with any
other arbitration proceeding involving any other person, except
for disputes involving affiliates of the Parties to the
arbitration. The Parties agree that, in connection with any such
arbitration proceeding, each must submit or file any claim which
would constitute a compulsory counterclaim (as defined by Rule 13
of the Federal Rules of Civil Procedure) within the same
proceeding as the Claim to which it relates. Any such Claim that
is not submitted or filed in such proceeding will be barred.
C. Award and Decisions: The arbitrator will have the right to award
any relief which he/she deems proper in the circumstances,
including, for example, money damages (with interest on unpaid
amounts from their due dates), specific performance, temporary
and/or permanent injunctive
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relief and reimbursement of attorneys' fees and related costs to
the prevailing party. The arbitrator will not have the authority
to award exemplary or punitive damages. The award and decision of
the arbitrator will be conclusive and binding. Judgment on the
award may be entered in any court of competent jurisdiction. The
parties acknowledge and agree that any arbitration award may be
enforced against either, or both of them, in a court of competent
jurisdiction and each waives any right to contest the validity or
enforceability of such aware. Without limiting the foregoing, the
Parties will be entitled in any such arbitration proceeding to
the entry of an order by a court of competent jurisdiction
pursuant to an opinion of the arbitrator for specific performance
of any of the requirements of this Agreement. Judgment on an
arbitration aware may be entered in any court having jurisdiction
and will be binding, final and non-appealable.
D. Exhibits. This Agreement to arbitrate applies not only to any
Claims involving this Agreement, but also any Claims involving
any of the agreements or the instruments attached as exhibits to
this Agreement.
11. That the following miscellaneous items apply:
A. Attorneys Fees, Etc. In any action or dispute at law or in equity
or in arbitration that may arise under or otherwise relate to
this Agreement, the prevailing Party will be entitled to
reimbursement of all its costs and expenses, including reasonable
accounting and attorneys' fees (including, without limitation,
paralegal fees and expenses, court costs and travel and lodging
expenses), whether incurred in arbitration, at trial, on appeal,
in bankruptcy court or in probate court.
B. Background Information and Exhibits. The background information
and the exhibits referred to herein are true and correct. This
Agreement will be interpreted with reference to the background
information and the exhibits.
C. Certain Damages. As used throughout this Agreement, (i) the term
"person" means any corporation, partnership, joint venture, trust
association or other business entity or enterprise or any natural
person; and (ii) an "affiliate" of a person means any other
person that directly or indirectly through one or more
intermediaries, controls, is controlled by, or is under common
control with, such person and includes a person's spouse,
parents, lineal descendants, brothers and sisters, stockholders,
officers, directors and partners.
D. Counterparts. The Parties may sign this Agreement in multiple
counterparts. Each signed counterpart constitutes an original,
and all counterparts constitutes one and the same agreement.
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E. Governing Law and Forum. The validity, construction,
interpretation and enforceability of this Agreement are governed
by the laws of the State of Indiana, excluding conflicts of law
rules. Any disputes under this Agreement, or any action taken to
enforce or determine the rights and obligations of the Parties
under this Agreement, must be brought in the appropriate, federal
and state court located in Indiana, and the Parties submit to the
jurisdiction and waive any objection to the venue, of such
courts, except as required to be submitted to arbitration.
F. Headings and Captions. The titles, headings and captions
preceding the text of each section and sub-section of this
Agreement have been inserted solely for convenient reference and
neither constitute a part of this Agreement nor affect its
meaning, interpretation or effect.
G. Notices. All notices, letters, and communications must be sent to
the Parties at their addresses listed in the preamble to this
Agreement. A Party may change its designated address by mailing a
notice of the change of address to the other party via U.S.
Postal Service. Such change will be effective two business days
after the date of receipt by the other Party.
H. Pronouns and Gender. All terms and words used in this Agreement,
regardless of the number and gender in which they are used, are
deemed to include any other number, singular or plural, and any
other gender, masculine, feminine or neuter, as the context or
sense of this Agreement or any section, subsection, paragraph or
clause may require, as if such words had been fully and properly
written in the appropriate number and gender.
I. Severability. If any of the provisions of this Agreement are held
invalid for any reason, the remainder of this Agreement will not
be affected and will remain in full force and effect in
accordance with it terms.
J. Survival. All representations, warranties, and promises set forth
in this Agreement or the exhibits hereto will survive the closing
or consummation of the Transaction.
K. Third Party Beneficiaries. This Agreement and the Transaction are
meant to benefit only Purchaser and Seller. There are no third
party beneficiaries to this Agreement or to the Transaction.
L. Waiver and Amendment. A waiver or amendment of this Agreement or
any provision of it will be valid and effective only if it is in
writing and signed by, or on behalf of each Party. No waiver of
any portion of this Agreement will operate to constitute a waiver
of any other provision of this Agreement. The failure of any
Party at any time to insist upon strict
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performance of any condition, promise, agreement or understanding
set forth herein will not be construed as waiver or
relinquishment of the right to insist on strict performance of
the same condition, promise, agreement or understanding at a
future time.
12. The Purchaser has obtained the services of ____________________, to act
as Escrow Agent for this transaction. Purchaser and Seller hereby agree to
instruct the Escrow Agent to release all funds payable to the Seller within two
(2) business days after the Escrow Agent has received all required documents and
verifications necessary to consummate this transaction.
13. Confidentiality; Purchaser agrees that except as otherwise allowed or
required by law, Purchaser, its owners, principals and employees shall not
disclose Seller's or insured's identity to any other person or entity unless the
disclosure is (1) necessary to effect the transaction, (2) is provided as a
response to an investigation by a Government Agency or (3) is a term or
condition of the terms of the transfer of this policy to a subsequent purchaser
of this policy.
Intending to be bound, the Parties have signed this Agreement effective the
Effective Date, regardless of the actual dates of their signature:
SIGNATURES NEXT PAGE
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WITNESSES:
UNITED FUNDS, LLC
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WITNESS Signature
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WITNESS Printed Name Authorized Officer
UNITED FUNDS, LLC, a Delaware limited
liability company
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WITNESS Signature
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WITNESS Printed Name
I hereby certify that on this day personally appeared before me
_________________________, who executed the foregoing document and said party
acknowledged before me that the same was executed for the purposes therein
expressed.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal in
the aforesaid county and state, this ____ day of ____________________, 2000.
__________ personally known
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__________ produced identification Notary Public
ID _________________________ My commission expires:
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WITNESS Signature Owner Signature:
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WITNESS Printed Name
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WITNESS Signature
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WITNESS Printed Name
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STATE OF __________________________________)
COUNTY OF ________________________________)
I hereby certify that on this day personally appeared before me
_________________________, who executed the foregoing document and said party
acknowledged before me that the same was executed for the purposes therein
expressed.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal in
the aforesaid county and state, this ____ day of ____________________, 2000.
__________ personally known
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__________ produced identification Notary Public
My commission expires:
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United Funds, LLC - Purchase & Sale Agreement
EXHIBIT "A" to LIFE INSURANCE POLICY PURCHASE AND SALE AGREEMENT
SETTLEMENT STATEMENT
The following data applies to the Life Insurance Policy Purchase and Sale
Agreement for the sale and purchase of the following life insurance policy:
Issuer:
Policy/Certificate No:
except as defined in this Summary, the capitalized terms herein have the meaning
given to them in the Agreement:
Face Value: $
NET PURCHASE PRICE (Net amount paid to Seller): $
WITNESSES:
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WITNESS Signature Owner Signature:
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WITNESS Printed Name
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Witness Signature
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WITNESS Printed Name
STATE OF )
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COUNTY OF )
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I hereby certify that on this day personally appeared before me , who executed
the foregoing document and said party acknowledged before me that the same was
executed for the purposes therein expressed.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal in
the aforesaid county and state, __________ this day of ___________, 2000.
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Personally known Notary Public
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produced identification My commission expires:
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United Funds, LLC, 000 X. Xxxx Xxxxxx, XXX 0000, Xxxxxxxxxxxx, Xxxxxxx 00000
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United Funds, LLC - Purchase & Sale Agreement
EXHIBIT "B" to LIFE INSURANCE POLICY PURCHASE AND SALE AGREEMENT
INSURANCE POLICY ASSIGNMENT
THIS INSURANCE POLICY ASSIGNMENT, (This "Assignment") is made by the following
party(ies) (the "Assignor"):
in favor of the following party ("Assignee"):
Transfer: The Assignor hereby assigns, sells, sets over and transfers to the
Assignee all right, title and interest (including any beneficial or
beneficiary's right or interest) in and to that certain life insurance policy
(the "Insurance Policy") which insures the Assignor's Life, issued by the
following life insurance policy:
Issuer:
Policy/Certificate No:
Absence of Liens: The Assignor hereby warrants that the Insurance Policy is free
and clear of any and all liens, security interests, claims and encumbrances.
Consideration: The Assignor acknowledges it has received sufficient, good and
valuable consideration for the Insurance Policy.
Title: Title to the Insurance Policy is vested in the Assignee on the date that
the Assignor executes this Agreement.
WITNESSES:
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Owner Signature:
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WITNESS Signature
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WITNESS Printed Name
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Witness Signature
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WITNESS Printed Name
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Date
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STATE OF )
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COUNTY OF )
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I hereby certify that on this day personally appeared before me , who executed
the foregoing document and said party acknowledged before me that the same was
executed for the purposes therein expressed.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal in
the aforesaid county and state, this day of , 2000.
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Personally known Notary Public
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produced identification My commission expires:
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United Funds, LLC, 000 X. Xxxx Xxxxxx, XXX 0000, Xxxxxxxxxxxx, Xxxxxxx 00000
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United Funds, LLC - Purchase & Sale Agreement
EXHIBIT "C" to LIFE INSURANCE POLICY PURCHASE AND SALE AGREEMENT
BENEFICIARY'S ASSIGNMENT
THIS ASSIGNMENT ("Assignment") entered into this day of __________, _______
2000, by the beneficiary of the life insurance policy designated by the
following:
Policy Number:
Insurance Company:
Owner(s):
Hereinafter referred to as "Owner or Owner Group"
Assignee:
WHEREAS, Owner or Owner Group desires to assign all right and title to the above
mentioned policy to the Assignee for value, And
WHEREAS, In order to effectuate said Assignment it is necessary for
Beneficiary(ies) to assign his/her/their interest as beneficiary(ies) to the
aforementioned policy.
NOW THEREFORE; Beneficiary(ies), in consideration of the Assignee's promise to
purchase the aforementioned Insurance Policy hereby agrees as follows:
1. The Beneficiary(ies) is/are over the age of eighteen (18).
2. Title to all of Beneficiary's right and interest in said insurance
policy shall vest in Assignee upon execution of this Assignment.
3. The Beneficiary(ies) relinquish(es) any and all interest he/she/they
might have in said policy and consents to Owner's or Owner Group's
assignment.
4. The Beneficiary(ies) is/are not under any duress or coercion in entering
this Assignment.
IN WITNESS WHEREOF, this Assignment was executed the date and year first above
written.
WITNESSES:
THE BENEFICIARY(IES);
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WITNESS Signature
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WITNESS Printed Name
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Witness Signature
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WITNESS Printed Name
STATE OF )
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COUNTY OF )
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I hereby certify that on this day personally appeared before me _________, who
executed the foregoing document and said party acknowledged before me that the
same was executed for the purposes therein expressed.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal in
the aforesaid county and state, this day of , 2000.
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Personally known Notary Public
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produced identification My commission expires:
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United Funds, LLC, 000 X. Xxxx Xxxxxx, XXX 0000, Xxxxxxxxxxxx, Xxxxxxx 00000
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United Funds, LLC - Purchase & Sale Agreement
EXHIBIT "D" to LIFE INSURANCE POLICY PURCHASE AND SALE AGREEMENT
LETTER OF COMMUNICATION
Date:
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Communications Dept.
United Funds, LLC
000 X. Xxxx Xxxxxx, XXX 0000
Xxxxxxxxxxxx, XX 00000
Please be advised that my residence is:
Address:
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Telephone
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Medical Physician's Name
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Medical Physician's Address
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Medical Physician's Phone ( )
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Status Treatment/Medication:
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Insured's Signature
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Date
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United Funds, LLC, 000 X. Xxxx Xxxxxx, XXX 0000, Xxxxxxxxxxxx, Xxxxxxx 00000
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United Funds, LLC - Purchase & Sale Agreement
EXHIBIT "E" to LIFE INSURANCE POLICY PURCHASE AND SALE AGREEMENT
LIST OF RELATIVES AND FRIENDS
The following is a list of Relatives and Friends whom I have informed and urged
to discuss with the appropriate staff members of United Funds, LLC, my medical
status and residence.
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Insured's Signature: Date
STATE OF )
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COUNTY OF )
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I hereby certify that on this day personally appeared before me , who executed
the foregoing document and said party acknowledged before me that the same was
executed for the purposes therein expressed.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal in
the aforesaid county and state, this day of , 2000.
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Personally known Notary Public
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produced identification My commission expires:
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United Funds, LLC, 000 X. Xxxx Xxxxxx, XXX 0000, Xxxxxxxxxxxx, Xxxxxxx 00000
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United Funds, LLC - Purchase & Sale Agreement
EXHIBIT "F" to LIFE INSURANCE POLICY PURCHASE AND SALE AGREEMENT
LIST OF BENEFICIARIES
THIS ASSIGNMENT ("Assignment") entered into this day of , 2000, by the
beneficiary of the life insurance policy designated by the following:
Policy Number:
Insurance Company:
Insured:
The following is the complete and unaltered list of beneficiaries
of the above policy:
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Owner Signature: Date:
STATE OF )
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COUNTY OF )
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I hereby certify that on this day personally appeared before me , who executed
the foregoing document and said party acknowledged before me that the same was
executed for the purposes therein expressed.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal in
the aforesaid county and state, this day of , 2000.
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Personally known Notary Public
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produced identification My commission expires:
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United Funds, LLC, 000 X. Xxxx Xxxxxx, XXX 0000, Xxxxxxxxxxxx, Xxxxxxx 00000
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United Funds, LLC - Purchase & Sale Agreement
EXHIBIT "G" to LIFE INSURANCE POLICY PURCHASE AND SALE AGREEMENT
LIST OF BENEFICIARIES
TO WHOM IT MAY CONCERN:
This is to authorize you to furnish a death certificate for the following
individuals to UNITED FUNDS, LLC:
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Signature of Relative Date:
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Printed Name
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Relationship
STATE OF )
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COUNTY OF )
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I hereby certify that on this day personally appeared before me , who executed
the foregoing document and said party acknowledged before me that the same was
executed for the purposes therein expressed.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal in
the aforesaid county and state, this day of , 2000.
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Personally known Notary Public
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produced identification My commission expires:
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United Funds, LLC, 000 X. Xxxx Xxxxxx, XXX 0000, Xxxxxxxxxxxx, Xxxxxxx 00000
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United Funds, LLC - Purchase & Sale Agreement
EXHIBIT "H" to LIFE INSURANCE POLICY PURCHASE AND SALE AGREEMENT
CERTIFICATION OF COMPETENCY
PART 1 - NON-MEDICAL CERTIFICATION (must be completed):
TO WHOM IT MAY CONCERN:
It is my opinion that the following individual(s) is (are) of sound mind and is
(are) competent to conduct his / her / their own affairs:
It is my further opinion that this individual is not subject at this time to any
constraint or undue influence.
THE UNDERSIGNED HEREBY CERTIFIES the above is true and correct as of this date.
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Signature of Witness Date
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Printed Name of Witness
PART II - MEDICAL CERTIFICATION (to be
completed only if Seller(s) is (are)
suffering from one or more significant
illnesses):
As a physician, it is my opinion that this individual is not subject at this
time to any constraint or undue influence.
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Signature of Physician Date
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Printed Name of Physician
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United Funds, LLC, 000 X. Xxxx Xxxxxx, XXX 0000, Xxxxxxxxxxxx, Xxxxxxx 00000
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United Funds, LLC - Purchase & Sale Agreement
EXHIBIT "I" to LIFE INSURANCE POLICY PURCHASE AND SALE AGREEMENT
AUTHORIZATION TO RELEASE MEDICAL INFORMATION
I hereby authorize any physicians, medical personnel, clinics, hospitals,
medical centers, medical bureaus, and related institutions to release to UNITED
FUNDS, LLC or its authorized personnel any information concerning my health of
physical condition.
I agree that this authorization is valid for ten years from the date signed, and
that photocopy of it is a valid representation of the original.
Consideration for this authorization is represented by the monies paid to the
Seller pursuant to the body of this Life Insure Policy Purchase and Sale
agreement.
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Insured's Signature
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Date
STATE OF )
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COUNTY OF )
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I hereby certify that on this day personally appeared before me , who executed
the foregoing document and said party acknowledged before me that the same was
executed for the purposes therein expressed.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal in
the aforesaid county and state, this day of , 2000.
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Personally known Notary Public
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produced identification My commission expires:
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United Funds, LLC, 000 X. Xxxx Xxxxxx, XXX 0000, Xxxxxxxxxxxx, Xxxxxxx 00000
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