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What I wrote were the terms of the TCF Command Protection Loan provision and I was wondering how his death doesnt follow with what they say is an accident when I have an autopsy report showing he did pass suddenly and unexpecdly
If you elect to purchase the TCF Command Protection Loan provision, these terms and conditions are inclused as part of the terms of youe agreement.
Accidental Death Waiver : For the monthly feee shown on pg 7, TCF will waive your indebtedness (up to $50,000) owing under the sgreement upon death resulting directly, and independently of all other causes from an accident. An accident is an unplanned event, unexpected, and undesigned, which occurs suddenly and at a definate place. the monthly fee will not be waived (it will be due) during any deferment period for the deferment events described below. A TCF command protection loan provision is not available on unsecured or non-real estate secured loans or on non real estate secured loans with an original principal amount of $10,000 or less.
We agree to waive the entire remaining outstanding balance you owe to us under this agreement as of the date of your accidental death, up to maximum amount of $50,000 (this is the maximum waiver under this provision, even if you purchase a joint provision for both borrower & co borrower), in the event of your accidental death subject to the limitations stated in this TCF Command Protection Loan provision, The TCF Command Protection Loan provision is also subject to the following exclusions:
death resulting from disease, sickness, bodily or mental infirmity, or medical or surgical treatment of the same
death resulting from suicide while sane or insane;
death resulting from intentionally self-inflicted bodily injury while sane or insane; or
death resulting from war or act of war, whether declared or undeclared.
Waiver means that the indebtedness is no longer due to TCF. No payments are made to you or any other prty. You, your estate, or heirs may incur a federal, state and/or local income tax as a result of the waiver of indebtedness. You should consult your tax advisor.
Educator, Esq: Follow up question: Is the following
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