What is the basic General Policy Relief?
(top) The basic General Policy Relief is available for policies that are categorized for the purposes of the settlement as in deferral, in annuitization, or fully annuitized as of the Final Settlement Date. The basic General Policy Relief will not be available for policies categorized as surrendered policies and death benefit policies, or for any policies as to which a claim is submitted to the Claim Review Process. For each eligible policy, the amount of the bonus under the basic General Policy Relief, and how and when it is received, varies depending on the status of the policy. The basic General Policy Relief has two components. The first gives the owner of an eligible policy the opportunity to have the annuitant (or the owner, in the case of a fully annuitized policy) receive a bonus that in most cases is based on the policys accumulation value, and would be received as a part of annuity payments. For a policy in deferral, receiving the bonus requires that the policy be taken out o
