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What will happen if my policy matures before July 31, 2008, the Option 1 election date?

April 26, 2017election july 31 2008 matures option policy

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What will happen if my policy matures before July 31, 2008, the Option 1 election date?

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If a policy matures before the Option Election Deadline, you will receive your allocable share of the death benefit net of your pro rata share of the amount of premium payments that the Funder has advanced since September 1, 2007, and related Funder and Policyowner expenses.