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Endorsement method
A
method of changing the beneficiary of a life insurance
policy. The change may be made in one of two ways:
(a) The policyowner returns the policy to the insurance
company, and the insurer attaches the endorsement
with the name of the new beneficiary to the policy,
or (b) the policyowner does not send the policy
to the insurer but only requests the change by letter
or telephone, and the insurer sends an endorsement
with the change to the policyowner. |
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