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Rae Pontello and Frank Pontello that would be issued to the
family trusts. The SDIAs remained in effect through 1998.
In the SDIAs, the family trusts and NHF agreed that, if NHF
paid about $93,000 of the annual premiums, NHF and the family
trusts would become entitled to the following initial death
benefits:
NHF’s
portion Trusts’ Trusts’
of portion of percentage
Initial initial initial of initial
death death death death
Policy benefit benefit benefit benefit
Western Reserve
Life Assurance
policy no. $750,000 $750,000 50
01B0349122 $1,500,000
(WRL
01B0349122)
Western Reserve
Life Assurance
policy no. 820,000 880,000 52
01B0349121 1,700,000
(WRL
01B0349121)
Bankers United
Life Assurance
policy no. 750,000 69,672 8
B140145 819,672
(BUL B140145)
Bankers United
Life Assurance
policy no. 820,000 487,531 37
B140146 1,307,531
(BUL B140146)
The family trusts agreed to pay any premiums due on those
insurance policies. The amounts of the death benefits payable to
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Last modified: May 25, 2011