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E. Dr. Durante Policy
The December 28, 1993 and 1994, premiums of $21,996.32 on
the Dr. Durante policy were paid timely, and PUAR was purchased
in each year with additional premiums of $28,003.68. In 1996,
the premium due on December 28, 1995, was paid timely with a
dividend withdrawal of $1,881.58 and a withdrawal of $20,114.74
from the PUAR. In 1997, the premium due on December 28, 1996,
was paid timely with a dividend withdrawal of $1,618.17 and a
withdrawal of $20,378.15 from the PUAR. The premium due on
December 28, 1997, was not paid timely, and the policy lapsed for
nonpayment of the premium. MetLife continued the policy as
nonparticipating paid-up term insurance with a face value of
$1,864,269 through February 1, 2005, at which time it was set to
be depleted of its cash value and thus to terminate without
value.
F. Ms. Quinn Policy
The December 28, 1993 and 1994, premiums of $6,173.67 on the
Ms. Quinn policy were paid timely, and PUAR was purchased in each
year with additional premiums of $5,826.33. In 1996, the premium
due on December 28, 1995, was paid timely with a dividend
withdrawal of $422.06 and a withdrawal of $5,751.61 from the
PUAR. In 1997, the premium due on December 28, 1996, was paid
timely with a dividend withdrawal of $337.18 and a withdrawal of
$5,836.49 from the PUAR. The premium due on December 28, 1997,
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Last modified: March 27, 2008