E. Verification 1. Whether the policy is participating or non-participating. If this information is not printed on the policy, request verification from the insurance company. The face value was printed on the original policy when it was issued. If the IMC knows the policy is participating, verification requests to the insurance company should ask for face value minus any dividend additions to face value.
Face value includes increases in the face value as part of original policy contract.
This is evidenced by a graduated face value table printed on the original policy. If the actual paper policy issued by the life insurance company is NOT available, contact the life insurance company to verify the items listed in a. through g. above. See sample letter, figure 1 . Verifying a Participating Policy a. If the policy is participating and pays dividends verify how dividends are paid as it may affect the cash or face value of the policy.