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3M 9-62 W.-;' OFFICE LETTER FROM HLK, Jr. DATE August 11, 1964 To AMA RE: Insurance Policies (four) of Miss Gladys Kempner 1. After discussion with Mr. Snyder of American Indemnity Insurance Co., RLK and I decided to allow Term Policy No. 83035 for $10, 000.00 and No. 82462 for $15,000 to lapse without conversion into Whole Life Insurance. RLK suggested that you write Western & Southern, but I will take care of that. 2. Gladys also has two full Life Policies Nos. 83036 for $15, 000. 00 and No.' 83037 for $10, 000. 00. After conference with Mr. Sn rder, and after being ayrised o the fact she is paying one quarter of the premiums for these policies 'she would if she had to switch or buy new ones now, we have decided to continue to pay pre- miums on these policies. Moreover, I think it would be a good idea to write Western & Southern to find out what the following amounts are worth and what they will be during the next ten years assuming that Gladys pays the premiums. a. Total cash surrender value b. Amount of paid up participating policy c. Annual income derivable from cash value (I intend to write Mr. Willis today of Western & Southern at the LaMarque office in reference to the above information). Attached are the bills for this year's premiums for the Whole Life Insurance Policy which I assume you know how to handle. HLK, Jr. /bs encl.
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