The Proposer can appoint :
I a trustee is not appointed or not existing, official Trustees will be appointed by a competent Government Authority.
The beneficiaries of a life insurance policy affected by the MWP Act can be:
Insurance under the MWP Act is free from
The policy cannot be amended or surrendered
- A person as a trustee
- Two or more persons as trustees
- A corporate trustee, such as bank transacting trustee business
I a trustee is not appointed or not existing, official Trustees will be appointed by a competent Government Authority.
The beneficiaries of a life insurance policy affected by the MWP Act can be:
- The wife alone
- One or more children or
- The wife and one or more children jointly
Insurance under the MWP Act is free from
- Court attachments
- Tax attachments and
- Creditors
The policy cannot be amended or surrendered
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