{"id":29,"date":"2016-06-27T22:24:52","date_gmt":"2016-06-27T22:24:52","guid":{"rendered":"http:\/\/www.groupbff.com\/StructuredSettlement\/?page_id=29"},"modified":"2016-07-06T23:22:04","modified_gmt":"2016-07-06T23:22:04","slug":"refund-of-single-premium","status":"publish","type":"page","link":"https:\/\/finkelsteinstructures.com\/?page_id=29","title":{"rendered":"Refund of Single Premium"},"content":{"rendered":"<p><span style=\"font-family: arial, helvetica, sans-serif; color: #000000;\">Typically a life insurance company will refund the single premium deposited without interest in cases where the settlement is not finalized for bona fide reasons. A bona fide reason includes any reason out of the control of one of the two parties such as the failure to obtain a favorable advance tax ruling from CCRA (Revenue Canada) \u2013 which is rarely needed these days &#8211; or the failure to obtain Public Trustee approval or Court approval.<img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-87 alignright\" src=\"http:\/\/www.groupbff.com\/StructuredSettlement\/wp-content\/uploads\/2016\/06\/key.gif\" alt=\"key\" width=\"136\" height=\"274\" \/><br \/>\n<\/span><\/p>\n<p><span style=\"font-family: arial, helvetica, sans-serif; color: #000000;\">However, in a situation where it is established that one of the two parties (usually the plaintiff) has a change of mind and wishes to select a different arrangement, the life insurance company reserves the right to apply a market value adjustment to the amount refunded.<br \/>\n<\/span><\/p>\n<p><span style=\"font-family: arial, helvetica, sans-serif; color: #000000;\">Any situation where the necessary legal documentation is not finalized has to be examined individually.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Typically a life insurance company will refund the single premium deposited without interest in cases where the settlement is not finalized for bona fide reasons. A bona fide reason includes any reason out of the control of one of the two parties such as the failure to obtain a favorable advance tax ruling from CCRA &#8230; <a title=\"Refund of Single Premium\" class=\"read-more\" href=\"https:\/\/finkelsteinstructures.com\/?page_id=29\">Read more<span class=\"screen-reader-text\">Refund of Single Premium<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-29","page","type-page","status-publish"],"_links":{"self":[{"href":"https:\/\/finkelsteinstructures.com\/index.php?rest_route=\/wp\/v2\/pages\/29","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finkelsteinstructures.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/finkelsteinstructures.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/finkelsteinstructures.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finkelsteinstructures.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29"}],"version-history":[{"count":3,"href":"https:\/\/finkelsteinstructures.com\/index.php?rest_route=\/wp\/v2\/pages\/29\/revisions"}],"predecessor-version":[{"id":127,"href":"https:\/\/finkelsteinstructures.com\/index.php?rest_route=\/wp\/v2\/pages\/29\/revisions\/127"}],"wp:attachment":[{"href":"https:\/\/finkelsteinstructures.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}