Whether the policy will be null and void will be dependent on the severity of the non disclosure. If the condition is not that serious, the application may need to be reviewed with exclusions and or loading. It is then up to the client whether to accept the exclusion and/or loading.

But yes, should it be null and void, the policy will not be continued, hence no payment is needed.

Upon detection of non-disclosure, the policy will be temporary terminated and the policy will be re-underwrite. Shall the severity is not serious, loading or exclusion will be imposed. Upon client's consent is gotten, the policy will be reinstated and protection will be continue.

Shall the severity is serious, the policy will be null and void.

In both cases, upon investigation and the policy is temporary terminated, Great Eastern wouldn't ask for premium. However, shall the policy reinstated in the future, policyholder have to pay for the premium that has skipped.

The premiums paid will be refunded, minus any claims. Once the policy is close, no transactions are allowed.

Since you have gotten back all the premium paid, there will be no withdrawal of cash value.