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Wondered if any of you know if some of The Indirect recognition carriers specifically guarantee in their policy contract language that they will never pay a lower dividend on values collateralized by a loan.
I ask because I saw a carrier that, by current administrative practice is Indirect & they always have been indirect in practice. But actual contract language says they are Direct Recognition & can decide year to year if they pay a lower dividend rate on money encumbered by a loan
I ask because I saw a carrier that, by current administrative practice is Indirect & they always have been indirect in practice. But actual contract language says they are Direct Recognition & can decide year to year if they pay a lower dividend rate on money encumbered by a loan
