Dividend announcements

[PrivClientSG]

As someone who sold ohio national whole life I want to share the joys of a recent annual review. Male, standard NT, 19k annual premium in a 10 pay. Ran an in force ledger and the dividend in year 11 is............. 23 bucks.

Wait, just to clarify -- originally it illustrated as a 10-pay? Not a 10-pay product, right? So now you are how many years in? On the original illustration, what was the projected dividend and cash value in year 10? And what are they now X number of years in?

Is the inforce still showing the "no out of pocket" premium in year 11? Your inforce ledger is showing a dividend in year 11 of $23? Makes little to no sense. Thanks in advance for the clarification.

 

[DWPCL]

Wait, just to clarify -- originally it illustrated as a 10-pay? Not a 10-pay product, right? So now you are how many years in? On the original illustration, what was the projected dividend and cash value in year 10? And what are they now X number of years in?

Is the inforce still showing the "no out of pocket" premium in year 11? Your inforce ledger is showing a dividend in year 11 of $23? Makes little to no sense. Thanks in advance for the clarification.

No. Its a 10 pay product. Year 5, and I'd hav to dig for the original illustration. It I think it illustrated at around $2300 divident in year 11.

 

[DWPCL]

Is he not insurable? How would the current cash value look in single pay no lapse UL or IUL. Just wondering if he could get more guaranteed death benefit now that cash performance design has been taken from him

There has been a change of health.

 

[PrivClientSG]

No. Its a 10 pay product. Year 5, and I'd hav to dig for the original illustration. It I think it illustrated at around $2300 divident in year 11.

Got it Thanks. So 10-pay product, and you are 5 years in. Yes, I absolutely would check out that original illustration. What do you attribute this exponentially drastic change to? Thanks.

 

[DWPCL]

Got it Thanks. So 10-pay product, and you are 5 years in. Yes, I absolutely would check out that original illustration. What do you attribute this exponentially drastic change to? Thanks.

They demutualized.

 

[PrivClientSG]

They demutualized.

I am aware of that. However, I wouldn't expect a complete evaporation of the dividend on an entire block of business that was pre-demutualization. Thanks again for posting this.

 

[scagnt83]

Guardian - 6.10%

a 20bps increase

 

[DWPCL]

I am aware of that. However, I wouldn't expect a complete evaporation of the dividend on an entire block of business that was pre-demutualization. Thanks again for posting this.

Yeah... I was hoping it would look similar to Mets demutulization. Major bummer.