NDR Fixed Rate Loan
- Thread starter DWH
- Start date
- 10,326
Lots of ULs have them. But for a fixed ndr loan on a WL im not sure.
- 11,275
Haven't heard of it. The closest I know of is MassMutual. However, when you choose a fixed loan rate, the POLICY is no longer NDR.
From what I've seen, only with a variable rate loan can a whole life policy be NDR.
From what I've seen, only with a variable rate loan can a whole life policy be NDR.
Lloyds of Lubbock
Guru
- 714
At Mass if you opt for a fixed loan, it is direct recognition.
Direct Recognition should not be a deal breaker, it does offer protection for the client.
Guardian on fixed loan rates are 6% going down to 4% later of 20 years or age 65.
If interest rates are rising, that 4% loan rate is pretty.
Now the loan will affect the dividend.
Currently on a loaned policy from Guardian the loaned dividend is larger than the unloaned dividend.
You always have the option of getting a cash value backed loan from a company like
www.kensingtonfa.com, or a Valley National
Direct Recognition should not be a deal breaker, it does offer protection for the client.
Guardian on fixed loan rates are 6% going down to 4% later of 20 years or age 65.
If interest rates are rising, that 4% loan rate is pretty.
Now the loan will affect the dividend.
Currently on a loaned policy from Guardian the loaned dividend is larger than the unloaned dividend.
You always have the option of getting a cash value backed loan from a company like
www.kensingtonfa.com, or a Valley National
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