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Lloyds of Lubbock
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This is from a company report, the numbers were taken from VS
The interesting part to me is that carriers tend to brag about liquidity & many agents point to standards comparative report & liquidity.
If so much is tied up in long term bonds & so little matures/expires each year, how is so much of it considered "liquid". Sure, they can sell at a loss or prior to maturity, but i think most agents misunderstand "liquid", possibly myself included to some extent
Penn Mutual, 1974 Whole Life policy. Loan Rate 6%Penn also has various loan rates depending on product and year of purchase.
So if you bought a whole life policy in 1989, your loan rate is 9.25%.
But if you bought a WL policy in 2012, your loan rate is 5.00%.
I don't know what the methodology is behind it all.
View attachment 10567
Exactly like that.
The irony, is Penn bashes other IUL carriers who do that with IUL. Their whole story is "we use a portfolio rate".
So they dont do it with IUL... but they do it with WL?
Maybe someone can come along and let us know what the dividend is on the old block.