Historical Whole Life Comparison

Historical Whole Life Comparison

Over the course of the past several weeks, we looked at real whole life policies and evaluated their real policy performance.  We specifically looked at cash value accumulation comparing original projections of non-guaranteed values to the actual performance of the policies.  Every policy spans a timeline of around 10 years.  we used internal rate of …

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What is a Life Insurance Dividend?

What is a Life Insurance Dividend?

A life insurance dividend is a non-guaranteed payment from the insurance company to the policy owner representing profits the company earned during the policy year.  Insurance companies often view dividends as a sharing of the surplus created by their insurance activities among policyholders whose insurance contracts generate profits beyond the insurer’s expectations. A dividend also …

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Cash Value Life Insurance, What You Need To Know

Is Cash Value Life Insurance Right For You?

Cash value life insurance, also known as universal life or whole life insurance, is a form of life insurance that builds cash value. You can use this cash value for a number of different options including pay premiums due, withdraw a portion of the cash to use as retirement income, or surrender the entire policy …

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How are Whole Life Insurance Dividends Calculated?

How are Whole Life Insurance Dividends Calculated?

Reversing the process for calculating the payable dividend on a whole life insurance policy is nearly impossible given the proprietary nature of life insurers.  This said we can use several pieces of information to at least create an approximation on the correctness of the dividend earned on a whole life policy in any given policy …

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Can I Borrow Against my Life Insurance?

Can I Borrow Against my Life Insurance?

If you are looking to borrow against your life insurance you have to ensure that you have the correct type of policy and that your policy has cash surrender value.  Once you determine that you have a type of life insurance that permits borrowing and that you have cash value against which you can borrow, …

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New York Life Life Announces 2021 Dividend

New York Life 2021 Dividend Rate

The New York Life Insurance Company announced today its plans to pay participating policyholders around $1.8 billion in dividends in 2021.  This payment represents a $100 million total dividend payment decline to all participating policyholders over the 2020 payment. In a press release, New York Life’s Chariman and CEO expressed his confidence in New York …

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Ohio National Life Announces 2021 Dividend

Ohio National 2021 Dividend

The Ohio National Life Insurance Company announced its plans to pay participating policyholders around $100 million in dividends in 2021.  This payment roughly the same total dividend payment to all participating policyholders in 2020. In a press release, Ohio National’s President and COO noted the current low interest rate environment’s impact on dividends given adjusted …

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