Crediting rates and dividend rates on permanent life insurance policies are at all-time lows and will likely continue to decrease.
The impact of these rates can be financially devastating for policy owners of permanent life insurance.
Reviewing your permanent life insurance coverage today can help you tomorrow.
There are several reasons a business may want to transfer ownership of a business or corporate-owned life insurance policy.
Before changing the ownership it is important to know the policy’s fair market value, understand any tax issues that may exist upon transferring ownership, and the best way to distribute the policy.
Most insurance companies have announced their 2018 whole life insurance dividend rate and payout for the upcoming year.
This years announcement is trending with continued declines in declared dividend rates for most companies. Some companies have made it easy to learn what the dividend rate will be for the upcoming year. Others, prefer to hide the information or just not publish it at all.
There are certain inevitabilities in life. Like it or not, one of them is death. When our own mortality comes into question there are always challenges and questions we must confront.
The goal of every insured with a permanent life insurance policy should be to die with as little money in their policy as possible.
Taking the time to complete a life insurance policy review can be critical.
Changes to policy dividend and crediting rates can have a significant impact on a policies performance.
Failure to do so can result in a policy lapsing before the insured dies.
Northwestern Mutual announces they will be laying off hundreds of employees by March 31, 2017.
This announcement comes a few months after Northwestern Mutual announced they will be reducing their dividend scale interest rate by more than 8-percent for all Northwestern Mutual dividend based insurance products.
