Assuming Banner did it since William Penn. This is that cost that's not supposed to go up. It went up.
Haven't heard of any other companies doing this?
They had a GUL that built some cash value in the non-guaranteed column so you can say goodbye to that cash. The GUL will stay in-force however.
Those old under funded UL's from the end of the high interest era. They're going to be a problem.
Again I only heard about the one company doing this but I'm sure the others are watching.
Source of insurance-forums.net
Haven't heard of any other companies doing this?
They had a GUL that built some cash value in the non-guaranteed column so you can say goodbye to that cash. The GUL will stay in-force however.
Those old under funded UL's from the end of the high interest era. They're going to be a problem.
Again I only heard about the one company doing this but I'm sure the others are watching.
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