So,
I am not sure I get the concept of a non-mutual company selling a whole life product.
With mutuals, excess profits (for lack of a better way to put it) are paid to the policy holders in the form of policy dividends. What sort of practice do private/investor owned or stock owned insurance carriers have for determining how much interest (or whatever its called) is paid to fuel the growth in the cash value in their whole life policies?
It seems like a lot of former-mutual companies switched to a UL focus when they made the jump to stock companies.
Am I missing something here? Gene
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I am not sure I get the concept of a non-mutual company selling a whole life product.
With mutuals, excess profits (for lack of a better way to put it) are paid to the policy holders in the form of policy dividends. What sort of practice do private/investor owned or stock owned insurance carriers have for determining how much interest (or whatever its called) is paid to fuel the growth in the cash value in their whole life policies?
It seems like a lot of former-mutual companies switched to a UL focus when they made the jump to stock companies.
Am I missing something here? Gene
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