PrivClientSG
Guru
- 325
What interest rates are you seeing with settlement options for death claims (where you "temporarily" leave the proceeds with the insurance company at a stipulated/guaranteed interest rate -- which is guaranteed for the year, and then re-calculated on settlement anniversary)? The interest rate was always very favorable -- when interest rates were at all-time lows, LOL -- but I don't see them going up at all.
I had one death claim with Mass Mutual in 2021 and the interest rate was 4.5%. Guardian was at 4%. Now interest rates have gone up substantially, but neither company moved. OK, I get it. However, in the past I've seen the increase. Thanks.
I had one death claim with Mass Mutual in 2021 and the interest rate was 4.5%. Guardian was at 4%. Now interest rates have gone up substantially, but neither company moved. OK, I get it. However, in the past I've seen the increase. Thanks.