Does anyone know the approximate current loan rate for Guardian WL?
- Thread starter T in CA
- Start date
Lloyds of Lubbock
Guru
- 792
Could be 8% older policies.
Could be 6 % newer policies
Could be 4% depending on the duration of the policy and age of the insured.
Also the spreads change based on the age of the policy.
A policy with a loan may be paying a bigger dividend than a policy without a loan.....no you do not make money by loaning.
The should annouce the 2024 dividend around Thanksgiving along with any spread adjustments.
Could be 6 % newer policies
Could be 4% depending on the duration of the policy and age of the insured.
Also the spreads change based on the age of the policy.
A policy with a loan may be paying a bigger dividend than a policy without a loan.....no you do not make money by loaning.
The should annouce the 2024 dividend around Thanksgiving along with any spread adjustments.
- 11,045
To answer "most WL carriers in general" is really hard.
IF we are talking the 4/5 major mutuals, then its around 5.5%-6%.
Guardian varies.
For newly issued policies, they have a fixed Loan rate of 5% (direct recognition).
Variable (non-direct) is available starting y10 and is the greater of 4% or the Moodys Bond Index Yield.
- 11,574
Penn Mutual was between 5.0% and 5.70% depending on the year the policy was purchased.
OneAmerica is 5.28%.
MassMutual is 5.58% and scheduled to increase next month:
OneAmerica is 5.28%.
MassMutual is 5.58% and scheduled to increase next month:
- 7,322
Just stumbled on this thread. I think I have posted this elsewhere, but not sure.
I hold a whole life Penn Mutual policy purchased in 1975. Its loan rate is 6%.
Lloyds of Lubbock
Guru
- 792
Bring up a 2 year old thread?
You need better hobbies than scouring insurance forums!
You need better hobbies than scouring insurance forums!
- 7,322
It's a communication technique.
Now I have a place to ask you if you have found any good bargains at the big Lisbon flea market lately?
Lloyds of Lubbock
Guru
- 792
You could always send me a message.
I have found the quality of merchandise at these markets to be a bit lacking.
Wandering the streets and going into local shops will get you more interesting items.
Also some of the smaller towns have individual artisan shops that have good selections and the availability to custom make something for you.
I have found the quality of merchandise at these markets to be a bit lacking.
Wandering the streets and going into local shops will get you more interesting items.
Also some of the smaller towns have individual artisan shops that have good selections and the availability to custom make something for you.
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