Although I am thankfully not affected by issues with this company - it brings up questions re: state guarantee that I wonder if someone (ie Stinky!) can answer. (I did follow the link but don't think it answered these particulars)
1) in general will the final payment include ongoing interest? Or does it "freeze" value at some point and then just sit there while it all gets sorted out?
2) if you have a guaranteed life benefit (GLWB) that you haven't activated and another company picks up the policy - can you still activate in the future? Or do you just get the Surrender value (which is often quite low b/c ongoing fees for the rider)?
3) if you just gets surrender value - does that "include" the loss from any fees for early surrender?
thanks - hope these questions "make sense"
1) in general will the final payment include ongoing interest? Or does it "freeze" value at some point and then just sit there while it all gets sorted out?
2) if you have a guaranteed life benefit (GLWB) that you haven't activated and another company picks up the policy - can you still activate in the future? Or do you just get the Surrender value (which is often quite low b/c ongoing fees for the rider)?
3) if you just gets surrender value - does that "include" the loss from any fees for early surrender?
thanks - hope these questions "make sense"
Statistics: Posted by newtoseattle — Wed Jan 01, 2025 11:34 am