Does anyone know the approximate current loan rate for Guardian WL?
- Thread starter T in CA
- Start date
Lloyds of Lubbock
Guru
- 714
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.
- 10,329
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.
- 11,277
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:
