Yes. They issued a new WL line in 2008, another after the recent 7702 updates.
Only those 2 products get the published Dividend of 5.75%
Older policies got screwed.... at the expense of the new policy holders.
They paid out 105% of their life earnings in Dividends in 2022. 154% in 2020.
I wonder if 2023 will remain over 100% of their revenue.... ??!!!
Better hope that BD stays profitable..... not a business model Im fond of anymore.
It's kind of like what certain IUL carriers do when a new product comes the older policies get screwed at the benefit of new products