Dividends
The dividend option that accumulates Interest
What is Dividend Option 3?
A product that lasts the insured's whole life as long as premium payments are paid.
What is whole life?
What is EPAL?
The area we send reinstatements to in order to know if the reinstatement is approved or declined.
What is Underwriting?
The frequency that the loan interest is billed.
What is annually?
The dividend option that is applies to the loan
What is Dividend option 6?
Automatic Premium Loan (APL)
What is the name of the loan that pays the premium?
Policy has an expiry date and the plan code is /T.
What is End of Term?
We send the reinstatement from for the specific resident or issue state.
What is the issue state?
The frequency that the loan interest accrues.
What is accrues daily?
The option to use old dividends to pay the premium.
What is DIPP, Dividend Payment Plan?
Special Whole Life, Limited Pay to 65 Money Saver, Limited Pay, Permanent Plan, & Century
What is are the whole life products?
Policy premium was not paid and the policy is running on the cash value. Plan code is /TN
What is Extended Term?
Screens we print to the policy file.
What are INDV AND GAIN ?
The system used to send direct deposits and wires.
What is TAS?
The dividend will be in the hold trailer on this date.
What is 45 days prior to the anniversary?
A change that reduces the death benefit to pay up the policy early. No further premiums.
What is reduced paid up?
Name 2 things to extend a policy protection.
What is decreasing the face amount or increasing the premium?
The loan indebtedness is greater than the true cost.
What is Taxable Non-Forfeiture?
The system we use to find the loan balance for a specific journal date.
What is content navigator? What is INLOAN?
A payment received within 30 days of surrender dividends to pay the premium.
What is a dividend restore?
The verb that is used to run an illustration on a whole life policies.
What is PEPI?
What AL product has to be on anniversary billing?
What is Adjustable Life 4
The letter that is required to be sent out after the premium has not been paid for more than 53 days.
What is the Lapse Letter?
Subtracting the total indebtedness from the loan principal.
What is the accrued loan interest as of specific date?