Announcing New Terminal Dividend Endorsement for Patriot Available 09/24/22
Lafayette Life is proud to announce our new Terminal Dividend Endorsement available for Patriot Whole Life policies!
The Terminal Dividend Endorsement (TDE) will be available for new Patriot applications effective 9/24/2022. The endorsement serves the purpose of providing the policy with a value equal to the total premiums paid upon a full surrender. If elected, the TDE pays a one-time dividend,* if necessary, should the policy owner surrender their contract within the first five policy years. There is no additional cost to add the TDE to Patriot Whole Life. Policies eligible for the TDE must also elect the Single Premium Paid Up Additions Rider (SPUA) at a sufficient value.
* Dividends are not guaranteed. The Terminal Dividend does not impact the cash value of the policy and is not available for loans or partial withdrawals.
Brandon Hamilton, Director of the LLIC Sales Desk, will be hosting two webinars to review the launch of the new endorsement and how it can serve your client’s insurance goals.
Available Webinar Dates:
Tuesday, September 27th at 1:00 p.m. (CT)
Wednesday, September 28th at 1:00 p.m. (CT)