The only taxable portion of dividends is the interest earned if the dividend option is to accumulate with interest. 1099-INT forms are mailed on or before January 31st.

You may qualify for a rate reduction if the policy is an eligible level term policy and you did not receive the premium class quoted due to a specific condition. If the condition has improved consistently for 12 months or longer, the insured may apply for a better rate by completing the Request for Rate Reduction Form. If approved, Customer Service will notify the owner, in writing, of the new premium rate. If declined, the owner will be notified, in writing, by the Underwriting Department.

Once the insured has quit smoking for 12 months or longer, they may apply for non-smoker rates by completing the Request for Rate Reduction Form. The form will be reviewed by the Underwriting Department. If approved, Customer Service will notify the owner, in writing, of the new premium rate. If declined, the owner will be notified, in writing, by the Underwriting Department.

The owner must complete the Surrender section of the Policy Change Request Form and return the policy to our Customer Service Center. If the owner no longer has the policy they must complete the Request for Certificate of Insurance/Duplicate Policy Form which must be notarized. The termination date of the policy will be as of the date the Company received all required documents. If you have a term insurance policy with no dividend value, your policy will automatically terminate 60 days from the paid to date.

Complete the Transfer of Ownership section of a Policy Change Request Form and mail the completed and signed form to us at the address at the top of the form. The new owner is also required to sign the form.

If the current owner is deceased, a copy of the death certificate must accompany the request form.

If the insured is over the age of 15 and is not going to be the new owner, they are required to authorize the change. The new owner must have an insurable interest in the life of the insured.

The policy owner is the person that has all the contractual rights to the policy. They authorize any changes to the policy and receive values associated with the policy, such as dividends.

Complete the Change of Name section of a Policy Change Request Form and mail the completed and signed form to our  Customer Service Center.

You must include proper documentation for all name changes other than by marriage or divorce. The change cannot be processed without such proof.

We will send confirmation of the name change to you at your address of record.

If the owner has received the Dividend/Interest Statement, they can pay off the loan balance and interest as shown on the statement. If paid by the policy anniversary, there will be no further interest charged. If the owner has not received the Dividend/Interest Statement, as it is not 30 days prior to the policy anniversary, please contact our Customer Service Center for the loan payoff amount. Please be sure to specify when you will pay the loan as interest accrues daily.