November 19, 2014 - A live Video Teleconference produced by the Society of Financial Service Professionals for Chapter use.
Actually at the point where the cumulative dividends exceeded the cumulative premium outlay, the company should have been sending out a 1099 annually and the excess dividends...
Thanks Bruce and Mike who responded directly....I shoulda known the WL Dividend is a "return of premium" was with Pru for long enough :) . Thanks for the reminder.... also...
Dividends are a return of excess premium. If they purchased additional insurance, the cost basis would rise. Using them as cash reduces the basis.
State Farm Insurance Co
The Stanley-Laman Group Ltd
I had the great honor of sitting at the end of...