QUOTE(sl3ge @ Jun 9 2019, 09:53 PM)
Any insurance expert here?
My GE now paying quarterly, if i change it to monthly(and let JOP autobill)
will it effect my GE cash value in future?
because last time i am GE agent,
and i use their software to generate my future cash value return table,
quarterly is higher than monthly.
is it due to processing fee or anything else?
Not expert, just share my knowledge told by my agent, correct me if I'm wrong if any expert here. My GE now paying quarterly, if i change it to monthly(and let JOP autobill)
will it effect my GE cash value in future?
because last time i am GE agent,
and i use their software to generate my future cash value return table,
quarterly is higher than monthly.
is it due to processing fee or anything else?
For those investment link product, if you change your frequency mode of payment i.e from annual to half year or quarter or monthly it won't affect your premium payment amount as it's divided accordingly.
But for those non investment link product, you'll be charged processing fee: 0%for annual, 2% for half year, 3% for quarter and 5% for monthly.
And for those who plan to change to monthly mode, it won't effect immediately next month, it will only effect on your next policy anniversary date.
Jun 10 2019, 07:44 PM

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