Dividend Scale Interest Rate How Does It Work For Whole Life Insurance Canada?

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What are Whole Life Insurance dividends? How do they work? What is the Dividends Scale interest Rate and how does it actually show up in a policy? These are great questions and you are in for a treat as Jayson and Richard go on a rant in a rare episode where they share the screens and show a sample life insurance illustration. They use this to debunk some myths about dividend rates and rates of return that are commonly referred to as financial noise out there in the marketplace. Learn what really matters in an insurance contract as they prove to you that it's the owners' behaviors that have the single greatest impact to the values in a policy contract and that the owner by their own efforts can increase the power of dividends they receive.

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Links From The Video:
The Contribution Principle Dividend Policy
https://www.equitable.ca/en/already-a-client/dividend-policy-2020/
Stock Company #1 - Dividend Policy https://www.sunlife.ca/en/explore-products/insurance/life-insurance/participating-and-adjustable-policyholder-information/dividend-policy/
Stock Company # 2 - Dividend Policy -https://www.canadalife.com/content/dam/canadalife/documents/insurance/par-whole-life-insurance/en/Policyholder_Dividend_Policy.pdf
Fraternal Company # 1 Dividend Policy - https://www.foresters.com/-/media/foresters/documents/pdfs/en-ca/505125-can-us-uk-foresters-dividend-policy.pdf
Actuarial Standards of Practice https://www.actuarialstandardsboard.org/wp-content/uploads/2014/06/asop015_134.pdf

OSFI - Participating Account Management and Disclosure to Participating Policyholders and Adjustable Policyholders
https://www.osfi-bsif.gc.ca/Eng/fi-if/rg-ro/gdn-ort/gl-ld/Pages/e16.aspx

IN THIS EPISODE, YOU WILL LEARN:
0:00 Introduction
2:11 Understanding deeper about Dividend Paying Whole Life Insurances
4:11 The misconception about interest rates
8:18 Dividend Paying Life Insurance Carriers: Mutual vs Stock
13:57 The contribution principle
21:31 Example 1 - Screen Share
47:50 Example 2 - Screen Share
58:24 The historic profitability and resilience of life insurance companies

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