FDLIC Applies Bonus Growth to New Business in the 1st Quarter
Wednesday, April 13, 2011
During the first quarter of 2011, FDLIC posted returns on new investments that exceeded expectations. With better-than-anticipated yields, FDLIC has increased growth rates on policies sold during the first quarter of 2011 by an average of 12%. All Pinnacle, Paramount, and Active Series policies will receive an additional .25% annualized bonus growth factor on business written in the first quarter and in-force at the time the bonus growth is applied.
"We really feel blessed to help our funeral homes in this way during these uncertain economic times," said Kris Seale, FDLIC's President and CEO. "In addition to maintaining our growth rates on existing policies written before 2011, we are now able to apply a bonus to growth on new business sold in the first quarter. We are pleased not only that our investments performed better than expected, but that our clients will benefit, too."
FDLIC expects to apply the bonus growth to policies sometime in early May of 2011. The company will continue to monitor and assess the investment climate and actual investment results on a quarterly basis.
FDLIC, rated A- (Excellent) by A.M. Best Company, is a legal reserve life insurance company which specializes in the sale of insurance-funded preneed funerals.