When my Plan Dividend payment was applied to my policy account value at Hartford, was the paid amount subject to a new surrender charge scale?
No, the money applied to the policy account value did not trigger a new surrender charge scale. However, checks endorsed over to Hartford will be subject to a new surrender charge schedule under the following limited circumstance: (a) the Trust issued a direct Plan Dividend payment to you, and (b) you subsequently endorsed the Trust’s payment over to Hartford for deposit into your Hartford policy account.
Related Questions
- I have paid using my Moneybookes account, but I did not receive my invoice and also my credit was not applied at the same time of payment. Why?
- Can I close my Direct Stock Purchase and Dividend Reinvestment Plan account or sell a specified number of shares, and keep my account open?
- When my Plan Dividend payment was applied to my policy account value at Hartford, how is interest credited on the new funds?
