PHIL’S CORNER: 2021 Policy Dividend – a Loyalty Reward
PHIL’S CORNER: 2021 Policy Dividend - a Loyalty Reward The OAMIC Board of Directors recently declared a policy dividend of approximately 5% of the earned premium for annual policy limits up to $1 million. This equates to about $448,000 to be paid to policyholders who have a current policy as of the Dec. 31, 2021, record date. I like to think of this year’s divided as a reward to those loyal policyholders. It is also a means to reduce your net cost...