How are endorsements applied to the account?
Endorsements onto accounts usually mean that the customer has deleted vehicles, reduced his coverage, or some type of change that caused an overpayment onto the policy, which is returned to us as an endorsement. As a result the endorsements cause the customer’s payments to be revised, which usually mean lower monthly payments. Endorsements are not counted as a monthly installment.
Related Questions
- 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?
- When my Plan Dividend payment was applied to my policy account value at Hartford, how is interest credited on the new funds?
- How are endorsements applied to the account?
