Direct vs Non Direct Recognition Life Insurance

| May 9, 2019

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Direct Recognition vs Non-Direct Recognition, which one is better? Which one do you want? When an insurance company issues a contract they agree to assume certain risks on behalf of the policyholder in exchange for a premium. One of the risks they have to assume is the risk associated with providing loans to policyholders who want to leverage their death benefit to take a policy loan. 1. They can force ALL policyholders to assume the risk associated when someone takes a policy loan against their policy. (this is called non-direct recognition).

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Medmarc Insurance Group

Medmarc is the superior provider of insurance solutions for manufacturers and distributors of medical technology and life sciences products. We understand this industry's unique and often complex products liability risks. We believe in impartial underwriting and conscientious claims management and create collaborative risk management solutions to meet the evolving needs of each company we insure.

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Spotlight

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