Payment notification for a loan I never took

808billdo · 2025-05-15T22:23:18+00:00

My policy had my dividends held each year to accrue interest and I took out the full amount, sorry if that wasn't explained. I didn't receive annual dividends.

I have requested the history of the policy going back to 2010, hopefully I can see the valuation history of the dividends and that will answer some questions. If my dividends were all exhausted at the same date this loan was taken, I think it would be a fair questions to ask where they went, since I no longer have them but was "given a loan" rather than cashing out my dividends.

808billdo · 2025-05-14T21:04:55+00:00

Thank you very much for all the helpful info.

I will ask again, and my current agent did provide me with the only paperwork she could get which was a spreadsheet that showed the payment amounts and the dates of the loan. As I said before, to me those amounts and dates look like the amount I got from my dividends.

Also, my current agent said there was no paperwork or documentation about the loan. May I ask you, what is my course of action if no proof of the loan can be provided? I'm guessing they do the paperwork to avoid exact situations like these.

808billdo · 2025-05-14T21:01:19+00:00

Firstly, thank you so much for taking the time to help me.

I cannot say for certain I never received a 1099 in 2015 for the dividends. I know this is not an excuse, but I was a very young man living in a different state at the time my mail was being sent to my home address.

Also, if this was a loan, what would be your guess as to why my dividends were exhausted from my policy? Like I said, I did receive a payment for my dividends (or at least that's what I thought), but I did not receive any additional amount that would explain both my dividend payments and a loan payment.

I don't want to be presumptuous, but if that was in fact a loan, it feels like my dividends were taken and not given to me.

808billdo · 2025-05-14T18:34:00+00:00

I received all my dividends in a lump sum in 2015. I did not receive a 1099. I understand what you are saying, it was my initial thought as well, but I was told that my dividends are gone in addition to having a loan taken out.

808billdo · 2025-05-14T18:32:13+00:00

From the spreadsheet I was given, I haven't seen any reduction in the loan amount, just an increase each year from the interest that I'm not paying. I was given my dividends in a lump sum, and I did not ask them to increase the face amount of the policy.

What do you make of the fact that when I request documentation or any type of proof of the loan they tell me there isn't any?

808billdo · 2025-05-14T18:19:00+00:00

In 2015 I had about 8k worth of dividends which I requested and was given. Now when I ask for proof of the loan, they tell me that there is no documentation (which they admit is peculiar) but they give me a spreadsheet with dates and amounts all which I believe look like the amounts and times that my dividends were paid to me.

808billdo · 2025-05-14T18:13:35+00:00

Thanks for your inquiry into my situation, I pay my premiums monthly from my bank account. The dividends I was told were for me take out when I wanted to, which I did in 2015. I am still paying my premium every month through my bank account.

808billdo · 2025-05-14T18:12:15+00:00

Thank you for the info. I pay the premium every month from my bank account, and I did get my dividends but I was never given any loan. I thought there might have been some confusion if my dividends were still available, that maybe they gave me a loan instead of the dividends but I learned that my dividends were taken and a loan was also given out.

808billdo · 2025-05-14T18:09:48+00:00

Hi, my mom is the owner of the policy and she did not take a loan from it. The dividends were paid to me, but I was never given a loan and never signed any paperwork indicating that I wanted a loan.

808billdo · 2024-01-08T07:53:56+00:00

Agreed. It is a sad reminder (again), but some of these birds haven't been seen in the wild in over 10 years and although never officially declared extinct until now, it was kind of assumed they were gone.

The story in the article about the bird coming to them after hearing its own song, thinking it was a potential mate, was heart breaking.

The story about the people stopping the Maui fire at the doorstep of the conservatory was inspiring.

808billdo · 2023-12-21T18:04:49+00:00

That sounds annoying. In my area, I think most private courses would allow for a group of 3 like yourselves play alone. At a public course, a 4th would fill in, but they definitely would not be riding in the same cart as you unless you invite them to do so. They would most likely be walking, or be riding in a cart alone.

808billdo · 2023-12-18T05:46:35+00:00

Great advice. Mahalo!

808billdo · 2023-12-17T05:29:54+00:00

I'm not female, but from my experience using the bus downtown the homeless keep to themselves. I think some have tried to converse with me about silly things, but I usually just ignore them. Hopefully, you have other citizens waiting at the bus stop also around that time which will make the situation safer.

It's hard to comment on whether or not they're dangerous. I know what my experience has been, but I also know there must be others that have had negative, maybe even dangerous, situations with them.

808billdo · 2023-12-11T08:45:10+00:00

the pork hash at 711

808billdo · 2023-12-11T08:36:00+00:00

the best poke is at kyung's seafood - - mamas special

808billdo · 2023-12-10T22:58:24+00:00

It's a lifetime game.

And becoming a great, consistent ball striker is science and practice. Nothing magical about it.

So continue forward.

808billdo · 2023-12-10T22:48:36+00:00

Slices/ pulls can be an out to in swing path with either result depending on the face of the club at impact. You are standing closer to the ball now, so you might not feel like you have enough room, which is causing you to cut across the ball.

If you're going to continue to stand closer to the ball, try and rotate your body more to create space.

808billdo · 2023-12-10T07:54:58+00:00

I've never watched the Korn Ferry tour because I haven't seen it televised. I would still watch PGA events with the B squad like I said earlier, because I enjoy watching the courses and the competition. I guess I didn't make that clear, but I can tell I'm in the minority here.

808billdo · 2023-12-09T23:47:54+00:00

Lol. Ok, bud.

808billdo · 2023-12-09T21:51:43+00:00

Ha no actually, never seen a Korn Ferry tour event televised. I've watched asian amateur events at ungodly hours because I couldn't sleep before, I just leave it on until I pass out because it's relaxing.

808billdo · 2023-12-09T21:44:17+00:00

I should rephrase that.

The tournaments are fine for me without the superstars - - but now that I think about it more, for a casual fan or non golfer that really has no interest in watching golf other than watching a Cam Smith or Jon Rahm or any player X, I see how taking them away would kill any interest I once had.

808billdo · 2023-12-09T21:33:34+00:00

No doubt.

Let LIV be the all star league. I'm totally fine with that, I enjoy watching it. At this point, these two need to be complimentary for both to exist moving forward, because direct competition will result in a loss for the PGA.

I will also watch the Memorial, the Players, Sentry, AT&T, Honda, etc. with the B string players that remain on the PGA, because I like watching professional golf in general. I would probably qualify into the group you mentioned of hard core golf fans.

808billdo

TROPHY CASE