Steve Shaffer, the president, CEO and board chair of Homesteaders Life Company, shares what will no doubt be some welcome news in a YouTube message the company recently shared: It will be increasing its crediting rates by about 30 basis points effective March 15, 2023. That means any business written after that date will have increased growth rates.
“This positive news is a direct result of the intense work we have been doing over the last several years in enhancing our yield and investing our assets so that we can bring more yield to our funeral home customers and increase our growth rates,” he said.
He added that the current interest rate environment gave the company a lot of confidence to make the move knowing it will be able to pay claims over the long term, which is always key. Watch his message below.