Great Eastern today announced that it is making a one-time redemption offer to its GreatLink Choice (GLC) policyholders. The offer will be open for acceptance from 3 August to 28 August 2009. During the offer period, GLC policyholders can, if they so choose, have their GLC units cancelled under this redemption offer and receive a sum equal to the original purchase price of $1.00 per unit, less the total annual payouts received to-date.
It looks to be good news to GLC shareholders but then is this redemption going to affect other policyholders and shareholders? Will this result in a reduced bonuses in the future to come? Perhaps I should not speculate.
Great Eastern Announces One-time Redemption Offer to GreatLink Choice Policyholders [via]
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