Minor damages to the insured policyholder are firstly paid out of this group fund. Flexible Premium UL allows the policyholder to vary their premiums within certain limits. Union Labor Life begins offering retirement annuities and issues its first stockholder and policyholder dividends. It first paid policyholder dividends in 1898. A policyholder can select a maximum daily or monthly benefit. These policies typically have fees during early policy years should the policyholder cash it in. For a percentage of the settlement amount, Public adjusters work exclusively for the policyholder. UL is a complex policy with risk to the policyholder. Usually, this type of consolidation service is performed to accommodate their major policyholder organizations. David Hyman was selected as the representative policyholder.