1973 0220 - GOV (Senate) - The Life Insurance Industry - Part 1 of 4

  • (p1) - ...American consumers pay a bill without having more than a somewhat vague idea of what they are buying.
  • If this were the result of flimflam, enforcement agencies would have been all over the sellers years ago. But this is not intentional flimflam it is as the man in "Fiddler on the Roof” explained away so many things— "tradition."
  • These 140 million consumers, at an outlay of about $23 billion a year, are buying life insurance policies. 

--  Senator Philip Hart – (D-MI)

1973 0220 - GOV (Senate) - The Life Insurance Industry, Senator Hart (D-MI) - Part 1 of 4 - [PDF-815p-GooglePlay]

  • (p17) - David L Brain, executive vice president of Kentucky Central Life recently surveyed the top executives of 62 large, medium, and small life insurance companies for their opinions on the impact of the consumer movement on their business.
  • Thirty percent felt that the activity of the critics will lead to reduced premium rates or more liberal benefits. “
  • In addition to the negative publicity the industry has already received ," wrote Mr. Brain, “the most frequently mentioned effects of consumerism are:
    • better service and improved policy owner relations;
    • stiffer government regulations;
    • and a trend toward more frequent price benefit comparisons . . ."

1973 0220 - GOV (Senate) - The Life Insurance Industry, Senator Hart (D-MI) - Part 1 of 4 - [PDF-815p-GooglePlay]

Part 1

  • Armstrong Report
  • TNEC
  • (p113-175) - Understanding your Life Insurance, Institute of Life Insurance
  • The Widows study - LUTC and LIAMA

    • (p313-391) - The Onset Of Widowhood, vol. 1 

    • (p392-508) - Adjustment to Widowhood, vol. 2

  • (p566-610) - Statement of Joseph Belth
    • p599 - Table 3 - Annual Information
  • (p720-748)  -  Joint Special Committee on Life Insurance Costs - 29p - Snippets
    • Cost Comparison Methods Table
  • (p749-759) - Speech of E.J. Moorehead, 1970/11/09