1975 1203 /1204 - GOV (Senate) - Veterans Insurance Information Disclosure

  • 1975 1203/1204 - GOV (Senate) - Veterans Insurance Information Disclosure - Senator Stone
  • (p43) - Dan Andersen:  ....so we developed a buyer's guide concept where we want to explain how you use the index.
    • Well, if you explain how to use the index, you ought to explain what the policy is and what choices a buyer has,
    • and we became convinced that the worst decisions that were made weren't necessary because the buyer bought a high cost policy but that he bought an inappropriate policy for his needs and for his budget.
  • Senator Stone (D-FL).  In other words, what we're looking for is not relative cost so much as relevance.
  • Dan Andersen.  Right, relevance to the buyer's needs and abilities to pay.

--  Dan Andersen, director of the Life and Health Insurance Division and chief actuary of the Iowa Insurance Department and chairman of the Cost Disclosure Task Force of the NAIC

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3rd Part:

4th Part:

  • (p66)  "Report to the National Association of Insurance Commissioners Life Insurance Cost Comparisons (C3) Task Force", a report prepared by the American Life Insurance Association Subcommittee on Cost Comparisons, Research Project No. 8 
  • (p178) - "Consumers' reactions to life insurance policy cost comparison methods," by the Life Insurance :Marketing and Research Association, Research Project 4
  • (p255) - Statement of Joseph Belth
    • (p269)- AP - Deceptive Sales Practices in the Life Insurance Business, Joseph M. Belth, The Journal of Risk and Insurance, Vol. 41, No. 2 (Jun., 1974), pp. 305-326 (22p), Published By: American Risk and Insurance Association <ARIA>
  • (p959) - The "Manipulation" issue; research project 12 (Jan. 28, 1975), by E. J. Moorhead, F.S.A
  • Analysis of life insurance cost comparison index methods (Sept. 1974).
  • Life insurance consumers, publications entitled: What do consumers know about life insurance, including their own and what do consumers want to know at the point of sale?
  • An exploratory study of attitudes and expectations regarding cost comparison.
  • A National survey of cost comparison attitudes and experience