November 2019 – [BonkNote]

Words and Concepts Words – Index coinsurance, Modco (Modified Coinsurance), “smoothness”, Entire Contract Clause non-bank bank, non-depository banks, non-bank financial firms Big Data

Cost Cost – Index Until the buyer understands how the product works, attempts to compare price are essentially meaningless. 1972 – SOA – Life Insurance and the Buyer by Anna Rappaport, Society of Actuaries – 2p-Article 1976 – SOA – Cost Comparisons and Policy Language, Society of Actuaries – 16p The cost of life insurance…

Cost Disclosure The purpose of disclosure is to let the life insurance buyer know what he’s getting. — Russell R. Jensen 1977 – SOA – Cost Disclosure in Individual Life Insurance – Society of Actuaries – 18p Until the buyer understands how the product works, attempts to compare price are essentially meaningless. 1972 – SOA – Life…