April 2020 – [BonkNote]

Groups Groups – Index Association of Life Insurance Presidents 1935 – SEC – Annual Report (First) – Federal Land Banks Federal Retirement Thrift Investment Board (FRTIB) Employee Thrift Advisory Council (ETAC) Jump Start coalition National Endowment for Financial Educatiom lifehappens.org – Life and Health Insurance Foundation for Education Advisory Groups Companies Focus Groups itm21st.com/ thetolicentereast.com/…

IUL – Indexed Universal Life Fixed Indexed Universal Life The ACLI’s Dolan says: “Owners of this product must be aware of exactly how it works, because, unlike certain other types of life insurance, IULs have a fluctuating component to them.” 2020 0923 – Forbes – Sounding The Alarm On Indexed Universal Life Insurance – [link] 2018 -…

Social Sciences Economics Behavioral Economics Thinking Fast and Slow, 2013, Daniel Kahneman Modeling of Policyholder Behavior for Life Insurance and Annuity Products: A survey and literature review, 2014, SOA, LIMRA, PWC, 92p Behavioral Economics and Insurance Law: The Importance of Equilibrium Analysis, 2013, Baker, Siegelman, 28p Econometrics Information Economics Law and Economics Organizational Studies Decision…

Glossary William Koenig (Northwestern Mutual) suggested that the parties all needed a common understanding of the terms used in their discussion. 1993-4, NAIC Proceedings The ‘unbundling’ of services and other product differences between Universal Life and Ordinary Life cause current literature to be inapplicable, as well as insufficient, for Universal Life . 1984 – Academy…

Unbundled The “unbundling’ of services and other product differences between Universal Life and Ordinary Life cause current literature to be inapplicable, as well as insufficient, for Universal Life. 1984 – AAA – American Academy of Actuaries – Journal I would like to ask how many people here have received requests for such unbundling from the public.…

Performance Benefits Coverage Period Historical Performance Policy Performance, Variability, UL Description Results Outcomes Cost – 2000 – AP – The Nature and Causes of Variation in Insurance Policy Yields: Whole Life and Universal Life, Journal of Insurance Issues, 2000, 23, 1, pp. 30–47, by James M. Carson and Mark D. Forster – 18p The actual versus…

Law Reviews – Snippets 1900 – 1949 1919 – LR – The Delivery of A Life-Insurance Policy, Edwin W. Patterson – 26p …it seems well to indicate the steps of negotiation, reflection, drafting, etc., which take place in the usual life-insurance transaction… 1950 – 1959 1950 – LR -The Special Nature of the Insurance Contract:…

Academic – Snippets The Mechanics of Universal Life Policies Once the policy is activated, the term policy and the accumulation account each operate independently. 1985 – AP – Universal / Variable Life Insurance Policy Purchase Decisions, Stephen P. D’Arcy and Keun Chang Lee – 58p The interest rate sensitivity of UL policy cash values, amplified…

Organized Crime Mafia 1967 – DOJ – Task Force Report: Organized Crime, Annotations and Consultants’ Papers, US Department of Justice – 135p 1971 – ABA – The Forum – index to volumes I-ix – The Mobster and His Life Insurance— Misrepresentation of Occupation as Ground for Avoiding a Life Insurance Policy, Vol. VI, No. 2,…

Policy Summary The <ACLI’s> Council’s Subcommittee on Cost Comparisons has proposed that cost disclosure requirements for universal life plans be generally similar to those for traditional life insurance plans as provided by the NAIC Model Life Insurance Solicitation Regulation. In addition, the Subcommittee is recommending disclosure for universal life plans in accordance with the “non-guaranteed…