Start – Universal Life – Premium Also, because most people presume that if you pay your premium continuously, your policy will remain in effect, quite a few people had a hard time understanding how or why the policy would terminate in policy year 31. This was simply foreign to their way of thinking. 1990-1A, NAIC…

Read More

425-letter-2 Also, because most people presume that if you pay your premium continuously, your policy will remain in effect, quite a few people had a hard time understanding how or why the policy would terminate in policy year 31. This was simply foreign to their way of thinking. 1990-1A, NAIC Proceedings – NAIC / LIMRA – Universal…

Read More

1996-3v2 Summaries of Plans The company shall prepare a Summary of each Plan which shall be provided to each policyowner with the issuance of the policy. The summary shall comply with requirements as set forth in the NAIC Model Regulation. Each summary shall describe the basis of policy owner expectations, but is not expected to…

Read More

Nonforfeiture 1941 Guertin Report NAIC’s Committee to Study Nonforfeiture Benefits and Related Matters, chaired by Alfred N. Guertin, actuary of the New Jersey Insurance Department 1942-Supplement, NAIC Proceedings – Reports and Statements on Non-Forfeiture Benefits and Related Matters 1975 Unruh Committee SOA, Special Committee on Valuation and Nonforfeiture Laws, chaired by Henry C. Unruh 1983-1,…

Read More

Chris Kite lifegoesonconsulting.blogspot.com/ tailoredlifeassurance.blogspot.com/ figmarketing.com/ 2018 0309 – Chris Kite – When IUL becomes VUL – [link]    Here is what I call an IUL Credit Riddle. When does a 0% floor and 12% cap for IUL become a -45% floor and 75% cap and is illustrated at 16%? It can happen with any IUL…

Read More

Replacement Issues Subgroup – NAIC 1996-3v2. NAIC Proceedings 913 – 1. Report of Replacement, Issues Subgroup Carolyn Johnson (NAIC/SSO) reported that the Replacement Issues Subgroup met by conference call twice and discussed surveying insurers to learn more about their replacement practices. The subgroup requested comments be sent to Ms. Johnson on the survey draft attached…

Read More

Cost Indices Subgroup – (A) – NAIC Cost Indices Subgroup (A) of the Life Disclosure (A) Working Group 1996-3v2, NAIC Proceedings 917 – 3. Appropriate Use of Cost Indices in Sales of Life Insurance Mr. [Tom] Foley said a subgroup had considered whether there was one cost index that would add to a consumer’s ability…

Read More

Buyer’s Guide Subgroup – NAIC 1995/12/13 – Start of Charge to Revise LIBG 1996/03/25 – Dunlap, Higgins, Kite, Cude – Rewrote LIBG 1996/05/23 –  1996/06/01 –  1996/06/04 – 1996-2 (p696) – Draft (Attachment FIVE 1-A) 1996-1 1996-2 1996-3v1 1996-3v2 1996-3B – NAIC Draft redlined Life Insurance Buyer’s Guide – Draft – 6p  More Life Insurance…

Read More

1986-1 National Association of Insurance Commissioners External Communication Plan – September 8, 1985 External Communication Project Rational Objective – To increase awareness of state insurance departments as a primary source of consumers information about insurance products. Strategy  – To offer buying tips and to solicit questions on a specific insurance product. (p95)  1986-1, NAIC Proceedings

Read More