Archive for November 2020
The Actuarial Foundation
The Actuarial Foundation (TAF) The Actuarial Foundation – Emeritus Trustees – 2023 — [BonkNote] actuarialfoundation.org/ actuarialfoundation.org/get-to-know-us/meet-the-board/ Another significant development has been the emergence of the Actuarial Education and Research Foundation. It is hoped that this will be a vehicle through which the actuarial profession can perform badly needed research work for governments and other bodies,…
Read MoreTEFRA – DEFRA – TAMRA
TEFRA – DEFRA – TAMRA 1982 – TEFRA – Tax Equity and Fiscal Responsibility Act of 1982 https://www.congress.gov/bill/97th-congress/house-bill/4961 1983 – Life Insurance Tax Act of 1983 1984 – DEFRA H.R. 4170 (98th): Deficit Reduction Act of 1984 Tax Reform Act of 1984 PUBLIC LAW 98-369—JULY 18, 1984 https://www.govinfo.gov/content/pkg/STATUTE-98/pdf/STATUTE-98-Pg494.pdf 1988 – Technical and Miscellaneous Revenue Act of 1988…
Read MoreSB-Policy Performance, Variability, UL Description
sb-policy-performance-variability-Non-guaranteed Elements – Universal Life Universal Life Descriptions Policy Performance Variability / Volatility Nonguaranteed Elements (NGE’s) / Nonguaranteed Policy Elements Illustrations Disclosure Life Insurance Buyer’s Guide Sales / Buying Process Market Conduct Premium Lapse Academics ACLI Actuarial Government Law NAIC Mr. Wicka said the paper <Assurity White Paper- Consumer Issues Associated with Guaranteed Universal Life Policies”…
Read MoreSB-Academic
SB-Academics Academic Papers 2004 – AP Ins – UNIVERSAL LIFE INSURANCE- ASPECTS OF THE CASH VALUE DEVELOPMENT 146p ~ 1986 – AP Ins – A Comparison of Universal Variable Life Insurance 62p ~ 201x – AP Ins – Universal Life Duration Measures 14p ■ Accounting Insurance ■ ACTUARIAL Papers ■ Assymetric Information ■ Authentic Language…
Read MoreShort Lists
Short Lists http://www.bonknote.com/draft-short-list/ Policies Adjustable Life – bonknote.com/adjustable-life/ Walter L Chapin – Minnesota Mutual 1976 – Toward Adjustable Individual Life Products, Walter L. Chapin, Society of Actuaries – 50p This leads to the second attitude adjustment that is needed. The old distinction between term and permanent is usually not appropriate for an adjustable life policy. In…
Read More2019 – NAIC – LIAC – Proceedings
2009 – Life Insurance and Annuities Committee – NAIC LIFE INSURANCE AND ANNUITIES (A) COMMITTEE Sunday, April 7, 2019 3. Discussed Issues with AG 49 and IUL Policies Mr. Yanacheak said there have been several stories in the news lately about indexed universal life (IUL) policies. In particular, IUL policies that use indexed return multipliers…
Read MoreConsumers Union
Consumers Union Mary Griffin NAIC Illustrations – 1990s 1974 – LC – Consumers Union of United States, Inc. v. Albright Court: United States District Court, S.D. New York No. 74 Civ. 234, 427 F. Supp. 840 (S.D.N.Y. 1977) You may opt for a “planned” or “target” premium–a predetermined amount to be paid on a regular…
Read More1995-4, NAIC Proceedings
1995-4 Exhibit 6D.2 Universal Life Nonforfeiture Value Calculations {No Increase COIs and Credited Interest in (5) and (6)} Issue Age 55 1995-4, NAIC Proceedings Annual Statement Re-engineering Project 1996 Consumer Priorities for NAIC Market Conduct and Consumer Affairs (EX3) Subcommittee 5. Consider the Life Insurance (A) Committee Nov. 27. 1995r Minutes Concerning Adoption of the…
Read MoreOld – Snippets
Old – Snippets Give the life insurance theorist a chance —he may stumble on a good thing that will be as much of a surprise to him as the outside world. (p313) — A.B. Kellogg 1906 – Moodys Magazine, Vol 2 If life insurance truths have not been widely disseminated and assimilated, life insurance untruths have. (p29)…
Read More1990s – Actuarial – Snippets
1990s – Actuarial – Snippets I think we need to focus more on building a knowledge base. It seems to me our knowledge base is what we live or die on. — Anna Rappaport, (2023 – The Actuarial Foundation, Emeritus Trustee) 1990 06 – SOA – The Actuary Magazine, Society of Actuaries – 5p William…
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