Descriptions
Descriptions – Index
Descriptions – Index ABCDEFGHIJKLMNOPQRSTUVWXYZ A Adjustable Life Descriptions Back to top D Descriptions – Index Back to top N NAIC – Universal Life Descriptions Back to top S Start – Universal Life Descriptions Back to top U Universal Life Descriptions Universal Life Insurance – Government Descriptions Universal Life – Company Descriptions Universal Life – Descriptions…
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Adjustable Life – Descriptions Adjustable Life Insurance: a type of insurance that allows the policyholder to change the plan of insurance, raise or lower the face amount of the policy, increase or decrease the premium, and lengthen or shorten the protection period. (p109/G1) 2002 – IAIS/World Bank – Supervision of Insurance Operations – 140p *Adjustable Life…
Read MoreNAIC – Universal Life Descriptions
Universal Life Descriptions – NAIC A proposal to draft a universal life model bill was set forth by the advisory committee to the (A5) Universal Life Insurance Task Force. The advisory committee chairman, James Jackson of Transamerica Occidental Life, indicated that the drafting of such a model bill would be contingent on the ability of…
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Universal Life Descriptions Universal Life – Descriptions – First Universal Life – Company Descriptions Universal Life Insurance – Current Government Descriptions Universal Life – International Descriptions This creature called universal life has evolved from a combination of term insurance and a flexible premium annuity to a range of differing products with various design features. 1983…
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Universal Life – International Descriptions 2 Universal life is a combination flexible premium, adjustable life insurance policy. The policyholder may select the amount of premium he or she can pay and the policy benefits are those which the premium will purchase. Or, the premium payer may change the amount of insurance and pay premium accordingly.…
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Universal Life – Company Descriptions aigdirect.com/life-insurance-products/universal-life-insurance https://www.allstate.com/tr/life-insurance/universal-life-insurance.aspx 10ks vs Marketing In fact, it is accurate to describe Universal Life as a generalized version of the actuarial formulas underlying traditional life insurance products. In other words, it is possible to produce any traditional plan of insurance from the generalized formulas underlying universal life. — Alan Richards,…
Read MoreUniversal Life Insurance – Government Descriptions
Universal Life Insurance – Government Descriptions Universal life insurance A form of permanent insurance designed to provide flexibility in premium payments and death benefit protection. The policyholder can pay maximum premiums and maintain a high cash surrender value. Alternatively, the policyholder can make minimal payments in an amount only large enough to cover mortality and…
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Starters – Universal Life Descriptions Permanent Whole Cash Value Dynamic / Any Plan of Insurance Term Adjustable None of the Above for more Universal Life – Descriptions 4 – Broken down to its simplest basis, Universal Life has eliminated the concept of “plan of insurance”….. — Christian J. DesRochers 1983 – Universal Life, Society of Actuaries – 24p…
Read MoreUniversal Life – Descriptions – Early
Universal Life Descriptions Universal Life is not well understood and part of the mystery about it may well be due to a failure in my communication…… …….Universal Life was developed in 1962 as a generic plan, which means that it subsumes all other life insurance products. 1987 – Book Chapter – The Search for…
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