Competition

4. Any change in premiums and values is an important management decision and investment yields are only one factor involved. Recent changes may have been influenced more by competition than by a rise in interest rates.

--  B. T. HOLMES

1957 - LIFE INSURANCE POLICIES, PREMIUMS AND DIVIDENDS, Society of Actuaries

  • The life insurance industry competes for agents and in designing unique policies that are often merely sales tools.
  • But as shown in this section, it does not compete vigorously on the basis of price.
  • Without meaningful cost disclosure, effective price competition is impossible.54 (p62)

1979 - FTC - Life Insurance Cost Disclosure - 460p

  • 1996 - Competitors to the Life Insurance Industry, Society of Actuaries - 26p