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