Fay v Aetna

  • 2003 - LC - Fay v. Aetna  ---  [BonkNote]
  • 2003 - LC - Fay v Aetna - William Hager - Excerpt - Deposition - Doc 65 - 2p
    • <WishList - Complete Deposition>
  • Donna Claire - Fay v Aetna - You said you understood it
  • 1 Copies of the Affleck Report and Affleck Rebuttal are attached to the Affidavit of Mark E. Swirbalus in Support of Aetna Life Insurance and Annuity Company's Motion to Exclude Expert Testimony (the "Swirbalus Affidavit") as Exhibits "A" and "B," respectively.
  • Mr. Affleck states that using the term "permanent" is "deceptive" with regard to universal life insurance.  - [Mr. Affleck = Plaintiff Expert Witness]
  • Universal life is considered "permanent insurance" in the industry.
    • For example, a governmental website for seniors, maintained by the Social Security Administration, has the following definition "Permanent Insurance -- including whole, ordinary, universal, adjustable and variable life -- is protection that can be kept in force for as long as you live."8

2003 - LC - Rebuttal Report of Mr. Affleck by Donna R Claire (Actuary) re: William L. Fay, et. al. v. Aetna Life Insurance and Annuity Company et. al.

  • Whole (or universal) life insurance policies are considered permanent.
  • As long as you pay the premium, the policy is in effect.  (p32)

2015 Version - Consumer Action Handbook, published by USAGov, part of the U.S. General Services Administration’s (GSA) Office of Citizen Services and Innovative Technologies - 146p

  • 20. Aetna does not dispute that Mr. Pflugfelder described the Policies as "permanent insurance."
    • He did so correctly, as Plaintiffs concede.
  • 21. Aetna does not dispute this paragraph, but adds that Plaintiffs never asked what the term "permanent insurance" means. - Page 6 of 32

2003 - LC - Fay v Aetna - Doc 65 - Defendant Aetna Life Insurance And Annuity Company's Response To Plaintiffs' Separate Statement of Additional Undisputed Material Facts - 01-cv-10846 - 32p

  • A: William Hager -  Surveys would be to determine — lets take a regulatory survey.
    • Through a regulatory survey, we could efficiently determine and get a read through the regulators in all 50 states as to whether a particular matter, particular issue was in fact a nationwide issue that merited national attention or in fact whether it was a localized issue.
  • Q. So when you say an issue, could an example of an issue be the types Of disclosures that are being made in illustrations?
  • A. Yes.
  • Q. Was that in fact one of the issues that was reviewed?
  • A. Yes. In fact, while was insurance commissioner, I oversaw a survey to that effect.
  • Q. As chair of the life insurance product development task force, you led the development of model disclosure statements for....

2003 - LC - Fay v Aetna - William Hager - Excerpt - Deposition - Doc 65 - 2p

⇒  <WishList - Complete Deposition>

⇒  <WishList - Hagers Survey from his time as an Insurance Commissioner>