Internet

  • Commissioner Linda Ruthardt (Mass.) said that at some point people will be able to buy life insurance over the Internet and will create their own illustrations.

1995-1, NAIC Proceedings 

  • From the Floor: Do you think that the Internet really deals with more commodity like products, that insurance products on the Internet will become simpler, like a trend away from universal life and towards term or more vanilla types of whole life?
  • Mr. Levison: That’s a good question. I certainly think most of the sales activity on the Internet will be with simpler products, and then some products will be more simply designed than perhaps they are right now.

1996 - SOA - The Impact of Technology on the Distribution of Insurance and Financial Services, Society of Actuaries - 11p 

  • 2. Consider changes that may be needed to NAIC models impacting sales of life insurance to address sales on the Internet.

1996-4V2, NAIC Proceedings