Loans

Life insurance companies are also in danger of a major acceleration of loans on outstanding policies at well below market cost of funds if short-term interest rates, especially for money market funds, continue at approximately twice the rate at which most individual policy loan contracts are written.

-- Statement of Alan Greenspan, Townsend-Greenspan & Co., INC., New York, N.Y.

1981 - GOV (JEC) - The 1981 Economic Report of the President, part 1 - [PDF-215p]

5. The subcommittee next heard the report by the (C4) Technical Subcommittee, Mr. Ted Becker, of the Texas Department, for the use of Dynamic (or floating) Interest Rate of Policy Loans.

1980-2, NAIC Proceedings