Look - Blumenthal Deposition

  • In my experience very smart people don't really know what all the components mean.
  • I feel like it does lead to confusion.
  • So, I think ... if you can refer to the eventual illustration and just show the cash value. 

--  Teresa Winer (Georgia)

2019 0917, NAIC LIIIWG - <Bonk>

2010-Blumenthal-Depo-1999-ILS-Goes-to-zero-16-yr
1999-Exh-5-Yearly-Detail-for-Blumenthal
2001 Annual-Statement-Lapse-Put-on-Notice-Blumenthal
2001-LC-Blumenthal-v-New-York-Annual-Summary-Policy-Coverage
  • In a Universal Life policy, you can choose a flexible premium payment pattern as long as you pay enough to keep your policy in force."
  • Evaluate the Future of Your Policy
    • Does your policy have a cash value?
    • Ask your insurance agent, financial advisor, or an insurance company representative for an illustration showing future values and benefits

Life Insurance Buyer's Guide - © 2018 National Association of Insurance Commissioners

What I noticed was ... people may have thought they bought one thing and whenever you have to give them an in-force illustration with a current disciplined scale, they're going to realize they bought something else.

 -- MARK J. GREENE 

1995 PRACTICAL ILLUSTRATIONS AND NONFORFEITURE VALUES, Society of Actuaries