Policies

  • Flexible Life
    • Maurice LaVita

It is also important state laws accommodate combination products (e.g., life insurance/LTCI; life insurance/annuity; annuity/LTCI, etc.) and that tax laws readily accommodate such products.

naic state of the insurance industry

modified premium life insurance -  In the case of modified premium life insurance which is essentially term insurance followed by permanent, minimum nonforfeiture value requirements shall be determined by applying the Standard Nonforfeiture Law separately to the term coverage period and the whole life coverage period, irrespective of any language in the policy which states that the conversion to whole life coverage is automatic or that the coverage period is continuous.

 

1979-1, NAIC Proceedings

Endowment,  Tontine, Semi-Tontine, Assessment, Split Life, Split Life Dollar, Joint, Second to die, First to die, open

1974VARIABLE PREMIUM LIFE INSURANCE, KEN E. POLK, Society of Actuaries

1999 - Analysis of Basic Actuarial Theory for Fixed Premium Variable Benefit Life Insurance, John C. Fraser, Walter N. Miller, and Charles M. Sternhell, Society of Actuaries - 70p

New York - Life Insurance Resource Center - Basic Types Of Policies https://www.dfs.ny.gov/consumer/cli_basic.htm

1981-2 NAIC Proc. 767 - Types of Policies

 

 

NAIC - A Regulator’s Introduction to the Insurance Industry, 2nd Ed, 2005 page 46