Policy Maturity

  •  Extension of Maturity Date Beyond Age 100, Society of Actuaries - p

     

  • Isn't it more realistic to assume a customer wants to know what the cost will be if he carries that policy out to maturity?

-- Howard W. Cannon (chairman of the committee)

1979 - GOV - FTC STUDY OF LIFE INSURANCE COST DISCLOSURE - 592p

1994 NALU Cover Page GMP ATTACHMENT FOUR-C

  • Statement of the National Association of Life Underwriters (NALU) to the NAIC Life Disclosure Working Group of the Life Insurance (A) Committee on Life Insurance Illustrations January 31, 1994
  • 13. The Cover Page for any illustration should contain the annual premium necessary to maintain the policy to maturity based solely upon the guarantees in the policy. This will assist the policyowner in understanding the differences between guaranteed and non-guaranteed policy features.


1994
-1, NAIC Proc.