Policy Maturity

  • 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? (p13)

--  Senator Howard W. Cannon (D-NV), Chairman of the Committee

1979 0710 and 1017 - GOV (Senate) - FTC Study of Life Insurance Cost Disclosure, Howard Cannon (D-NV)  ---  [BonkNote]

  • 2000 - Report - AAA to NAIC (LHATF) - Interim Report of the EMO Work Group To the Innovative Products Working Group Life and Health Actuarial (Technical) Task Force, American Academy of Actuaries - 18p
    • Appendix II - Checklist for Extension of Maturity Date Beyond Age 100, Life/Health Division, November 1, 1999, Texas Department of Insurance - Extension of Maturity Date Beyond Age 100
  • 1994 - Letter - NALU to NAIC (LDWG) - NALU [Currently NAIFA] National Association of Life Underwriters to the NAIC Life Disclosure Working Group - 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.