Q: Are Life Insurance Policies Being Sold For a Death Benefit or an Investment Vehicle?

  • MetLife
    • v FSOC
    • 1990s
  • I didn;t buy a Life Insurance Policy
  • SOA - Looks like an Annuity
  • Walker v LSW
  • (p232) - Q:  And why did you decide at that time that you were ready to apply for the policy?
  • A: Because I was satisfied that this would meet my retirement needs, receiving $93,000 a year for tax-free retirement, turning that money that I had targeted for my nest egg into this $93,000-a-year income.
    • It sounded like a good product for me.

2014 0416 – DOC 809 – Trial Transcript – Walker v LSW – 236p

  • While we recognize that there are meaningful differences within life insurance products and within annuity products, we also observe as a general matter that policies that provide coverage against death are likely to be viewed by the policyholder as serving primarily a protection purpose rather than primarily a savings purposes. 

-- 239. Northwestern Mutual 

2021 06 - IAIS - Liquidity Metrics Phase 1 - Resolution of Comments_(PUBLIC) - 106p

  • Ed FEIGHAN (D-OH):  Well, if insurance is viewed as an investment by the majority of Americans, that's the result of its portrayal over several decades by the industry.
  • Robert HUNSTAD:  I can't respond to that.  (p301)

1984 0411, 0503, 0510, 0628, 0913 - GOV (House) - Competition in the Insurance Industry - [PDF-759p-GooglePlay]

⇒  Robert Hunstand - senior vice president and actuary, Minnesota Mutual Life Insurance Co. , on behalf of the American Council of Life Insurance