Archive for June 2020
Confusing to People
Confusing If we are going to have a group of consumers of our products who are satisfied with what they get, we have to meet their expectations. Obviously, there are two adjustment points whereby that can be accomplished. One is that you can change the outcome to match the expectations. The other is to change…
Read More1900 – 1949 – Newspapers
1900-1949 – Newspapers 1906 0312 – San Francisco Call – Senator Depew in Sanitarium – [link] Senator Chauncey Depew – (R-NY) It was hinted tonight that the Senator’s Breakdown, said to be the first in his life, was caused by the widespread adverse criticism directed against him, following the exposure of the insurance scandal. The effect of the…
Read More1800s – Newspapers
Newspapers – 1800s Port Tobacco Times and Charles County Advertiser – 01 Jan 1869, Fri ·Page 3 The Daily Standard – 01 Jan 1869, Fri ·Page 1 Lewisburg Chronicle – 01 Jan 1869, Fri ·Page 2 Return of Premium, Income producing Memphis Daily Appeal – 01 Jan 1871, Sun ·Page 1 Life Association of America…
Read More1960s – Newspapers
Newspapers – 1960s 1960 0829 – Daytona Beach Morning Journal – O’Mahoney Makes Last Speech – [link] 1967 0104 – The Free Lance Star – Protection, Not Savings, Cited as Insurance Goal – [link] 1968 1017 – Toledo Blade – Misrepresentation Charged In Some Life Insurance Sales – [link] 1968 0825- The Daily Colonist (British Columbia) / UPI…
Read More1990s – Newspapers
Newspapers – 1990s 1991 0511 – NYT – California Curbs First Capital Life – [link] 1991 0716 – Los Angeles Times – Mutual Benefit Insurance Fails After Run on Assets : Economy: It is the largest such collapse in U.S. The New Jersey company cites bad real estate investments. – [link] 1991 0716 – The…
Read More1980s – Newspapers
1980s – Newspapers 1980 0918 – The Milwuaukee Journal – Life Insurance Rule Challenged – [link] 1981 0216 – Iowa City Press-Citizen – Warning: The National Association of Life Underwritings has Determined that the FTC is Dangerous to Your Life Insuranc – [link] 1982 0216 – The Dispatch – Life Insurance is Misunderstood, Confusing – [link] 1982 0106…
Read More1970s – Newspapers
Newspapers – 1970s 1971 0130 – The Telegraph / New York Times – ‘Twisting’ Causes Concern Within Insurance Industry, by Robert J. Cole – [link] 1971 0509 – Washington Post – Hoover Held an Insurance Post — Acacia Mutual Life Insurance Co., J. Edgar Hoover – FBI — 1p 1973 0615 – The Free Lance…
Read MoreVivian Zelizer
Vivian Zelizer Princeton sociologist Viviana Zelizer has detailed in her book “Morals and Markets,” for a long time life insurance failed to thrive in the U.S. because people didn’t like the idea of placing a value on human life, and wives often felt as if they were betting on the deaths of their husbands. Life insurance…
Read MoreLifeCycle
LifeCycle 1975 0619 – NYT – With “Life-Cycle” Insurance Policies Coverage May Be Changed With Needs (Adjustable Life), by Leonard Sloane – [link-Paywall Free] Definition – “Life cycle policy” was first used in the publication “With An Eye To Tomorrow”, a report on the Future Outlook Study published by the Institute of Life Insurance in…
Read MoreFee for Services / Consulting
Fee for Services / Consulting Jesse included in his comments an indication that the industry would trend towards levelized commissions and perhaps a fee for the extra service performed in the first year. Didn’t we see that there was an opportunity for the industry to move towards an extra fee with the Universal Life product?…
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