Archive for January 2021
NGEs – Non-Guaranteed Elements – AAA – American Academy of Actuaries
NGEs – Non-Guaranteed Elements – AAA – American Academy of Actuaries actuary.org/committees/dynamic/NGEWG Non-Guaranteed Elements Subcommittee 1980s – AAA – American Academy of Actuaries Task Force on Non-Guarantee Elements, William T. Tozer, Chair 2000s – AAA – American Academy of Actuaries Non-Guaranteed Elements Working Group The Non-Guaranteed Elements Work Group will review actuarial standards of practice,…
Read MoreLaura Hanson
Laura Hanson 2018 0312 – NAIC Proceedings – LIBGWG, Life Insurance Buyer’s Guide Working Group – Conference Call NAIC Proceedings The Working Group discussed language suggested by the ACLI defining the different kinds of life insurance policies for inclusion in the section titled, “Compare Different Kinds of Life Insurance.” Laura Hanson (Academy) expressed concern that, in the…
Read MoreASOPS – Actuarial Standards of Practice
ASOPS – Actuarial Standards of Practice actuarialstandardsboard.org/standards-of-practice/ Practice Notes One of my concerns is that we have Practice Notes that people may not be looking at, which in a court of law could be used against you. Read the ASOP; read the regulation and get your hands on the Practice Notes and do what the…
Read More1938-1941 – GOV (Senate) – TNEC – Temporary National Economic Committee – Joseph O’Mahoney (D-WY)
TNEC – Temporary National Economic Committee Senate 1938-1941 – GOV (Senate) – TNEC – Temporary National Economic Committee, Joseph C. O’Mahoney (D-WY) — [BonkNote] 1941 – GOV (Senate) – TNEC – Final Report and Recommendations of the Temporary National Economic Committee, Investigation of Concentration of Economic Power – 464p (p269) – Life insurance funds are…
Read MoreSocial Security
Social Security Survivors of Deceased Workers The 1939 amendments also added a life insurance benefit to Social Security. Surviving spouses and minor children of a prematurely deceased worker were now entitled to a benefit.15 In 2017, 10 percent of beneficiaries were collecting as survivors of a deceased worker.16 This program functions as life insurance for…
Read MoreIncome
Income Life insurance, converted into an annuity, may further augment retirement income. Geronomics: Some notes on a brand new social science — the economics of financial serenity in the Golden Years. By IRA U. COBLEIGII, Enterprise Economist 1957 – Commercial and Financial Chronicle https://fraser.stlouisfed.org/title/1339/item/556255
Read MoreEconomics
Economics Economic Advice: Versatile Tool for Life Insurance Management Eleanor S. Daniel Business Economics Vol. 5, No. 4 (September 1970), pp. 73-76 (4 pages) Published By: Palgrave Macmillan Journals
Read MoreLiquidity Risk
Liquidity Risk We have a committee within the ACLI that has been looking into the whole liquidity question, and on the basis of those discussions, I believe there is much more liquidity in the industry today. If I recall correctly, the biggest surprise came about 15 years ago, when the first discussions were held with…
Read MoreBlack Swans
Black Swans Nassim Taleb (p60) – David Schweikert – (R-AZ) – Are we going to wake up tomorrow and find out that the shadow on the horizon, the black swan was something that because of the concentration of the way you look at the world you completely miss? 2015 1208 – GOV (House) – Oversight of…
Read MoreMergers and Acquisitions
Mergers and Acquisitions My question revolves around the notion that it seems as if we talk about the life insurance company as acquiring other services which it will offer in some basket of services. But when we talk about the financial services industry and the life insurance business, the reality is that the other financial…
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