Archive for August 2021
SB-IAIS
SB – IAIS 382. In 2015 Field Testing, lapse or persistency changes due to changes in market conditions were addressed under Market risk. Although the effect from market changes may be experienced through lapses, increases in coverage or unexpected persistence, the risk driver for many such changes is due to market changes. For instance, in…
Read MoreTarget Market
Target Market I have a comment which you can respond to if you wish. Universal Life might well be a more appropriate product than Adjustable Life for the very sophisticated, very high premium, as you mentioned, product or sale. However, I think that there is a major segment out there where Universal Life Just would…
Read MoreTarget
Target Target Market Target Premium
Read MoreUniversal Life – Newspapers
Universal Life – Newspapers It is commonly known as universal life, though it goes by a variety of colorful names, including CompleteLife (E. F. Hutton), The Challenger (Life Insurance Company of Virginia), and T Plan Life (Transamerica Occidental Life). The Hartford Insurance Group is even so bold as to call it The Solution. 1982 – CS Monitor…
Read More2010s – 2020s – NAIC – Insurance Commissioners – Focus Groups
2010s – 2020s – NAIC – Insurance Commissioners – Focus Groups NAIC Working Groups – Current / Recent 2015/8/16 LIAC CC He <Birny Birnbaum (Center for Economic Justice—CEJ)> said it is important that state insurance regulators determine if illustrations are accomplishing what they are intended to accomplish, how they are being used and whether…
Read MoreChurning
Churning Replacements Twisting Churning will be high as comparisons of recent performance and illustrations will “prove” the necessity for a switching. — Dale R. Gustafson, Northwestern Mutual …asks why the really hard questions about the product aren’t reflected in the articles we printed. His nominees for the hard questions are: 1981 11 – SOA – The Actuary,…
Read MoreTwisting
Twisting Churning Replacements We have all heard some talk about twisting, and it has strong negative connotations. Universal Life, mainly because of its premium flexibility, has changed that. I recently heard one of our marketing people refer to replacement of old traditional permanent policies with Universal Life. He called it “The Enlightened Liberation of Assets”.…
Read MoreHow to Buy Life Insurance
How to Buy Life Insurance 1895 – How to Buy Life Insurance: The Essentials to be Considered in Selecting a Company, “The Author” The New York Life promised: on a 20 year endowment $1,650 and paid $710; on a 20 year deferred dividend $1,143 and paid $527; on a tontine it estimated $1,234 and paid…
Read MoreDocuments – Index
Documents – Index ABCDEFGHIJKLMNOPQRSTUVWXYZ# A AAA – American Academy of Actuaries – Documents ACLI – Documents AIG – American International Group – Documents Back to top C CEJ – Center for Economic Justice – Birnbaum – Documents COP – Congressional Oversight Panel – Documents CRS – Congressional Research Service – Documents Back to top D…
Read MoreTraditional
Traditional Non-Traditional Q: Is Universal Life Insurance a Traditional Product? (p1) …..American consumers pay a bill without having more than a somewhat vague idea of what they are buying. If this were the result of flimflam, enforcement agencies would have been all over the sellers years ago. But this is not intentional flimflam it is…
Read More