Archive for May 2023
Project – TimeLine
Project – TimeLine 1838 – Book – An Essay on Probabilities, and Their Application to Life Contingencies and Insurance Offices, by Augustus De Morgan It is of great importance at the present moment that sound principles on the subject of insurance should be widely and rapidly disseminated. Whether they act by producing conviction, or opposition, a step…
Read MoreUniversal Life – NAIC
Universal Life – NAIC 1980’s – Task Force on Life Insurance Disclosure System – LIDS – NAIC ? – 1982 – ? – NAIC Proc. – Funded Plans of Life Insurance (Universal Life) and Annuities – NAIC Universal Life and Related Plans of Life Insurance and Annuities – NAIC 1982-1989 – Life Cost Disclosure Task Force…
Read MoreThe Future of Permanent Life Insurance
The Future of Permanent Life Insurance 1980 – SOA – The Future of Permanent Life Insurance, Society of Actuaries – 28p Should not the actuarial profession have engaged instead more intensively in studies bearing on the guarantees of future capital security and long-term investment yields under conditions of inflation, which contingencies currently pose the critical questions for…
Read More2008 0610 – GOV (House) – H.R. 5840, The Insurance Information Act of 2008 – Paul Kanjorski (D-PA)
2008 0610 – GOV (House) – H.R. 5840, The Insurance Information Act of 2008, Paul Kanjorski (D-PA) 2008 0610 – GOV (House) – H.R. 5840, The Insurance Information Act of 2008, Paul Kanjorski (D-PA) — [BonkNote] [PDF-129p, VIDEO-?] – R Kanjorski, Mcraith, Rahn, Stephen E., Vice President and Associate General Counsel, Lincoln Financial Group, on behalf…
Read MoreNCOIL – National Council of Insurance Legislators – Snippets
NCOIL – Snippets 1993 0124 – The Washington Post – States Need to Reform Insurance Guaranty Funds, Jane Bryant Quinn – [link] To reduce the lottery element of settlements, the National Conference of Insurance Legislators (NCOIL) has proposed a single, interstate guaranty fund. 3. H.R. 1290 – Bob Mackin (NCOIL) expressed concerns about the various industry…
Read MoreNCOIL – Documents
NCOIL – Documents 1993-3, NAIC Proceedings – 1992 0724 – Letter – NCOIL to State Governors – Re: Full Disclosure/No Misleading Advertising in the Sale of Life Insurance, Attachment Six-A2 – [link-pic] 2000 – NCOIL – Reforming Insurance Regulation: Making the Marketplace More Competitive for Consumers – <WishList> 2003 1105 – GOV (House) – Reforming…
Read MoreProduct Approval
Product Approval Today, life insurers compete directly with non-insurance financial services institutions, such as banks and mutual funds. (p12) — William B. Fisher, Vice President And Associate General Counsel, Massachusetts Mutual Life Insurance Company, On Behalf of the American Council Of Life Insurers (ACLI) 2001 0621 – GOV (House) – Insurance Product Approval: The Need…
Read MoreSentry Life Insurance Company
Sentry Life Insurance Company Policies which were sold on a “vanishing premium” basis are expected to exhibit a different payment pattern than those sold on other bases. Thus, although a company can measure persistency, the appropriate standard to which this experience should be compared would be very difficult to determine. The measurement of the persistency…
Read MoreFlexible Premium
Flexible Premium Chapter 6 provides a comprehensive description of adjustable-premium and flexible premium plans, along with the development of universal life insurance. An introductory description of universal life product features is also given. Black, K. Jr., and Skipper, H.D. Jr. “Flexible-Premium Life Insurance Policies,” Chapter 6 in Life Insurance. 12th ed. Englewood Cliffs, N.J.: Prentice…
Read MoreSun Life Group of America
Sun Life Group of America In our Universal Life products, we need to find that critical point, or what is as important, what is the best level of premium relative to the target premium. You don’t want all target premiums. In fact, the lower the premium is, the closer to the minimum premium, the happier…
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