Archive for May 2023
Q: How are Life Insurance Policies Sold?
Q: How are Life Insurance Policies Sold? Q: Are Life Insurance Policies Being Sold For a Death Benefit or an Investment Vehicle? LIRP/ SLIRP – Life Insurance Retirement Plan Walker v LSW Target Premium, etc. IUL – NAIC Group
Read MoreCRVM – Commissioners Reserve Valuation Method
CRVM – Commissioners Reserve Valuation Method 1979 – SOA – Adjustable Life Expense Allowances Under The Commissioners Reserve Valuation Method, Society of Actuaries – 36p 1984-1, NAIC Proceedings, Reserves Examples 1994 – SOA – Valuation Actuary Symposium Proceedings – Sessions 8 – Life and Deferred Annuity Life and Deferred Annuity Liability Models, Society of Actuaries – 32p 1994…
Read MoreAbstracts of Significant Cases Bearing on the Regulation of Insurance – NAIC
Abstracts of Significant Cases Bearing on the Regulation of Insurance – NAIC 2005 – JIR / NAIC – Abstracts of Significant Cases Bearing on the Regulation of Insurance – 5p The Third Circuit Court of Appeals reviewed a “vanishing premium” case in Huu Nam Tran v. Metropolitan Life Insurance Co., 408 F.3d 130 (3d Cir. Ct.…
Read MoreWalker v LSW – Snippets
Walker v LSW – Snippets (p170) Mr. Brosnahan said: Well, the fees can cause policies to lapse. Is that a secret? I mean, fees cost something. That’s the point of fees. If someone puts money into their policy, there will be fees, as they know, coming out of those policies. If you don’t put enough premiums…
Read MoreLitigation
Litigation Legal Cases Legal Cases – Index https://www.soa.org/search/?r=SearchCategories%5B105%257e230%5D&q=litigation&pagesize=75&sortby=date
Read MorePrudential – Index
Prudential – Index ABCDEFGHIJKLMNOPQRSTUVWXYZ# F FSOC – Determination and Dissents – Financial Stability Oversight Committee – Snippets FSOC – Prudential Insurance Company Back to top I ICP 24 – Macroprudential Surveillance and Insurance Supervision – IAIS Back to top M Macroprudential Macroprudential Initiative – NAIC MDL-1061 – LC – Prudential Insurance Company of America Sales…
Read More1990s – Prudential Insurance Company – Snippets
1990s – Prudential Insurance Company – Snippets I would say to all of you that if you think that you don’t have any customers or any agents who fail to understand what a nonguaranteed illustration really means, you’re kidding yourself. And if you don’t think that you have customers out there (which means agents also)…
Read MoreExperience Studies
Experience Studies 2014 – SOA – Experience Studies—Understanding the past while planning for the future, Product Matters, by Matthew Dunscombe and Alex Zaidlin, Society of Actuaries – 32p The experience study process serves as a primary foundation of actuarial work. Some of the first known actuarial work used experience study information to solve problems. The use…
Read MoreSEC – Variable Life – 12%
SEC – Variable Life – 12% 1996 – NAIC – Variable Life Illustrations Subgroup of the Life Disclosure (A) Working Group – June 2, 1996 Mr. Morse reported that under the current rules, a personalized illustration may be prepared using 0% and 12%. The 12% includes the current morality and expenses and the 0% illustration…
Read MoreACLI – IUL – Indexed Universal Life Insurance
ACLI – IUL 1. Voted to Expose the ACLI and the Alternative Actuarial Guideline for IUL Illustrations Paul Graham (American Council of Life Insurers–ACLI) said the ACLI’s proposed actuarial guideline for indexed universal life (IUL) illustrations (Attachment Eight-A) was approved by a supermajority of members of the ACLI Life Insurance Committee, the CEO Steering Committee…
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