Dots - Illustrations Research
- 1991 - SOA - Illustrations, Society of Actuaries --- [BonkNote] --- 20p,
- JUDY FAUCETT: We're going to discuss the preliminary report of the Task Force for Research on Life Insurance Sales Illustrations.
- 1991-1992 - SOA - Final Report* of the Task Force for Research on Life Insurance Sales Illustrations, Society of Actuaries - 142p
- Appendix II - Illustration Examples
- 1992 - SOA - Life Insurance Sales Illustrations, Society of Actuaries - 16p
- 1990-1A, NAIC Proceedings - NAIC / LIMRA - Universal Life Disclosure Form Focus Group Summary, Consumer Issues Disclosure Working Group - NAIC --- [BonkNote] --- 10p
- A great deal of the confusion seems to stem from a lack of understanding of how cash value insurance products work and a lack of understanding of insurance terminology.
- Also, because most people presume that if you pay your premium continuously, your policy will remain in effect, quite a few people had a hard time understanding how or why the policy would terminate in policy year 31.
- This was simply foreign to their way of thinking.
- One person was so confused that he said that the maturity age and endowment benefit were moot points, since the policy was going to end at year 31 anyway.
- 1993 0525 - GOV (Senate) - When Will Policyholders Be Given The Truth About Life Insurance?, Senator Howard Metzenbaum (D-OH) --- [BonkNote]
- (p1) - Senator Metzenbaum: We heard from actuaries, insurance agents.
- State officials, beneficiaries, and we saw pages and pages of life insurance illustrations that were practically incomprehensible, and we were given a report by the Society of Actuaries.
- Senate - Committee on The Judiciary - Subcommittee on Antitrust, Monopolies and Business Rights