Problem - Policyholder Expectations

  • The most obvious is if we fail policyholder expectations, we may have policyholder suits.

-- Larry R. Robinson, Chairman of the ACLI Subcommittee on Cost Comparisons

1988 - SOA - Actuarial Opinion on Non-Guaranteed Elements, Society of Actuaries - 12p

Blumenthal v New York Life - Deposition - Pay Premium

What I noticed was there is a requirement for in-force illustrations, and people may have thought they bought one thing and whenever you have to give them an in-force illustration with a current disciplined scale, they're going to realize they bought something else.

I think many companies will have serious problems with policyholder retention.

  --  Mark J. Greene, FSA. MAAA, Supervising Actuary, New York State Insurance Department

1995 - SOA - Practical Illustrations and Nonforfeiture Values, Society of Actuaries - 14p