Combined Insurance Company of America

  • In 1965, when Combined Insurance Company determined that the time was right for it to enter the life insurance market, Walter Chapin was hired as a consultant.
    • Walter suggested a product concept from which was designed that first "prototype" adjustable policy.
    • It was adjustable in that it permitted the policyholder to, at his option, adjust his face amount.

--  Spencer Koppel  

1979 - SOA - Future Trends and Current Developments in Individual Life Products (rsa79v5n44), Society of Actuaries - 24p