Debatable
Premiums, Costs, Values and Benefits
Premiums, Costs, Values and Benefits Premiums and Benefits – Index P1P2 – Policy Mechanics / Cash Flow / Language In the case of true Universal Life…the product is modular and adjusts instantaneously to changes in benefits, premiums, and experience. — George R. Dinney: 1982 – SOA – Programs to Conserve Traditional Life Insurance Policies, Society of…
Read MoreQ: Could AIG Have Separated AIGFP from the Insurance Companies?
Q: Could AIG Have Separated AIGFP from the Insurance Companies? 2009 1231 – Examination Report of AIG – AGC Life Insurance Company – Missouri – 25p Hank Greenberg (Former AIG CEO) 2009 0402 – GOV (House – Oversight and Reform) – The Collapse and Federal Rescue of AIG and What It Means for the U.S. -…
Read MoreQ: Who At AIG Was Responsible for Securities Lending?
Q: Who at AIG Was Responsible for Securities Lending? AIGFP and AIG Securities Lending – Connected? Outside of the holding co., the insurance subs have about $68B in securities lending liabilities to the 12 largest firms. Program is managed by the holding company (AIG Financial Products). 2008 0912 – FCIC – 2008-09-12 Alejandro LaTorre Email…
Read MoreQ: Did Insurance Regulators tell AIG to Wind-Down their Securities Lending Business?
Q: Did Insurance Regulators tell AIG to Wind-Down their Securities Lending Business? This regulator said it began discussions with the company about securities lending in 2006. ⇒ AIG told us it was unaware of the regulator’s concerns. (p15) 2011 09 – GAO – Review of Federal Reserve System Financial Assistance to American International Group, Inc…
Read MoreQ: What is the NAIC – National Association of Insurance Commissioners?
What is the NAIC? It is unprecedented that the Federal Government would give such power to a private trade association—I repeat, a private trade association—or to what NAIC immediate past resident Walter Bell of Alabama in an April 9, 2007, letter called: ‘‘a 501(c)(3) nonprofit corporation with voluntary membership and not a State government entity.’’…
Read MoreTroubled Companies
Troubled Companies During the early 1990s, however, the solvency problems of the life insurance industry increased, climaxing in the failure in 1991 of several large insurers– Executive Life Insurance Company, First Capital Life Insurance Company (EF Hutton) Fidelity Bankers Life Insurance Company, Monarch Life Insurance Company, and Mutual Benefit Life Insurance Company. Assessments for Executive…
Read MorePermanent
Permanent Plan of Insurance Permanent Plan Permanent Life Insurance Why is Universal Life Insurance sometimes called Whole or Permanent? Universal Life as Permanent / Whole / Other Term Perm The … company is to determine for itself which of its plans are to be treated as term insurance and which as permanent. The original instructions…
Read MoreInformation Barriers
Information Barriers 2010 0910 – WSJ – ‘Systemic Risk’ Stonewall: Some Bailout Questions the Fed Still Hasn’t Answered — [BonkNote] — [link] [Bonk: Who authored this article?] Data Access Dr. Yager said he attended some of the NAIC computer sessions in Detroit and he found the NAIC databases to be fascinating but that he could not…
Read MoreTarget Market
Target Market I have a comment which you can respond to if you wish. Universal Life might well be a more appropriate product than Adjustable Life for the very sophisticated, very high premium, as you mentioned, product or sale. However, I think that there is a major segment out there where Universal Life Just would…
Read MoreSales Practices
Sales Practices Frankly, I think that present sales practices give dividend “illustrations” too much prominence compared with actual dividend histories. — KENNETH R. MACGREGOR 1971 – MUTUAL LIFE INSURANCE COMPANIES–THEIR OBJECTIVES AND OPERATING PHILOSOPHY, Society of Actuaries – 250p
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