Guaranteed Premium and Benefits Patterns Summary 7 results (0.32 seconds) 5/24/2020 – Google Search   life insurance disclosure – NAIC Delivery of the Guaranteed Premium and Benefits Patterns Summary shall be consistent with the time for delivery of the Buyer’s Guide as specified in Paragraph … ACLI Comments 6/21/19 – NAIC Jun 21, 2019 – and Guaranteed Premium and Benefits…

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Guaranteed Gross Premium Guaranteed Maturity Premium (GMP) For purposes of determining the guaranteed gross premiums used in the demonstration in Section 6.B.2: a. For universal life policies, the guaranteed gross premium shall be the premium specified in the contract, inclusive of any applicable policy fee, or if no premium is specified, then the level annual…

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GMP – Guaranteed Maturity Premium The Model Regulation assumes that future premiums will be paid at the whole life level, and calls this premium the GMP [the guaranteed maturity premium]. [Bonk: Universal Life Model Regulation – NAIC] —  Shane Chalke 1984 – SOA – NAIC Update, Society of Actuaries – 24p  A regulator had told them that…

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Guarantees Only – Illustrations The regulators reached a decision to require that illustrations only show guarantees of future performance and actual past performance. 1994-1 NAIC Proc.  A concern I have about illustrating guaranteed only is the potential pressure that can be put on companies to strengthen their guarantees. There was a recent article in the…

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NGEs – Non-Guaranteed Elements Assumptions Cost of Insurance – COI Interest Rate Non-Guaranteed Elements Work Group – NGEWG – AAA 2022 – SOA – Overview of Nonguaranteed Elements (NGEs), Society of Actuaries – 22p I have a theory that the difficulties the life industry faced with illustrations, including the billions lost in lawsuits, stemmed from…

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