Illustrations
ACLI – TRG – Technical Resource Goup, Industry – Illustrations – NAIC
ACLI – TRG – Technical Resource Goup – NAIC George Coleman, Prudential, ACLI, TRG-Technical Resource Group for the NAIC (Industry Advisory Group – Illustrations) Life Disclosure Working Group – (A) – NAIC I think you really have to make sure that people understand volatility, whether you solve for a policy blowing up or values being…
Read MoreIllustrations – COI – Cost of Insurance
Illustrations – COI – Cost of Insurance … the Court likewise discerns no bad faith in LSW’s decision to illustrate policy performance net of fees rather than to illustrate those fees as separate line items in all instances. 2015 0415 – LC – Document 791 – Order Regarding Post-Jury Trial UCL Proceedings Judge Selna -…
Read MoreLIIIWG – Life Insurance Illustrations Issues Working Group – NAIC – Index
LIIIWG – Life Insurance Illustrations Issues Working Group – NAIC – Index LIIIWG – Life Insurance Illustration Issues Working Group – NAIC LIIIWG – before start LIIIWG – Ad Hoc Group LIIIWG – extra liiiwg – Questions LIIIWG – References / Documents LIIIWG – Snippets LIIIWG – Snippets of NAIC Proceedings 508 – Timeline –…
Read More1994 – SOA – Problems and Solutions for Product Illustrations, Society of Actuaries – 28p
1994 – SOA – Problems and Solutions for Product Illustrations, Society of Actuaries – 28p 1994 – SOA – Problems and Solutions for Product Illustrations, Society of Actuaries – 28p BRADLEY E. BARKS (Chief Product Actuary for LIfeUSA Insurance Company: The subject we are going to talk about is life insurance and disclosure regulation, which the NAIC is working…
Read More1991-1992 – SOA – Final Report of the Task Force for Research on Life Insurance Sales Illustrations – Society of Actuaries – 142p
1991-1992 – SOA – Final Report* of the Task Force for Research on Life Insurance Sales Illustrations, Society of Actuaries – 142p 1991-1992 – SOA – Final Report* of the Task Force for Research on Life Insurance Sales Illustrations, Society of Actuaries — [BonkNote] — 142p Appendix II – Illustration Examples *Opinions expressed herein are…
Read MoreIllustrations – Cost
Illustrations – Cost Until the buyer understands how the product works, attempts to compare price are essentially meaningless. 1972 – SOA – Life Insurance and the Buyer, by Anna Rappaport, Society of Actuaries – 2p-Article Walker v LSW Judge, Defense Attorney GOV – no room on page New York – OGC Op. No. 07-08-11 – The…
Read MoreIllustrations – Expectations
Illustrations – Expectations Robert E. Wilcox, Utah Insurance Commissioner and Chairman of the Life Disclosure Working Group (NAIC) – If the policyholders’ expectations are built around the concept that they are going to get a fair dividend, and that fair dividend means that, if the interest rate goes up, policyholders get more, and if rates…
Read MoreMisleading Illustrations
Misleading Illustrations Apples and Oranges. We continue to put out these apples vs. oranges illustrations. We’re misleading our policyholders. We are providing the ammunition to make replacements of inforce policies with new coverage that is not in the policyowner’s best interest. — Walter Miller: 1983 – SOA – Surplus Distribution and Allocation for New and…
Read MoreDots – Tools – Policy Summary / Coverage Period / Illustration
Dots – Policy Summary The computer-produced policy specifications page shows the face amount, gross premium, protection period, and premium paying period. — Alice M. Neenan 1978 – SOA – Adjustable Life Products, Moderator: Samuel H. Turner, Society of Actuaries- 20p STATEMENT ON BEHALF OF THE AMERICAN COUNCIL OF LIFE INSURANCE TO THE NAIC (A) COMMITTEE’S…
Read More2019 0917 – LIIIWG – NAIC – Life Insurance Illustrations Issues Working Group – Proceedings (Fall, 6-77) – Cost of Insurance
2019 0917 – NAIC – LIIIWG – Life Insurance Illustrations Issues Working Group – Proceedings (Fall, 6-77) – Cost of Insurance 2019 0917 – NAIC – LIIIWG – Life Insurance Illustrations Issues Working Group – Proceedings (Fall, 6-77) – Cost of Insurance (COI) — [BonkNote] (A) – NAIC Proceedings (B) – [Bonk: Not in NAIC…
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