Sales
LIRP – Life Insurance Retirement Plan
LIRP – Life Insurance Retirement Plan LIRP Life Insurance Retirement Plan Life Insurance Retirement Planning Life Insurance in Retirement Planning SLIRP ESLIRP – Executive Supplemental Life Insurance Retirement Plan 199xs – Metlife – legal case – Nurses LC – Walker v Life Insurance Company of the Southwest — [BonkNote] Doug Andrew LASER Fund David McKnight 2012…
Read MoreLife Insurance as Investment
Life Insurance as Investment 2012 0106 – CurrinCompliance – NAIC Sends Mixed Message on Life Insurance as Investment – [link] (p34) – John H. Filer, Chairman of the Board, AETNA Life & Casualty: Whole life insurance is not partially insurance and partially savings. It is wholly insurance. It is not designed to provide for the possibility…
Read MoreMeaningful Disclosure
Meaningful Disclosure Teresa Winer (GA) said that disclosure is helpful, but only if it is meaningful. 2019 0917 – NAIC Proceedings (Fall, 6-77) – LIIIWG – Life Insurance Illustrations Working Group …. would they know what that really means in terms of the risk to them and how it would interact with…… — Brian Brosnahan,…
Read MoreDIY – Do It Yourself
DIY – Do It Yourself 28 Oct 1981, Wed Journal and Courier (Lafayette, Indiana) Newspapers.com In fact, it is accurate to describe Universal Life as a generalized version of the actuarial formulas underlying traditional life insurance products. In other words, it is possible to produce any traditional plan of insurance from the generalized formulas underlying…
Read MoreBTID – Buy Term Invest the Difference
BTID – Buy Term and Invest the Difference Term Life Insurance A. L. Williams, Term-ites, Universal Life Insurance In the last two years a new product has surfaced – combining the buy term and invest the rest into one product which is tax sheltered from the buyer’s point of view. This product is the so-called…
Read More1990-1A, NAIC Proceedings – NAIC / LIMRA – Universal Life Disclosure Form Focus Group Summary – 10p
1990-1A, NAIC Proceedings – NAIC / LIMRA – Universal Life Disclosure Form Focus Group Summary – 10p 1990-1A, NAIC Proceedings – NAIC / LIMRA – Universal Life Disclosure Form Test Market Results – Focus Group – CIDWG – Consumer Issues Disclosure Working Group — [BonkNote] — 10p 1993 – NAIC – Policy Information for Applicant -…
Read MoreSingle Premium Life Insurance
Single Premium Life Insurance SPL – Single Premium Life SPWL – Single Premium Whole Life 1988 0315 – GOV (House) – Investment Uses of Life Insurance, Charles Rangel (D-NY) [PDF-257p-GooglePlay, VIDEO-?] 1988 0325 – GOV (Senate) – Tax Treatment of Single-Premium Life Insurance, Max Baucus, (D-MT) — [BonkNote] LIRP – Life Insurance Retirement Plan In the…
Read MoreSales Process
Sales Process The agent, as a result of not understanding the illustration, may misrepresent the product to the consumer. — Judy Faucett 1992 – SOA – Life Insurance Sales Illustrations, Society of Actuaries – 16p Mr. Wright said the Society of Actuaries report referred to the fact that companies said they had no control over what agents…
Read MoreNeed to Take a Broader Look at How All Products are Explained to Consumers
….need to take a closer look at how all products are explained to consumers. Mr. Schwartzer reminded the Working Group that the Life Insurance Illustration Issues (A) Working Group came out of concerns raised when the Indexed Universal Life (IUL) Illustrations (A) Subgroup under the Life Actuarial (A) Task Force was working on guidance for IUL policy…
Read More7702 – IRC – Internal Revenue Code
7702 – IRC – Internal Revenue Code GLP – Guideline Level Premium IRS – Section 7702.—Life Insurance Contract Defined – irs.gov/pub/irs-drop/rr-05-6.pdf jct.gov/publications/?searchWithin=7702&sort=dateASC&it=content&mpp=48 Christian J. DesRochers, John T. Adney Robert MARKS: Do any companies have concerns regarding not being able to charge a premium that would be high enough to mature the policy on a current…
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