Traditional Non-Traditional Q: Is Universal Life Insurance a Traditional Product?  (p1) …..American consumers pay a bill without having more than a somewhat vague idea of what they are buying. If this were the result of flimflam, enforcement agencies would have been all over the sellers years ago. But this is not intentional flimflam it is…

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Q: Is Universal Life Insurance a Traditional Product? Due to the unique nature of universal life products, a number of states have issued guidelines governing the sale of such products. These guidelines address contractual requirements as well as policyholder disclosure procedures. —  Leonard E. Odell, ACLI 1981 – SOA – Universal Life (RSA81V7N412), Moderator: Samuel H.…

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Non-Traditional NON-TRADITIONAL LIFE INSURANCE PRODUCTS NTNI – Nontraditional and Non-insurance – IAIS Non-Traditional Risks The obvious question that springs to mind when asked to consider non-traditional life products is what is meant by “non-traditional”? Upon reflection, virtually every product of significance in today’s market can be termed non-traditional in one way or another. — Trevor…

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NTNI – Nontraditional and Non-insurance Non-Traditional “Non-traditional Non-insurance Activities and Products” Non-traditional Non-insurance Activities and Products Public Consultation – Consultation: comments due by 25 January 2016 admin.iaisweb.org/index.cfm?event=showPage&nodeId=57972&edit=true#_ftnref1 IAIS 1. MetLife does not engage in non-traditional non-insurance activities that create any appreciable systemic risk. 2014 0730 – Letter – Benjamin Lawsky (New York Superintendent of Financial Services)…

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Non-Traditional Risks Non-traditional risks pose the greatest threat Top three were: customer loyalty competitive threats operational failure 2001 12 – NAIC – Risk Management in the Insurance Industry –  Session 7a – 51p 2008 – SOA – Economic Capital for Life Insurance Companies, Society of Actuaries – 63p 19. Large life insurance groups have expanded…

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Non-Traditional Life Insurance Products GICS – Guaranteed Investment Contract Investment-Oriented Products NTNI – Nontraditional and Non-insurance Q: Is Universal Life Insurance a Traditional Product? 1996 – SOA – Legal Issues Affecting Nontraditional Products, Society of Actuaries – 14p A new exposure draft of a revised model regulation has been prepared by the staff of the…

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