Prudential Insurance Company – Vanishing Premium

Prudential - Vanishing Premium

1997 - LC - In re Prudential Ins. Co. of Am. Sales Practices Litig., 962 F. Supp. 450, 525 (D.N.J. 1997) (discussing the vanishing premium, improper replacement ("churning"), and deceptive investment scheme claims)
1998 - LC - In re Prudential Ins. Co. of Am. Sales Practices Litig., 148 F.3d 283 (3d Cir. 1998)

Report - Multi-State Life Insurance Task Force and Multi-State Market Conduct Examination of The Prudential Insurance Company of America
1994 0613 - apnews - Life Insurance Buyers Allege Misleading Sales Tactics Were Used With PM-Vanishing Premiums-Illustrations, by Mark Dennis - [link]
1995 - LC - The Prudential Insurance Company of America Sales Practices Litigation - United States District Court, D. New Jersey.
- 911 F. Supp. 148 (1995)
- MDL No. 1061. - United States District Court, D. New Jersey. - December 19, 1995.
1995 - LC - In Re: PRU SALES LITIGATION, et al v. PRUDENTIAL INSURANCE, et al
- 95-4704, 2:1995cv04704, New Jersey District Court, 09/01/1995 - 02/17/2021
- govinfo.gov/app/details/USCOURTS-njd-2_95-cv-04704/USCOURTS-njd-2_95-cv-04704-2/context
- pacermonitor.com/public/case/7954107/In_Re_PRU_SALES_LITIGATION,_et_al_v_PRUDENTIAL_INSURANCE,_et_al_
- 975 F.Supp. 584 (1996) Civil Action No. 95-4704. MDL No. 1061. United States District Court, D. New Jersey -- In Re Prudential Insurance Co. of America Sales Practices Litigation, 975 F.Supp. 584 (D.N.J. 1997)
- Google Scholar
1995 0103 - WSJ - Fine Print Victims: Some Agents 'Churn' Life Insurance Policies, Hurt Their Customers, by Leslie Scism - <WishList>
- Available online: https://search-ebscohost-com.zeus.tarleton.edu/login.aspx?direct=true&db=conedsqd5&AN=edsbig.A15977653&site=eds-live (accessed on 5 October 2022).
  - Does Corporate Social Responsibility Affect the Timeliness of Audited Financial Information? Evidence from “100 Best Corporate Citizens”, by Ebenezer K. Lamptey, Jin Dong Park and Isaac Bonaparte - https://www.mdpi.com/1911-8074/16/2/60?type=check_update&version=2
- In April 1995, more than a year after the first private suit, the Multi-State Life Insurance Task Force was formed.
  - ⇒ Prudential shows that private claims for relief are absolutely crucial to ensure that victims of insurance fraud receive restitution. Id.
  - 2000 - LR - The Filed Rate Doctrine and Insurance Fraud Litigation, by Allan Kanner - 33p

Thus, we have universal life policies with a so-called low target premium where excess interest earnings can carry the policy for the whole of life with the payment of that low premium.
We have the other extreme where the premium is higher but through the use of dividends or excess interest earnings, premiums are paid for only a few years.

-- John L. Marcus

Senior Vice President of Prudential, in charge of the Insurance Services department.
- He is also Chairman of Pruco Securities and Vice-Chairman of Pruco Life. In these capacities he is responsible for the development of Prudential's investment type products.
At its inception, Mr. Marcus was a deputy on the American Council of Life Insurance (ACLI) Task Force on Financial Services Integration.
- As a member of its Blueprint Committee he was one of the authors of the ACLI's study of financial services in the 1980's. <WishList>

1984 - SOA - Deregulation of Financial Industries (rsa84v10n221), Society of Actuaries - 30p

1985 0719/0722 - GOV (House) - Comprehensive Tax Reform (9parts), CSPAN (Impact of Tax Reform on Insurance Industry)
- [PDF-GooglePlay-Part 7 of 9-1175p, VIDEO-CSPAN]
- Robert Beck - (Prudential CEO) - Under some permanent insurance, contracts being sold today, the chances are you could stop paying after 7, 8, or 9 years and the insurance would remain in force for the rest of your life without further premium payments. (p6069) / (VIDEO-CSPAN - (at approx. 2:27:00-2:27:30)
- Witnesses testified on the effects that President Ronald Reagan’s proposed tax reform will have on the Life insurance industry.
- House - Committee on Ways and Means