Spencer Koppel
- linkedin.com/in/spencerkoppel/
- 1966-1985 - Combined Insurance Company of America - Senior Vice President and Chief Actuarial Officer
- 1985-1988 - Union Fidelity Life - Chief Operating Officer
- 1988-2004 - QED Consulting - President
- In 1965, when Combined Insurance Company determined that the time was right for it to enter the life insurance market, Walter Chapin was hired as a consultant.
- Walter suggested a product concept from which was designed that first "prototype" adjustable policy.
- It was adjustable in that it permitted the policyholder to, at his option, adjust his face amount.
1979 - SOA - Future Trends and Current Developments in Individual Life Products (rsa79v5n44), Society of Actuaries - 24p
- The contract [Universal Life] is a lot like the Adjustable Life concepts of The Bankers and Minnesota Mutual, with the significant, additional flexibility that a plan change is not required each time there is a change in premium payments.
1979 - SOA - Future Trends and Current Developments in Individual Life Products (rsa79v5n44), Society of Actuaries - 24p
- 1980 - SOA - The Future of Permanent Life Insurance (rsa80v6n19), Society of Actuaries - 28p
- p20 - MR. KOPPEL: Okay, I'll put on my radical hat and agree that there is nothing wrong with General Motors putting Chevy engines in Oldsmobile cars, if they disclose that that's what they're doing and if they can provide such a car at a lower cost than by putting Oldsmobile engines in Oldsmobile cars.