1980s
We've seen more product change and more increasing frequency of product change in the 1980s than ever before.
-- William R. Britton, Jr.
1988 - SOA - Group Universal Life Product, Society of Actuaries - 22p
So, here we are in May, 1982.
- I submit that this is MAYDAY for the life insurance industry.
Why is the life insurance industry in distress?
High inflation rates and high interest rates have inhibited cash value sales, induced a shift from cash value to term, and caused the lapsation of mature in force policies.
- Thus, 1981 and 1982 have marked a product revolution in the llfe insurance industry.
-- Frederick S. Townsend, Jr., (general partner of the New York Stock Exchange member firm of Conning and Company)
1982 - SOA - Diversification of Life Insurance Companies, Society of Actuaries - 20p
1981 — GAO - Billions of Dollars Are Involved in Taxation of the Life Insurance Industry--Some Corrections in the Law Are Needed
1982 — GOV - Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA)
1983 — GOV - Tax Treatment of Life Insurance
1984 — GOV - Deficit Reduction Act of 1984 (DEFRA)
1984 — JCT - MAJOR ISSUES IN THE TAXATION OF LIFE INSURANCE PRODUCTS 50p bonknote
1984 — GOV - TAX TREATMENT OF LIFE INSURANCE PRODUCTS AND POLICYHOLDERS
1988 — GOV - Investment Uses of Life Insurance