1990s – Prudential Insurance Company – Snippets

  • I would say to all of you that if you think that you don’t have any customers or any agents who fail to understand what a nonguaranteed illustration really means, you’re kidding yourself.
    • And if you don’t think that you have customers out there (which means agents also) who believe that a vanishing premium illustration means that the policy becomes paid up in contractual terms, you’re kidding yourself.
    • We are going to learn by doing as we all go through this period of more and more unfulfilled policyowner expectations.

—  Walter Miller, Prudential

1991 – SOA – Illustrations, Society of Actuaries – 20p

  • I think you have to catch people’s attention, and that is all to the good.

—  George Coleman, Prudential, TRG-Technical Resource Group for the NAIC (Industry Advisory Group – Illustrations)

1994 – SOA – Problems and Solutions for Product Illustrations, Society of Actuaries – 28p