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

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

• 1991 – SOA – Illustrations, Society of Actuaries  —  [BonkNote]  —  20p
  • JUDY FAUCETT: We’re going to discuss the preliminary report of the Task Force for Research on Life Insurance Sales Illustrations.
  • 1991-1992 – SOA – Final Report* of the Task Force for Research on Life Insurance Sales Illustrations, Society of Actuaries – 142p
  • Appendix II – Illustration Examples

• James F. Reiskytl: If the contracts will not provide for coverage for life, for example, although they put the name whole life or universal life on them, some disclosure should be made.
• Michael Roscoe: They are looking for a low premium for permanent insurance, and there are going to be some rude awakenings for the industry in the not-too-distant future.
• Thomas L. Bakos: Anybody who believed an illustration that purported to demonstrate cost would be a foolish person.