Universal Life – Advertisements 1990 1022 NP Ad Farm Bureau Insurance Universal Life.PNG 1987, May 28 – NP – Novi News, p3 Sun, Jan 23, 1983 – 34 · The News Leader (Staunton, Virginia) · Newspapers.com

Read More

SOA – Society of Actuaries Actuarial – Index SOA – Index SOA – 1940s SOA – 1950s SOA – 1960s SOA – 1970s SOA – 1980s SOA – 1990s SOA – 2000s SOA – 2010s SOA – 2020s The work of science is to substitute facts for appearances and demonstrations for impressions.  long-standing motto of…

Read More

Adjustable Life Insurance Adjustable Life Descriptions Universal Life as Adjustable Life Universal Life and Adjustable Life are Different Q: What Came First Universal Life or Adjustable Life? 1977 – October – Changing Times – Adjustable Life 1977 10 – Changing Times – Adjustable Life 1978 0812 – The Washington Post – Insurors Joining Adjustable Policy…

Read More

Agents Agents – Index Training, Knowledge, Ethics, Recruitment, Lawsuits, Government Testimony, Academic papers, FSP Paper, No difference how well-intentioned and honest an insurance man’s advice may be it may prove very expensive and harmful if not based on accurate knowledge. (p28) —  Isaac Miller Hamilton, President of the· Federal Life Insurance Company 1914 – Conference…

Read More

In-Force Illustrations It would be most useful if the updated illustration was designed to fit the needs of the policy owner. The insurer won’t have this information. 1995-1, NAIC Proceedings 2015 0515 – Letter – AXA Equitable, Brian R. Lessing, to NAIC (LATF) However, we believe that all sections of the guideline should apply to all inforce…

Read More

Illustration Illustrations – Index In the January 1987 issue of Insurance Forum Joseph Belth makes the statement : In my opinion, life insurance sales illustrations are out of control. Furthermore, I am not aware of any significant attempts by any insurance organization or by the actuarial profession to deal with the problem. 1987 01 -…

Read More

Legal Cases Legal Cases – Index Andrea v. Metro. Life Ins. Co., No. 00-0911, 2000 WL 35361960, at *2 (D.N.J. Aug. 14, 2000). The actual versus expected performance for some Universal Life policies led to class-action lawsuits that have caused a substantial amount of negative attention to be focused on cash-value life insurance in the…

Read More

Federal Government Bills Government Hearings Congress – FTC – GAO – JCT  National Economic Council President’s  1999 – Leach – GOV – Committee– Sounds like FSOC ffiec.gov/ – Federal Financial Institutions Examination Council CONGRESS 1990s 1991 – How Insurance Laws Are Made: The NAIC and State Adoption of NAIC Laws 1992 – Consumer Disclosure of Insurance …

Read More

Illustrations – Media 1992 – The Telegraph (New Hampshire) – Uncover Truth in Life Insurance, by Jane Bryant Quinn – [link-GoogleNews] 1994 0708 – Chicago Tribune / Kiplingers – Looks Can Be Deceiving, by Kristin Davis –  1996 0716 – The Buffalo News – Prudential Case Shows Need for Insurance Industry Reform. by James Odato…

Read More