Archive for August 2020
Q: Is it Accurate to Call Universal Life a Whole Life Policy…..Maybe Not….
Q: Is it Accurate to Call Universal Life a Whole Life Policy? Maybe…Maybe Not…. Who refers to Universal Life as Whole? As long as you pay the premium Permanent insurance is a term used only by the industry – not by consumer educators. We would prefer – Life insurance comes in two basic types: Term…
Read MoreTexas
Texas Universal Life Universal life insurance is more flexible than whole life. You can change the amount of your premiums and death benefit. But any changes you make could affect how long your coverage lasts. If your premiums are lower than the cost of insurance, the difference is taken from the cash value. If the…
Read MoreJames C.H. Anderson
James C.H. Anderson Jim Anderson 1959-?-? – Georgia International Life Insurance Co. 1964 1021 – The Atlanta Constitution – Lyndon Johnson – p5 1966 0214 – The Atlanta Journal – Great International Life Insurance Co.- p39 1968 1028 – The Atlanta Journal – Abbey International Corp – p30 1972 0109 – The Atlanta Constitution -…
Read MoreAnna Rappaport
Anna Rappaport The Actuarial Foundation – Emeritus Trustees – 2023 Until the buyer understands how the product works, attempts to compare price are essentially meaningless. 1972 – SOA – Life Insurance and the Buyer by Anna Rappaport, Society of Actuaries – 2p-Article Everybody has been talking a lot about a paper by James Anderson on…
Read MoreInformed Consumer-2
Informed Consumer 2016/4/3 – Life Insurance Illustrations Working Group Conference Call – NAIC Proceedings ……consumers being better able to understand the product performance…… ……need to take a broader look at how all products are explained to consumers…….. 2016 vs. 1982 1982 Proc. II 359-360 – Universal Life Model Regulation – Citations The Universal…
Read More1982-2, NAIC Proceedings
1982-2 Advisory Committee on Policy Lapsation LIFE INSURANCE COST DISCLOSURE·HISTORICAL BACKGROUND – Attachment 1 (p485-486) LIFE INSURANCE [SOLICITATION] DISCLOSURE MODEL REGULATION – Attachment Two – The chairman then indicated that he had received a proposed revision of the NAIC life insurance solicitation model regulation submitted by the ACLI.(p487-499) (524-526) – STATEMENT ON BEHALF OF THE…
Read MoreNew Jersey
New Jersey Tom Considine 2010-2012 – New Jersey Insurance Commissioner ? – Current (as of 2023) – CEO – NCOIL, National Council of Insurance Legislators Board – InsuranceFraud.org-BonkNote Paul DeAngelo James J. Florio – (D-NJ) 1975-1990 – US House 1987 0701 / 0729 and 1014 – GOV (House) – Developments In State Insurance Regulation, James…
Read MoreAdvertisements of Life Insurance and Annuities Model Regulation – NAIC
Advertisements of Life Insurance and Annuities Model Regulation (570) – NAIC In 1985 a committee looked at problems associated with sales of annuities coupled with life insurance. One suggestion was to prohibit the sale of combination products. Another suggestion was to review the advertising rules to clearly indicate the joint responsibility of insurers and agents…
Read MoreRetirement Security Working Group – NAIC
Retirement Security Working Group (RSWG) – NAIC https://content.naic.org/cipr_topics/topic_retirement_security.htm
Read MoreTerm Life Insurance
Term Life Insurance ART – Annual Renewable Term BTID – Buy Term and Invest the Difference Term-ites A.L. Williams Primerica Decreasing Term Deposit Term Life Insurance Group Term Indeterminate Premuim Yearly Renewable Term Level Premium Term Mortgage Insurance Participating Term Life Insurance Term Conversions 1975 – SOA – An Approach to Reserve for Term Insurance…
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