Archive for August 2020
Lincoln Life
Lincoln Life We designed commission rules that anticipated a relatively large number of rollovers of existing policies;. ..full commissions are paid provided the new Universal Life face amount is at least two times the face amount of the replaced policy. — Phillip B. Norton, not a member of the Society, is Vice President of The…
Read MoreFidelity Union
Fidelity Union Life James Collins (R-TX) Former member of the U.S. House of Representatives Father, Carr Collins Sr., founded the Fidelity Union Life Carr Collins Sr. W. Lee O’Daniel, Texas Governor / US Senator – pics 1979 – LC – Perry v. Fidelity Union – Google Scholar wikipedia.org/wiki/Fidelity_Union_Life_Insurance_Company The ranking Republican on the subcommittee Rep James…
Read MoreWalker vs. LSW – Life Insurance Company of the Southwest
Walker v LSW – Life Insurance Company of the Southwest 2000s – LC – Walker v LSW, Life Insurance Company of the Southwest — [BonkNote] Walker v LSW – Index DocketBird Docket Sheet – [link] ia800306.us.archive.org/1/items/gov.uscourts.cacd.488775/ lifeinsuranceconsumeradvocacycenter.org/?s=walker lswclassaction.com/ lswclassaction.com/Home/FAQ#faq9 Pacer Docket Sheet The fact that we charge people fees that we have disclosed and that…
Read MoreJacob Jacoby
Jacob Jacoby 1978 – “Consumer accessing and use of information in making life insurance purchase decisions” A technical report submitted to the Life Insurance Task Force of the Federal Trade Commission , (61 pages; + 50 page appendix). — <Bonk: Found. I did a FOIA Request for all 3, but they only had this one.>…
Read MoreCost of Insurance
Cost of Insurance Maybe we can jiggle a bit with our cost of insurance rates. — Michael R. Tuohy 1985 – SOA -Variable Life Insurnce in Canada and the United States, Society of Actuaries – 24p SOA – Agent – I didn’t know Costs Came Out Commissioner Lyons reported that the working group feels strongly…
Read MoreAnnual Statement
Annual Statement This can also allow for a low first-year target premium. On the other side, however, it may cause some difficulties in terms of the annual reporting to the policyholder if, indeed, the policyholder really pays attention to the statement sent to him. — Christian J. DesRochers 1983 – SOA – Universal Life (RSA83V9N212), Society…
Read MoreRemember
Remember Mistake??? 1983 LIBG – 1996 LIBG – Changed Charge to Premium SOA Dinney – 1982 – Conservation Efforts Harman – 1980s – EF Hutton Desrochers – Book – Adjustable Life = Adjustable Whole Life The NAIC people are probably unaware of some of these exact distinctions. — Arnold Dicke, 1995 – SOA -…
Read MoreRefind
Refind SOA What if all agents don’t know stuff? Walker v LSW Why would you pay more Cash Value guaranteed NAIC Agent – I didn’t know Costs Came Out Van Mueller Polic Mechanics it’s not a 10 pay / paid up policy Metzenbaum the US Economy goes the way of the life insurance industry 2008 0917…
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