Debt Issuance Global Debt Issuance 2019 – FRB-C – Working Paper, No. 2019-08, 2019 – Asymmetric Information, Dynamic Debt Issuance, and the Term Structure of Credit Spreads, By Luca Benzoni, Lorenzo Garlappi, Robert S. Goldstein – [link]

Read More

Securitization content.naic.org/cipr-topics/life-insurance-securitization The comment is regarding our discussion of structured transactions wherein securitization of policyholder loans was also mentioned. We at Prudential-Bache are still working on a structured transaction involving policyholder loans. — Dr. V. Michael Shante 1987 – SOA – New Investments and New Investment Strategies, Society of Actuaries – 48p The article discusses the…

Read More

Global Debt Issuance 2019 – New York Life – $19B – [LINK] 2020 1113 – Athene – 15B – Offering Memorandum is November 13, 2020

Read More

Principal Life Formerly Bankers Universal and variable universal life insurance products offer the policyholder the option of adjusting both the premium and the death benefit amounts of the insurance contract. 2012 – 10k (SEC) – Principal Financial Group – [LINK] <Bonk: The word “permanent” does not appear in the 10k “Whole Life” is under “Traditional…

Read More

Lapse vs Surrender Lapses and Surrender Charges Ideally you would like to compare lapses (no cash value) and surrenders (with cash value). 1994 – SOA – VALUATION ACTUARY SYMPOSIUM PROCEEDINGS – SESSION 8 – Life and Deferred Annuity Liability Models – 32p

Read More

Nuances Lapse vs Surrender P1P2 It is not the marketing strategy. It is a marketing strategy. That’s a nuance that’s an important one to us. –Matthew DeSantos (LSW), (p15-16), 2014 0423 – DOC 812 – Trial Transcript – 194p Most term policies don’t build up cash values that you can use in the future. 2018 – NAIC Life Insurance…

Read More

Universal Life – Whole Life or Any Plan – History Rewritten Universal Life is not well understood and part of the mystery about it may well be due to a failure in my communication……    …….Universal Life was developed in 1962 as a generic plan, which means that it subsumes all other life insurance products.…

Read More

III – Insurance Information Institute iii.org/ In the 1970s and 1980s, life insurance companies introduced two variations on the traditional whole life product: universal life insurance and variable universal life insurance. (17p) 2010 – III – Insurance Handbook A guide to insurance: what it does and how it works – [205p Universal Life: Universal life,…

Read More

Descriptions – Index ABCDEFGHIJKLMNOPQRSTUVWXYZ A Adjustable Life Descriptions Back to top D Descriptions – Index Back to top N NAIC – Universal Life Descriptions Back to top S Start – Universal Life Descriptions Back to top U Universal Life Descriptions Universal Life Insurance – Government Descriptions Universal Life – Company Descriptions Universal Life – Descriptions…

Read More

Adjustable Life – Descriptions Adjustable Life Insurance: a type of insurance that allows the policyholder to change the plan of insurance, raise or lower the face amount of the policy, increase or decrease the premium, and lengthen or shorten the protection period. (p109/G1) 2002 – IAIS/World Bank – Supervision of Insurance Operations – 140p *Adjustable Life…

Read More