July 2023 – [BonkNote]

SOA – Obituaries soa.org/about/obituaries/member-obits/ Committee on Memorials “Two Guys Read the Obituaries” – Book Review By Steve Chandler and Terrence Hill, Reviewed By Steven Siegel – soa.org/library/newsletters/the-actuary-magazine/2007/june/boo2007june/ The Actuary Magazine December 2004 – Memoirs Of An Actuary. Memoirs Of An Outsider Actuary, By Terrence N. Hill – A humorous look at the information contained in the obituaries of…

Illustrations – Solutions The credibility of permanent life insurance has suffered serious damage because of insurance proposals, or illustrations, with unrealistic projections of future earnings. 1995 – SOA – Insurance Illustrations: A Possible Solution, by Lloyd Foster, Society of Actuaries – 2p It is probably true that most of the information needed is already in…

Benchmarks Rodney C. Wilton: We cannot stop people trying to sell or design gold bricks. As actuaries, all we can do is make it so people have a better chance of knowing what they are buying. The simpler a product, the more chance the prospective policyholder has to know it is a gold brick. For…

Q: Will the World Collapse if… 1988 – SOA – Actuarial Opinion on Non-Guaranteed Elements, Society of Actuaries – 12p Larry R. Robinson,Chairman of the ACLI Subcommittee on Cost Disclosure The article is entitled “Future Shock” by Harry Lew with the sub-heading: – <WishList> “What will happen when a generation of insurance buyers begins comparing unrealistic illustrations with…

Captives Captive Reinsurance Shadow Insurance Micro-Captive 2022 06 – CIPR / NAIC – Captives: Back to Basics, Center for Insurance Policy and Research – 12p Summary: Captives are an important risk transfer tool in the risk management landscape with have seen significant growth over the past few decades. In this session we will cover the…

Renewal Premiums In this project, we studied a typical universal life (UL) contract issued in the United States. We studied three alternative approaches of recognizing renewal premiums and their effect on expected earnings. The first was to ignore their recognition until received. The second was to recognize the amount of expected renewal premium, while the…

GNAIE – Group of North American Insurance Enterprises Website – ? Still Around – ? 2012 – GNAIE – Comments Template on CP8 – Draft proposal for Guidelines on ORSA – 13p

2016 – LC – ACLI vs. Perez (DOL – Department of Labor) – Fiduciary Rule Document 1 – Complaint – 108p Document 48 – ACLI / NAIFA – Document 49 – ACLI / NAIFA – Brief/Memorandum in Support filed by American Council of Life Insurers, National Association of Insurance and Financial Advisors, National Association of Insurance…

Government Hearings – 2023 2023 0517 – GOV (Senate) – Strengthening Accountability at the Federal Reserve: Lessons and Opportunities for Reform, Elizabeth Warren (D-MA) banking.senate.gov/hearings/strengthening-accountability-at-the-federal-reserve-lessons-and-opportunities-for-reform youtube.com/watch?v=vEamkRmw6vI 2023 0919 – GOV (House) – A Holistic Review of Regulators: Regulatory Overreach and Economic Consequences [PDF-p, VIDEO-YouTube] Hal Scott, Nomura Professor of International Financial Systems, Emeritus, Harvard Law…

WebCopy Stewart Ogilby https://www.stewartogilby.com/life_insurance_selling.htm https://www.wisebird.com/bibliography.htm https://www.wisebirdrecovery.com/ https://wisebirdfinancial.com/financial-recovery-reviews/ https://www.lifeinsurancebooks.com/ mintzandgold.com/

Archive for July 2023

SOA – Obituaries

Illustrations – Solutions

Q: Will the World Collapse if…

Captives

Renewal Premiums

GNAIE – Group of North American Insurance Enterprises

ACLI v. Perez (DOL – Department of Labor) – Fiduciary Rule

Government Hearings – 2023

Webcopy