Policies

  • The … company is to determine for itself which of its plans are to be treated as term insurance and which as permanent.
    • The original instructions gave as a suggested definition of term insurance “that it is any policy with a premium rate less than 90% of the no profits rate for Ordinary Life…

1949 – SOA – Report of the Committee on Mortality Under Ordinary Insurances and Annuities, Society of Actuaries – 12p

2005 – NAIC – A Regulator’s Introduction to the Insurance Industry, 2nd Ed – p46

  • Assessment, Semi-Tontine, Tontine,
  • Charter, Coupon, Founders, Profit-sharing, Specialty, Special,
  • Open, Group Universal Life (GULP, Dinney?)
  • Endowment,
  • MVA – Market Value Adjusted Products
  • Single-Premium Indexed Universal Life
  • Single-Premium Whole Life Insurance
  • Split Life, Split Life Dollar, Joint, Second to die, First to die,

1960s

  • Flexible Life
    • Maurice LeVita
  • 1969 – SOA – Analysis of Basic Actuarial Theory for Fixed Premium Variable Benefit Life Insurance, by John C. Fraser, Walter N. Miller, and Charles M. Sternhell, Society of Actuaries – 116p

1970s

  • 1970-2, NAIC Proc. – (E6) Subcommittee, replacement problems – Variable Benefit Whole Life Policy, New York Design, Dutch Design, Fixed Premium Variable Benefit Whole Life Policy, Variable Annuities and Other Contracts
    • Model Variable Contract Regulation as Amended at the June, 1970 NAIC Annual Meeting
  • 1974 – SOA – Variable Premium Life Insurance,  by Ken E. Polk, /tsa74v26pt1n7618 – Society of Actuaries – 30p
  • 1979-1, NAIC Proceedings – Modified Premium Life Insurance

1980s

  • 1981-1, NAIC Proc. – Varying Gross Premium Plans
  • 1981-2, NAIC Proc. – Types of Policies

1990s

  • 1999 – SOA – Analysis of Basic Actuarial Theory for Fixed Premium Variable Benefit Life Insurance, by John C. Fraser, Walter N. Miller, and Charles M. Sternhell, Society of Actuaries – 70p

2000s

  • 2007 – SOA – Ultimate Life: What Individual Life Insurance Should Be and Could Be, by Robert E. Reuter, arch07v41n2_i – Society of Actuaries – 11p
  • North American Life’s enhanced protection plan

1967 – SOA – Digest of Discussion of Subjects of Special Interest – Individual Life and Heath Insurance, Society of Actuaries – 62p

  • E. What are the advantages and disadvantages of the “Bank Loan Plan” under which a policyholder purchases a limited payment life policy and borrows part of the premiums at a bank, thus obtaining an interest deduction for Federal Income Tax purposes?

1953 – SOA – General – Society of Actuaries – 11p