Premiums and Benefits - Congress
- I think any way that we can make illustrations more understandable to the public is certainly going to help us.
- We've seen the problems that have occurred when Senator Howard Metzenbaum (D-OH) was given an illustration with a vanishing premium, and he had absolutely no idea that he had bought a policy that was not paid up in four years.
- It caused many problems for the industry; it caused many problems because the press got involved, and the press doesn't understand the products as well as it thinks it does.
-- Linda M. Lankowski
1995 - SOA - Practical Illustrations and Nonforfeiture Values, Society of Actuaries - 14p
(page 1)
1973 0220 - GOV (Senate) - The Life Insurance Industry, Philip Hart (D-MI) - Part 1 of 4 --- [BonkNote] --- [PDF-815p-GooglePlay]