Policy Categories – Blurry

Policy Categories – Blurry

• ROLAND R. ROSE: Is your particular first-to-die product a universal life or a par whole life design?
• MICHAEL J. ROSCOE: Depending on who you talk to, it’s an interest-sensitive whole life or a fixed premium universal life, but it’s not a par whole life policy.

1991 – SOA – Product Update – Individual Life, Society of Actuaries – 18p

• The Annual Statement Instructions specifically state that excess interest whole llfe, which is another name for fixed premium universal life insurance, is covered by these requirements.

1988 – SOA – Actuarial Opinion on Non-Guaranteed Elements, Society of Actuaries – 12p

• JOHN O. MONTGOMERY: Concerning market value adjusted products, aren’t they very close to variable life and variable annuities?
• JOSEPH L. BLATTNER: I think the answer is that they are close.
  • The distinction is made between a variable product and a fixed product in that with the latter there is a fixed guaranteed rate for some period of time.

1984 – SOA – Annuities for Individuals, rsa84v10n213 – Society of Actuaries – 24p