Prudential - Vanishing Premium
- 1985 0719/0722 Impact of Tax Reform on Insurance Industry)
- [PDF-GooglePlay-Part 7 of 9-1175p, VIDEO-CSPAN]
- ⇒ Robert Beck, Prudential CEO - Under some permanent insurance, contracts being sold today, the chances are you could stop paying after 7, 8, or 9 years and the insurance would remain in force for the rest of your life without further premium payments. (p6069) / (VIDEO-CSPAN - (at approx. 2:27:00-2:27:30)
- Witnesses testified on the effects that President Ronald Reagan’s proposed tax reform will have on the Life insurance industry.
- House - Committee on Ways and Means
- Thus, we have universal life policies with a so-called low target premium where excess interest earnings can carry the policy for the whole of life with the payment of that low premium.
- We have the other extreme where the premium is higher but through the use of dividends or excess interest earnings, premiums are paid for only a few years.
-- John L. Marcus
- Senior Vice President of Prudential, in charge of the Insurance Services department.
- He is also Chairman of Pruco Securities and Vice-Chairman of Pruco Life. In these capacities he is responsible for the development of Prudential's investment type products.
- At its inception, Mr. Marcus was a deputy on the American Council of Life Insurance (ACLI) Task Force on Financial Services Integration.
- As a member of its Blueprint Committee he was one of the authors of the ACLI's study of financial services in the 1980's. <WishList>
1984 - SOA - Deregulation of Financial Industries (rsa84v10n221), Society of Actuaries - 30p
- 1997 - LC - In re Prudential Ins. Co. of Am. Sales Practices Litig., 962 F. Supp. 450, 525 (D.N.J. 1997) (discussing the vanishing premium, improper replacement ("churning"), and deceptive investment scheme claims)
- 1998 - LC - In re Prudential Ins. Co. of Am. Sales Practices Litig., 148 F.3d 283 (3d Cir. 1998)
- Report - Multi-State Life Insurance Task Force and Multi-State Market Conduct Examination of The Prudential Insurance Company of America
- 1994 0613 - apnews - Life Insurance Buyers Allege Misleading Sales Tactics Were Used With PM-Vanishing Premiums-Illustrations, by Mark Dennis - [link]
- 1995 - LC - The Prudential Insurance Company of America Sales Practices Litigation - United States District Court, D. New Jersey.
- 911 F. Supp. 148 (1995)
- MDL No. 1061. - United States District Court, D. New Jersey. - December 19, 1995.
- 1995 - LC - In Re: PRU SALES LITIGATION, et al v. PRUDENTIAL INSURANCE, et al
- 95-4704, 2:1995cv04704, New Jersey District Court, 09/01/1995 - 02/17/2021
- govinfo.gov/app/details/USCOURTS-njd-2_95-cv-04704/USCOURTS-njd-2_95-cv-04704-2/context
- pacermonitor.com/public/case/7954107/In_Re_PRU_SALES_LITIGATION,_et_al_v_PRUDENTIAL_INSURANCE,_et_al_
- 975 F.Supp. 584 (1996) Civil Action No. 95-4704. MDL No. 1061. United States District Court, D. New Jersey -- In Re Prudential Insurance Co. of America Sales Practices Litigation, 975 F.Supp. 584 (D.N.J. 1997)
- Google Scholar
- 1995 0103 - WSJ - Fine Print Victims: Some Agents 'Churn' Life Insurance Policies, Hurt Their Customers, by Leslie Scism - <WishList>
- Available online: https://search-ebscohost-com.zeus.tarleton.edu/login.aspx?direct=true&db=conedsqd5&AN=edsbig.A15977653&site=eds-live (accessed on 5 October 2022).
- Does Corporate Social Responsibility Affect the Timeliness of Audited Financial Information? Evidence from “100 Best Corporate Citizens”, by Ebenezer K. Lamptey, Jin Dong Park and Isaac Bonaparte - https://www.mdpi.com/1911-8074/16/2/60?type=check_update&version=2
- In April 1995, more than a year after the first private suit, the Multi-State Life Insurance Task Force was formed.
- ⇒ Prudential shows that private claims for relief are absolutely crucial to ensure that victims of insurance fraud receive restitution. Id.
- 2000 - LR - The Filed Rate Doctrine and Insurance Fraud Litigation, by Allan Kanner - 33p
- Available online: https://search-ebscohost-com.zeus.tarleton.edu/login.aspx?direct=true&db=conedsqd5&AN=edsbig.A15977653&site=eds-live (accessed on 5 October 2022).