William Scheel
William C. Scheel
- 1979 – AP – The Effects of Risk Reduction Inherent in Universal Life Insurance, by William C. Scheel
- 1981 – AP – The Effects of Risk Reduction Inherent in Universal Life Insurance: Comment, by Michael L. Smith, The Journal of Risk and Insurance, Vol. 48, No. 4 (Dec., 1981), pp. 674-681 (8 pages) – JSTOR
- 2 The origin of the term and the concept is disputed. Scheel traces it (10, p, 521 to a paper presented by J.C.H. Anderson at the Seventh Pacific Insurance Conference and later published but G.R. Dinney also claims its origination [2, p. 301].
- [Bonk: paper = 1975/1999 – SOA – The Universal Life Insurance Policy, by James C. H. Anderson, Society of Actuaries – 10p]
- And as an historical footnote. a company known as the Universal Life probably was the first to offer guaranteed cash surrender values [3, p. 21].
- 2 The origin of the term and the concept is disputed. Scheel traces it (10, p, 521 to a paper presented by J.C.H. Anderson at the Seventh Pacific Insurance Conference and later published but G.R. Dinney also claims its origination [2, p. 301].
- 1981 – AP – The Effects of Risk Reduction Inherent in Universal Life Insurance: Comment, by Michael L. Smith, The Journal of Risk and Insurance, Vol. 48, No. 4 (Dec., 1981), pp. 674-681 (8 pages) – JSTOR
- 1979 – AP – The Effects of Risk Reduction in Universal Life Insurance, Part II, by William C. Scheel
- The Journal of Risk and Insurance
- Vol. 46, No. 3 (Sep., 1979), pp. 451-482 – 32p
- Task Force on Life Insurance Disclosure System – LIDS – NAIC — [BonkNote]
- I am William C. Scheel, Associate Professor of Finance and insurance, University of Connecticut, Storrs, Connecticut.
- My remarks today are my own; they are uncompensated and may only coincidentally be views shared by anyone else.
- Introduction
- During my last encounter with this task force, I questioned whether the group was just playing another game of Dungeons and Dragons.
- The Chairman assured me that; indeed, pink worms, gnomes, Merlin and ghouls were not on the Committee’s agenda and that we would soon be witnessing the claims of what has proven to be the best D&D game in town for the last decade.
- Never in my wildest imagination did I think we would be handed by this task force the single most important regulatory proposal in life insurance and annuities — ever!
- The Life Insurance Cost Disclosure System (LIDS) is, indeed, a crowning achievement. It breathes new life into this creaky mechanism we call state insurance regulation.
- Some of us who have lost the faith can only humble ourselves and marvel at this reinstatement of independence and new found strength of state insurance regulation.
- LIDS clearly heralds a re-emergence of bold initiative and is an historical turning point. In the words of a well-known celebrity: “How sweet it is.”
1981-4, NAIC Proceedings