New York Life

  • William H. Beers
    • b, d1893 1116 - NYT - [link]
    • 1891 1023 - NYT - A Plea for Other Companies; Beer's Course Hurts Everybody Engaged in Life Insurance - [link]
  • John McCall 
    • President - late 1800s-1900s
    • 1906 0219 - New York Tribune - John A. M'Call Dead: The End Peaceful- Vol. LXV, no. 21645. pp. 1–2 – via Chronicling America - loc.gov - [link]
      • In 1905, the Armstrong Investigation turned the spotlight onto the New York Life Insurance Company, with McCall taking center stage as its president.
      • He testified the company paid hundreds of thousands of dollars to a legislative agent to stop hostile legislation, made big contributions to national political campaigns, and at one point retained a legislative agent to fight federal legislation in Washington.
      • He then resigned as president in response. He began to suffer poor health as a result of the investigations and died not long afterwards
  • 2006 - NYLIAC Instant Legacy - Single Premium
  • Robert MARKS: Do any companies have concerns regarding not being able to charge a premium that would be high enough to mature the policy on a current interest rate basis with the new guideline premiums being lower?
    • In other words, since the interest rates are being credited or say, in the 5 to 5.5 percent range, and there's a six percent interest rate in the calculation of guideline single premiums, would there be a concern that you couldn't even fund the policy on a guaranteed basis?
  • Scott Berlin, New York Life. I've heard of that issue.
    • Your guideline level is calculated at four percent.
    • This is just my feeling, but I don't think that we want to approach the Service to reduce the interest rates from four percent to say, 2.5 to 3 percent because then it opens 7702 up for scrutiny and a whole host of other issues.
    • Sometimes the evil you know is better than the evil you don't.

2002 - SOA - Implications of the New CSO Mortality Table, Society of Actuaries - 28p