Connections
The reader might assume that the subject of life insurance is neither very controversial nor interesting.
- Such a conclusion would be in great error.
1982 - Introduction to Life Insurance - Mark Dorfman, Academic Textbook
- Interestingness requires the proper connections and
interactions among diverse parts.
The Hidden Factor: Why Thinking Differently Is Your Greatest Asset - Scott E. Page , The Great Courses
- interestingness - the power of attracting or holding one's attention (because it is unusual or exciting etc. )
What they did not understand, they did not find useful.
1990-1A, NAIC Proceedings - NAIC / LIMRA - Universal Life Disclosure Form Focus Group Summary, Consumer Issues Disclosure Working Group - NAIC --- [BonkNote] --- 10p
- Insurance has historically been something of a Rodney Dangerfield of the law.
- If lawyers and teachers cannot embrace insurance as an appealing subject, it should come as no surprise that most laypersons think of insurance as boring.
2011 - Principles of Insurance Law, 4th Ed. - Stempel
2014 0520 - GOV - Legislative Proposals to Reform Domestic Insurance Policy
- Hughes, Schwarz, Ross, Wisconsin Guy - I'm very productive
- question: would the case of Executive Life created a Systemic Risk?
2017/11/15, LIBGWG, ACLI Redlined Draft
Unlike a term policy, which can end after a specified number of years, permanent life insurance will continue to the policy’s maturity age so long as premiums are paid.
(Note that this isn’t exactly accurate for UL <Universal Life>, where policies can continue as long as the cash value is sufficient to pay the policy charges. We may want to make that distinction.) <<< ----BonkNote: ACLI Wording>>>
- The policy does not lapse if a premium is not paid; rather, it lapses if the fund balance becomes too small to pay the next month's cost of insurance.
-- Ben H. Mitchell
1981 - Universal Life, Society of Actuaries