ACLI
1990s – ACLI – Snippets
1990s – ACLI – Snippets I’m going to discuss what Norm referred to as consumer disclosure forms To date, no state has adopted these forms. Why this complete lack of action after all the effort in developing the forms? One possible reason is that, during the early part of the year, state insurance departments are…
Read More1970s – ACLI – Snippets
ACLI – Snippets – 1970s The most obvious, though not necessarily accurate, basis of comparison of policies of the same initial or minimum face value is the premium. (p41) 1976 0909 – Letter – ACLI to NAIC – RE: Proposed Changes to the NAIC Model Variable Life Insurance Regulation – 1976-1 – NAIC Proceedings – p623-…
Read More2008 Financial Crisis – ACLI
2008 Financial Crisis – ACLI 2008 1101 – ThinkAdvisor – Smoke and Mirrors?, By Marlene Y. Satter – [link] When ACLI and AIA issued their statements pushing for federal oversight, NAIC accused them of playing politics, reiterating that the state-regulated insurance companies that were part of AIG were sound and “are not the problem.” Further, NAIC…
Read More2020 0923 – Forbes – Sounding The Alarm On Indexed Universal Life Insurance [IUL]
2020 0923 – Forbes – Sounding The Alarm On Indexed Universal Life Insurance – IUL 2020 0923 – Forbes – Sounding The Alarm On Indexed Universal Life Insurance — [BonkNote] — [link] “Consumers should avoid IUL because the insurers and agents who sell the product have no obligation to work in the consumer’s best interest.…
Read MoreACLI – Groups
ACLI – Groups A couple of ACLI groups have also been studying various aspects of universal life insurance. The Council’s Subcommittee on Cost Comparisons has proposed that cost disclosure requirements for universal life plans be generally similar to those for traditional life insurance plans as provided by the NAIC Model Life Insurance Solicitation Regulation. In…
Read MoreACLI vs. Perez (DOL – Department of Labor) – Fiduciary Rule
2016 – LC – ACLI vs. Perez (DOL – Department of Labor) – Fiduciary Rule 2016 – LC – ACLI vs. Perez (DOL – Department of Labor) – Fiduciary Rule – Document 1 – Complaint – 108p 2016 – LC – ACLI vs. Perez (DOL – Department of Labor) – Fiduciary Rule – Document 10…
Read MoreACLI – IUL – Indexed Universal Life Insurance
ACLI – IUL 1. Voted to Expose the ACLI and the Alternative Actuarial Guideline for IUL Illustrations Paul Graham (American Council of Life Insurers–ACLI) said the ACLI’s proposed actuarial guideline for indexed universal life (IUL) illustrations (Attachment Eight-A) was approved by a supermajority of members of the ACLI Life Insurance Committee, the CEO Steering Committee…
Read MoreACLI – TRG – Technical Resource Goup, Industry – Illustrations – NAIC
ACLI – TRG – Technical Resource Goup – NAIC George Coleman, Prudential, ACLI, TRG-Technical Resource Group for the NAIC (Industry Advisory Group – Illustrations) Life Disclosure Working Group – (A) – NAIC I think you really have to make sure that people understand volatility, whether you solve for a policy blowing up or values being…
Read MoreACLI – Media
ACLI – Media 1997 1024 – WSJ – MONY Wins Dismissal of Suit Over ‘Vanishing Premium’ Policies, by Leslie Scism – [link] The company, popularly known as MONY, won a dismissal this week of a national class-action lawsuit that is similar to more than 30 suits pending against major life insurers. … in the MONY case, New York…
Read MoreLife Insurers Fact Book
Life Insurers Fact Book 2021 – ACLI Life Insurers Fact Book – 234p Historic Dates The first edition in 1946 was published by the Institute of Life Insurance in New York City. In 1975, the Institute of Life Insurance merged with the American Life Insurance Association to become the American Council of Life Insurance, and later,…
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