Bonk
Bonk – Setup
Bonk – Setup Printers HL-2270DW DR420 – Drum Unit – Drum Unit, Yields approx. 12,000 pages – $90-100 TN420 – Standard-yield Toner, Black, Yields approx. 1,200 page – $40-45 TN450 – High-yield Toner, Black, Yields approx. 2,600 pages – $55-$70 MFC-L2700DW DR630 – Drum Unit, Yields approx. 12,000 pages – $90 TN660 – High-yield Toner, Black, Yields…
Read MoreTax-Free Retirement
Tax-Free Retirement 1982 – Book – Doug Andrew – Book – LASER Fund, by Doug Andrew Patrick Kelly 2007 / 2017 – Book – Tax-Free Retirement, by Patrick Kelly The Retirement Miracle – No Audiobook (2021 0111) 20 min – youtube.com/watch?v=DAci4bLQNVI&t=74s 15 min – youtube.com/watch?v=t_OPstyLnzU David McKnight Ed Slott Ed Slott IUL Tax Free Retirement -…
Read MoreNewspapers – Pics
newspapers.com/clip/3345621/the-piqua-daily-call/ 27 Feb 1973, Tue The Piqua Daily Call (Piqua, Ohio) Newspapers.com 19 Sep 1984, Wed The Times (Shreveport, Louisiana) Newspapers.com 10 Mar 1985, Sun The Lompoc Record (Lompoc, California) Newspapers.com 16 Mar 1983, Wed Kingsport Times-News (Kingsport, Tennessee) Newspapers.com 10 Jul 1996, Wed Johnson City Press (Johnson City, Tennessee) Newspapers.com 25 Jun 1973, Mon…
Read MoreWalker vs. LSW – Prudential / MetLife
Walker v LSW – Prudential / MetLife Prudential – Vanishing Premium MetLife – Retirement / Savings Plan Walker v LSW Patrick Kelly MetLife In its June 7, 1994 Consent Order #94-102, the NJDBI cited N.J.S.A. 17B:30-3 and N.J.A.C. 11:2-23.4 and subsequently fined MetLife $965,555 for MetLife’s practice of misrepresenting life insurance to be retirement or savings…
Read MoreBonk – Pics
Bonk – Pics 1992 – LC – Grove v Principal – Adjustable Life – Policy Data Page, Jerry Grove – 4p 1975 – SOA – Ordinary–New Products, Society of Actuaries – 18p 1994-1, NAIC Proceedings. FROM: Chris Kite, FIPSCO, DATE: February 22, 1994, RE: Corrections to 1-27-94 Proposal for NAIC Life Insurance Illustration Model Act The Target…
Read MoreDesign Elements
Design Elements Other design elements, I mentioned the way the cost of insurance charge increases as you get older, how that interacts in fact with the net amount at risk which several of the witnesses commented on, and it’s a very complex system. But LSW well understands the system. How many policyholders understand the system?…
Read MoreConcepts
Concepts It is these concepts or the uses of the products and not the illustrations that are the difficulties here. — George Coleman, Prudential, ACLI, TRG-Technical Resource Group for the NAIC (Industry Advisory Group – Illustrations) 1994 – SOA – Problems and Solutions for Product Illustrations, Society of Actuaries – 28p We are a research…
Read MoreMemory
Memory About this same time the baby boom generation hit the insurance industry, both in the ranks of agents and actuaries, bringing with it a lack of any memory of harder times. — William C. Koenig – [Northwestern Mutual] 1991 – SOA – Disclosure Systems: Can an Ideal Method be Found?, Society of Actuaries -…
Read MoreProblem – Interest Rate Assumption
Problem – Interest Rate Assumptions We believe current illustrated rates are much higher than what is reasonably expected over the course of the policy and may lead to consumer disappointment, which could negatively impact the entire industry. — Metropolitan Life Insurance Company, New York Life Insurance Company and Northwestern Mutual Life Insurance Company 2014 0812…
Read MoreBonk – Kinds of Policies
Bonk – Kinds of Policies Perm or Term The … company is to determine for itself which of its plans are to be treated as term insurance and which as permanent. The original instructions gave as a suggested definition of term insurance “that it is any policy with a premium rate less than 90% of…
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