Cost – Page 4 – [BonkNote]

Price Cost – Index Price-Fixing Pricing Pricing Assumptions Until the buyer understands how the product works, attempts to compare price are essentially meaningless. 1972 – SOA – Life Insurance and the Buyer by Anna Rappaport, Society of Actuaries – 2p-Article I believe that there is an urgent need for the life insurance industry to answer the accusations of its critics who…

Life Insurance Cost Comparison Task Force – NAIC 1975-2 NAIC Proc. Life Insurance Cost Comparison (C3) Task Force: Research Project Reports Available, May, 1975 PROJECT REPORTS Research Project One (Production of a life insurance cost data base in cooperation with the Antitrust Subcommittee of the U.S. Senate’s Judiciary Committee.) Portions published by the Antitrust Subcommittee…

Cost Comparison Until the buyer understands how the product works, attempts to compare price are essentially meaningless. 1972 – SOA – Life Insurance and the Buyer by Anna Rappaport, Society of Actuaries – 2p-Article (p117-120) – Exhibit Il which shows that, in the last fifty years, no less than 21 different attempts have been made…

Life Cost Disclosure Task Force – (A) – NAIC LIFE INSURANCE (A) COMMITTEE – (A) Task Force – Life Cost Disclosure (RECEIVED) 1. Received a summary of several possible amendments to the Life Insurance Solicitation Regulation and Buyer’s Guide. 2. Heard recommendations and reports from departments, consumer groups and industry concerning the regulation of universal…

Cost Cost – Index Until the buyer understands how the product works, attempts to compare price are essentially meaningless. 1972 – SOA – Life Insurance and the Buyer by Anna Rappaport, Society of Actuaries – 2p-Article 1976 – SOA – Cost Comparisons and Policy Language, Society of Actuaries – 16p The cost of life insurance…

Cost Disclosure The purpose of disclosure is to let the life insurance buyer know what he’s getting. — Russell R. Jensen 1977 – SOA – Cost Disclosure in Individual Life Insurance – Society of Actuaries – 18p Until the buyer understands how the product works, attempts to compare price are essentially meaningless. 1972 – SOA – Life…