Cost
Life Insurance Cost Comparison Task Force – NAIC
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…
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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…
Read MoreLife Cost Disclosure Task Force – (A) – NAIC
Life Cost Disclosure Task Force – (A) – NAIC 1982-1989 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…
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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 Isn’t it more realistic to assume a customer wants to know what the cost will be if he carries…
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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…
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