Debatable – Page 3

Target Market I have a comment which you can respond to if you wish. Universal Life might well be a more appropriate product than Adjustable Life for the very sophisticated, very high premium, as you mentioned, product or sale. However, I think that there is a major segment out there where Universal Life Just would…

Sales Practices Frankly, I think that present sales practices give dividend “illustrations” too much prominence compared with actual dividend histories. — Kenneth R. MacGregor 1971 – SOA – Mutual Life Insurance Companies — Their Objectives and Operating Philosophy, Society of Actuaries – 250p

Whistleblowers Agent – Snippets – 1990s Threats and Intimidation 2023 – Book – Lapsed: The Universal Life Insurance Whistleblower, by Elan Moas 2022 0212 – Twitter – @MartyLeary1 – [link] I believe most frauds that come to light do so because an internal whistleblower teamed up with a good journalist. 2009 – AP – Who…

Q: Is Universal Life Insurance a Traditional Product? Due to the unique nature of universal life products, a number of states have issued guidelines governing the sale of such products. These guidelines address contractual requirements as well as policyholder disclosure procedures. — Leonard E. Odell, ACLI 1981 – SOA – Universal Life (RSA81V7N412), Moderator: Samuel H.…

Regulatory Arbitrage During the years leading up to the crisis, there was a substantial amount of regulatory arbitrage between bank holding companies and nonbank institutions (investment banks, GSEs, AIG), as well as between large and small banking institutions, with complex, mega institutions being able to operate with thinner capital cushions than the average community bank.…

Long-term As a liability-driven business, insurance often has long-term cash-flow patterns compared to shorter-term activities at banks. Consequently, current law fails, I believe, to adequately account for the business model and risk profile of insurance companies, and that should concern us all. (p1) — Senator Richard Shelby (R-AL) 2015 0428 – GOV (Senate) – The…

Corporate Governance Under some permanent insurance, contracts being sold today, the chances are you could stop paying after 7, 8, or 9 years and the insurance would remain in force for the rest of your life without further premium payments. (p6069) — Robert Beck (Prudential CEO) 1985 0719 and 0722 – GOV (House) – Comprehensive…

Transparency Transparency is a concept imported by Spencer Kimball. Hart Hearings, supra 28, at 1086·1237, 1087·1088 – (testimony of Spencer Kimball); [Bonk: Hart Hearings = 1973 / 1974 – GOV (Senate) – The Life Insurance Industry – Phillip Hart (D-MI) – 4 Parts — [BonkNote]] 1980-2, NAIC Proceedings

Ethics THE KEY ETHICAL DILEMMAS IN MARKETING INSURANCE: A COMPARISON OF THE TWO MAIN SEGMENTS OF THE INSURANCE INDUSTRY, Robert W. Cooper, Drake University, by Garry L. Frank, Drake University – 7p 1993 – AP – Ethical Issues, Helps, and Challenges: Perceptions of U.S. Actuaries, Vaughan, Cooper, Frank – 2011 – JFSP -The Ethical Environment…

Market Moving Information Change no Damage?? 1989 0501- CSPAN – Where Was the Press During the S&L Crisis? – c-span.org/video/?7307-1/press-sl-crisis This program is part of a series of three panel discussions entitled “Where Were the Watchdogs When the Savings & Loans Were Robbed?” I have heard that the designation process is not transparent, and I am…