Debatable – Page 6

Works Policy Mechanics / Cash flow Starters – Policy Cash Flow Mechanics 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 198x? – Wisconsin Buyer’s Guide Adjustable Life It has been aptly…

Q: Could Guaranty Funds Handle a Large Insurance Company? Guaranty Funds NOLHGA – National Organization of Life and Health Insurance Guaranty Associations (p29) – Senator Richard SHELBY. (R-AL) – Mr. Hunter, do you agree with his statement <Michael McRaith (Illinois Insurance Commissioner / NAIC)>? What is your take on it. J. Robert HUNTER. I didn’t…

Marketing Insurance through Banks and Savings and Loans A good example of that is the Lifetime Value Series, a family of products from Aetna that target the bank customer and are to be sold through the bank to facilitate the sale of life insurance by bank staff and bank representatives. — MARC G. VERRIER 1995…

Crisis in Confidence Terri Vaughan, NAIC CEO/ Iowa (p25) – One of my colleagues likes to say the greatest risk we have right now is a crisis of confidence. — It is that people are scared. — We know our policyholders are scared. Gary Ackerman (D-NY) We cannot address or we certainly cannot legislate the…

Liquidation Belth FRB Valuation Loans MR. BELTH: Before you sit down, John, let me ask you a question. Rumor has it that there were some extensive discussions between highly placed life insurance officials and officials of the Federal Reserve in April, 1980. Would you care to discuss exactly what the nature of those conversations was?…

Problem – Asset Liquidations MR. BELTH: Before you sit down, John, let me ask you a question. Rumor has it that there were some extensive discussions between highly placed life insurance officials and officials of the Federal Reserve in April, 1980. Would you care to discuss exactly what the nature of those conversations was? MR.…

Universal Life Insurance – Government Descriptions Universal life insurance A form of permanent insurance designed to provide flexibility in premium payments and death benefit protection. The policyholder can pay maximum premiums and maintain a high cash surrender value. Alternatively, the policyholder can make minimal payments in an amount only large enough to cover mortality and…

Q: Are People Talking About the Same Thing? 2019 0917 – LIIIWG – NAIC – Life Insurance Illustrations Issues Working Group – Proceedings (Fall, 6-77) – Cost of Insurance William Koenig (Northwestern Mutual) suggested that the parties all needed a common understanding of the terms used in their discussion. (p655) 1993-4, NAIC Proceedings – Life Disclosure…

Problems Problems – Index Solutions Problems – 1 Robert E Wilcox Change Without Damage The number one perceived problem is that buyers simply do not understand the nonguaranteed nature of life insurance illustrations. Also, it is impossible for the average buyer to judge the reasonableness of the assumptions underlying the numbers in the illustration. — …

Shadow Shadow Banking Shadow Insurance Recently I have noticed other disturbing signs, indicated by an increase in formation of overseas domiciled subsidiary or “Shadow Insurers” designed for use in the U.S. surplus markets. These “Shadows” of prominent U.S. insurers are popping up all over the world and are beginning to mark the escape of U.S.…