CSO On the regulatory front, we have 2001 CSO coming into play. That will help UL writers and variable life writers. It reduces the cost of reserves when we provide guarantees to clients. However, the impact on term and UL is probably moderate, probably low. On the variable life side, a number of variable life…

Read More

LIRP – Life Insurance Retirement Plan LIRP Life Insurance Retirement Plan Life Insurance Retirement Planning Life Insurance in Retirement Planning SLIRP ESLIRP – Executive Supplemental Life Insurance Retirement Plan  199xs – Metlife – legal case – Nurses LC – Walker v Life Insurance Company of the Southwest  —  [BonkNote] Doug Andrew LASER Fund David McKnight 2012…

Read More

Joseph Belth josephmbelth.com/ theinsuranceforum.com/ search.worldcat.org/search?q=au=%22Belth%2C%20Joseph%20M.%22 – LC – Belth v. North Carolina Insurance Department A.L. Williams, The Insurance Forum Newsletter – LC – Belth v. New York State Department of Insurance 733 NYS2d 833 FOIA / FOIL 2004 0616 – Schiff’s Insurance Observer – Insurance Regulator Sucks up to Big Insurers: Makes Public Data Secret,…

Read More

Life Insurance as an Investment The term “investment-life-insurance policy” is used here to represent policies that have a large “cash-surrender value” throughout most of the period they cover, such as limited-payment life policies and endowment policies. 1928 – AP – The Investment Element in Life-Insurance Contracts, S. H. Nerlove – 22p  2020 – NAIC LIIIWG…

Read More

Policy Loans Loans LIRP – Life Insurance Retirement Plan Chris H. McElvaine: …I heard another policyholder at the annual meeting mention that he has taken advantage of his 6% policy loan provision. He has reinvested that money with the same company in an RRSP five-year interest certificate bearing a phenomenal rate of interest. Apparently he…

Read More

FSOC – MetLife Designation MetLife v FSOC – Legal Case Run – Implausible – LIRP – Reputational Risk / Future Shock 2007 – IAA (International Actuarial Association) – Measurement of Liabilities for Insurance Contracts: Current Estimates and Risk Margins, IAA ad hoc Risk Margin Working Group – 170p (p156) – E6.2.3 – The following are some considerations…

Read More

NAIC WGs – Snippets 2013 24. Discussed Inconsistencies in Index-linked Universal Life Policy Illustrations John Bruins (ACLI) discussed the inconsistencies, across a number of companies, in the illustration of index-linked universal life policies. He said they would like the Task Force to consider an actuarial guideline or a change to a model regulation to address…

Read More