Policies – Page 10

Term Universal Life Insurance Guideline EEE was originally a separate reserving guideline, but it has now been incorporated into XXX. It covers the problem of term like universal life policies. It was originally proposed when companies started guaranteeing that a universal life policy would remain in force regardless of what happens to the account value…

Waiver Waiver of Monthly Deductions for Flexible Premium Universal Life Insurance Policies 14. Flexible premium universal life insurance policies do not require specified premiums as traditional policies do. The “waiver” benefit entities offer is a “waiver of monthly deductions” benefit as opposed to a “waiver of premium” benefit. The difference being specific premiums may or…

Variable Annuities As you know, VAs have been around since the 1950s, and variable life insurance has been written since 1975 when the Equitable wrote the first policy. — John T. Adney, a founding partner of the law firm of Davis & Harman LLP in Washington, DC 2000 – SOA – Separate Account Products in…

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…

Integrated Contract 1985 – LR – An Examination of the 1984 Requirement That All Insurance Policies Must Qualify as Integrated Contracts Pursuant to State Law, by James R. Burkhard – Drake Law Review, Volume 34, Number 4 – 52p 1984 – GOV – GENERAL EXPLANATION OF THE REVENUE PROVISIONS OF THE DEFICIT REDUCTION ACT OF 1984

Special Plans 1982-2, NAIC Proc. – A new exposure draft of a revised model regulation has been prepared by the staff of the American Council of Life Insurance [ACLI] The following are among the principal features incorporated in the revised draft: The introduction of the concept of a nonguaranteed element to measure the extent to which…

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…

DIY – Do It Yourself 28 Oct 1981, Wed Journal and Courier (Lafayette, Indiana) Newspapers.com In fact, it is accurate to describe Universal Life as a generalized version of the actuarial formulas underlying traditional life insurance products. In other words, it is possible to produce any traditional plan of insurance from the generalized formulas underlying…

Life Settlements 2010 0722 – SEC – Life Settlements Task Force – Staff report to the United States Securities and Exchange Commission – 93p 2009 0924 – GOV (House) – Recent Innovations in Securitization, Paul E. Kanjorski (D-PA) [PDF-123p, VIDEO-archive.org] Written statement of Joseph M. Belth – p103- Testimony – Susan Voss (IA) – NAIC House…

Universal Life with Secondary Guarantees (ULSG) The Universal Life contract with secondary guarantees has been one of the most controversial life insurance products introduced in the United States. 2014 04 – SOA – Model Validation for Insurance Enterprise Risk and Capital Models, Sponsored by CAS, CIA, SOA Joint Risk Management Section, prepared By Markus Stricker,…