Policies – Page 10

Policies – Index ABCDEFGHIJKLMNOPQRSTUVWXYZ# A Accelerated Benefits Adjustable Life Descriptions Adjustable Life Insurance Adjustable Life Insurance – Index American Amicable – Horizon Life Insurance Annuities ART – Annual Renewable Term Back to top B Bank-like Business Interruption Insurance Back to top C Cancer Insurance Cannibal Life Cash Value Life Insurance Charity Owned Life Insurance Completely…

Adjustable Life – Descriptions Adjustable Life Insurance: a type of insurance that allows the policyholder to change the plan of insurance, raise or lower the face amount of the policy, increase or decrease the premium, and lengthen or shorten the protection period. (p109/G1) 2002 – IAIS/World Bank – Supervision of Insurance Operations – 140p *Adjustable Life…

Credit Insurance https://content.naic.org/sites/default/files/model-law-370-consumer-credit-regulation.pdf 1972-2, NAIC Proc. – Credit Insurance Revisited: A Reply to the NAIC Staff Study – p429-? 1999 – SOA – Give Me Some Credit! The 50-Year History of Credit Regulation, Society of Actuaries – 21p 2018 – JIR / NAIC- New Evidence on an Old Unanswered. Question: The Decision to Purchase Credit…

NSLI – National Service Life Insurance 38 USC Ch. 19: INSURANCE From Title 38—VETERANS’ BENEFITSPART II—GENERAL BENEFITS CHAPTER 19—INSURANCE SUBCHAPTER I—NATIONAL SERVICE LIFE INSURANCE https://uscode.house.gov/view.xhtml?path=/prelim@title38/part2/chapter19&edition=prelim 1941 – govinfo.gov/content/pkg/GPO-CRECB-1941-pt9/pdf/GPO-CRECB-1941-pt9-17.pdf 1951 – GOV – Senate – Report – USE OF DIVIDENDS TO PAY PREMIUMS ON NATIONAL SERVICE LIFE INSURANCE – 4p 1969 – GOV (House) – Use of…

SBLI – Savings Banks Life Insurance 1935 – FRB – Massachusetts System of Savings-Bank Life Insurance : Bulletin of the United States Bureau of Labor Statistics, No. 615 – [link] Brandeis Massachusetts has begun an insurance which may have far-reaching effects. She has authorized her savings banks to establish life insurance departments. Several banks have…

GICs – Guaranteed Investment Contracts FABN – Funding Agreement-Backed Note GICS – AIG – FCIC GIA’s Guaranteed Interest Contracts Stable Value Unallocated Annuity Contracts 412(i) 1991 0903 – NYT – Worry Over Retirement Funds, By Eric N. Berg – [link] GIC’s, Executive Life, Mutual Benefit Also, you had a lot of different interests in Executive Life.…

Policyholder Options Many insurance contracts offer the policyowner options regarding premium payment, benefit patterns, and policy loans. This flexibility means that many different patterns of future cash flow could arise under the contract. (p6) 2002 09 – AAA – Fair Valuation of Insurance Liabilities: Principles and Method, American Academy of Actuaries – 48p The ACLI’s Dolan…

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…