Policies – Page 10

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…

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…