Policies – Page 11

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,…

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…

Unit Linked In the United Kingdom variable life assurance is known as “unit-linked” life assurance or merely “linked” life assurance. Its development was untidy and is not well documented, but over a period of about fifteen years it has grown from being an oddity to being a significant proportion (3.5 per cent) of the new-business…

Indeterminate Premium The product revolution, in my mind, began in the 1970s with the introduction of indeterminate premium products. The introduction of universal life in the early 1980s really did create a revolution. We’ve seen more product change and more increasing frequency of product change in the 1980s than ever before. — William R. Britton,…

Bank-Like The regulation provides for the pre-funding of cash values, so that the amounts will be available upon policyholder demand, and will not be contingent upon sufficient surplus being available at that time to cover what is the equivalent to a demand deposit. The regulation relies heavily on the NAIC Universal Life Insurance Model Regulation…

Completely Flexible Life Insurance Plans (Universal Life Insurance Plans) 1981-2, NAIC Proceedings – Completely Flexible Plans – p785-786 – 2p “Varying Gross Premium Plans” topic in the June 1980 The following other life insurance topics are closely related to this topic: “Revision of the Standard Valuation Law and the Standard Nonforfeiture Law for Life Insurance;” “American…

Annuities ACLI – Annuities 2008 0413 – Tricks of the trade – A Dateline hidden camera investigation to see what insurance agents say — and -what they don’t — when they think they are alone with a senior – [link] <WishList> – VIDEO 2008 0624 – SEC – Statement at Open Meeting on Equity-Indexed Annuities…

Cash Value Life Insurance Cash value life insurance can operate as an investment vehicle that combines life insurance protection with a financial instrument that operates similarly to bank certificates of deposit and mutual fund investments. 2010 – CRS – Senate Committee Print 109-72 – Tax Expenditures Compendium of Background Material on Individual Provisions 109th Congress…