Policies – Page 13

Term Life Insurance ART – Annual Renewable Term BTID – Buy Term and Invest the Difference Term-ites A.L. Williams Primerica Decreasing Term Deposit Term Life Insurance Group Term Indeterminate Premuim Yearly Renewable Term Level Premium Term Mortgage Insurance Participating Term Life Insurance Term Conversions 1975 – SOA – An Approach to Reserve for Term Insurance…

Single Premium Life Insurance SPL – Single Premium Life SPWL – Single Premium Whole Life 1988 0315 – GOV (House) – Investment Uses of Life Insurance, Charles Rangel (D-NY) [PDF-257p-GooglePlay, VIDEO-?] 1988 0325 – GOV (Senate) – Tax Treatment of Single-Premium Life Insurance, Max Baucus, (D-MT) — [BonkNote] LIRP – Life Insurance Retirement Plan In the…

Lapse-Supported Glenn Daily is particularly irate about what the industry calls “lapse supported pricing,” which is used in illustrations to show higher cash values in later years. Actuaries who use this technique know that only half the people who buy policies will still have them after seven years. After 20 years, only about 25 percent…

Plan of Insurance “Plan of Insurance” vs Specific Policy [Plan of Insurance] 2019 0903 – 2019-3, NAIC Life Insurance Illustration Issues (A) Working Group (LIIIWG) – Conference Call Michael Lovendusky, ACLI … said assisting consumers to compare products is outside the scope of the Working Group’s charge, and it would limit innovation and harm consumers.…

Deposit Term Modified Premium Whole Life Partial-Endowment-Type Products One could almost argue that Universal Life is an outgrowth of Deposit Term. Most Universal Life policies have initial sales charges, that from a practical sense resemble a deposit term contract, sold with an annuity rider. — Fred Jonske 1984 – SOA – Individual Term Portfolio Management, Society of…

Investor Owned Life Insurance For over 200 years there has been a requirement for an insurable interest before someone could purchase a life insurance policy on an insured. Conference of Insurance Legislatures (NCOIL) has adopted a resolution in opposition to the concept of investor owned life insurance. President George W. Bush and members of Congress…

Rider Ms. Krol asked about the use of the term “riders,” when some states use other terms. Mr. Musgrove agreed that the states do use different terms and pointed out that the survey document notes that riders, endorsements, agreements, etc. all mean about the same thing, and it is indicated in the survey that respondents…

LifeCycle 1975 0619 – NYT – With “Life-Cycle” Insurance Policies Coverage May Be Changed With Needs (Adjustable Life), by Leonard Sloane – [link-Paywall Free] Definition – “Life cycle policy” was first used in the publication “With An Eye To Tomorrow”, a report on the Future Outlook Study published by the Institute of Life Insurance in…

Options Derivatives, Futures, Options, Swaps etc – Government Hearings Options – Investment Strategy Policyholder Options Premium Payment Options 2009 – AP – Implicit Options in Life Insurance, WP 33, by Nadine Gatzert, University of Gallen – 30p The common types of life insurance products discussed in the previous section are usually replete with implicit options.…

Generic Name Proposed Revision of NAIC Life Insurance Solicitation Model Regulation (ACLI) – October 22, 1982 A Generic Name means a short title which is descriptive of the premium and benefit patterns of a policy or a rider. NAIC Proceedings