Policies

Univoisal Life 1982 – SOA – Programs to Conserve Traditional Life Insurance Policies, Society of Actuaries – 18p George R. Dinney: ….the Flexible Premium nonpar policy has already been challenged by regulatory authorities on the grounds that the difference between the guaranteed premium and the current experience premium is a policy dividend. Let us agree on our…

Credit Life Insurance 1973 1120 – NYT – Obituary: Arthur J. Morris of Credit Plan, 92 – [link] Arthur J. Morris, the banker and financier who created the Morris Plan, which made consumer credit available to working people, died yesterday at Phelps Memorial Hospital, North Tarrytown. He was 92 years old and lived here. On April…

Current Assumption Whole Life imms.com/members/3rdparty/AmerCol/lifebook/chap5f.htm – Current Assumption Whole Life Current assumption whole life is a variation of traditional whole life that lies somewhere between adjustable life and universal life. Its cash value development is more like that of universal life than any other policy. It has a redetermination feature that essentially recasts the premium amount,…

Market Value Adjusted MAV – Market-Adjusted Valuation 1985 – SOA – New Product Accounting Alternatives, Society of Actuaries – 26p 1986 – SOA – Market Value Adjusted Products (rsa86v12n29) – 22p 1986 – SOA – Market Value Adjusted Products (rsa86v12n33) – 34p 1986 – SOA – Market Value Adjusted Products (rsa86v12n4b3) – 30p 1991 – SOA – Selecting an…

No-Load We have marketed what we call a no-load annuity for about three years. It is in fact no-load if it survives until retirement when it is converted to a monthly income form. There is, however, a 15% commission paid in the first year except at older ages where it is less. We have the…