Policies
No Cash Value Plans
No Cash Value Plans 1989-1, NAIC Proceedings Non-Forfeiture ACLI Canada 1995 SOA HL Practical Illustrations Get a Reprojection rsa95v21n123 One of the ideas that people have considered for life insurance is to have life insurance without a cash-surrender value, but a nonforfeiture value, either reduced, paid-up, or extended-term insurance, that would in some way make…
Read MoreRating
Rating Rating – Index 2010 – LR – Rating Dependent Regulation of Insurance, John Patrick Hunt, Connecticut Law Journal – p101-186p – 86p
Read MoreVanishing Premium – Lawsuits
Vanishing Premium – Lawsuits Vanishing Premium Q. Do you recall the vanishing premium litigation? A (Wilcox): Very well. Q. Would you agree that the sales practices that were used in the vanishing premium — in selling those policies was problematic? MR. HIGGINS: Objection. Vague. THE WITNESS (Wilcox): In a limited number of cases, that was…
Read MoreSurety
Surety 1927 – AP – The Guarantee of Mortgage Bonds by Surety Companies, by Edward L. McKenna – 7p documents.theblackvault.com/documents/jfk/NARA-Oct2017/NARA-Nov17-2017/docid-32329636.pdf 1961 04 – Summit Fidelity and Surety Company is sold to Milwaukee group for mortgage guarantee. Senator Huey Long (D-LA) – I did not own 5 cents’ worth of their stock; and the only thing…
Read MoreUnivoisal Life Insurance
Univoisal Life Insurance 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…
Read MorePRT – Pension Risk Transfer
PRT – Pension Risk Transfer Pensions De-Risking AAA (American Academy of Actuaries) – 2016 – AAA – Issue Brief: Pension Risk Transfer- [link] — 12p ACLI (American Council of Life Insurers) – Pension De-Risking – [link] MetLife – 2022 – MetLife – 2022 Pension Risk Transfer Poll – [link] – 10p NAIC – CIPR – Pension Risk…
Read MoreCredit Life Insurance
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…
Read MoreCurrent Assumption Whole Life
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,…
Read MoreMVA – Market Value Adjusted
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…
Read MoreNo-Load Life Insurance
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…
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