Policies
MVA – 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…
Read MoreIrreplaceable Life – Executive Life
Irreplaceable Life – Executive Life 1984 0131 – GOV (Senate) – Tax Treatment of Life Insurance Products and Policyholders – [PDF-345p-GooglePlay] RALPH H. GOEBEL: We have an irreplaceable life type product that on the surface is a straight ordinary life policy. You can also look at it as a type of Universal Life product where the fixed…
Read MorePolicy Categories – Blurry
Policy Categories – Blurry ROLAND R. ROSE: Is your particular first-to-die product a universal life or a par whole life design? MICHAEL J. ROSCOE: Depending on who you talk to, it’s an interest-sensitive whole life or a fixed premium universal life, but it’s not a par whole life policy. 1991 – SOA – Product Update -…
Read MoreFixed Premium Universal Life
FPUL – Fixed Premium Universal Life Current Assumption Whole Life 2005 – SOA – Determining Guideline Premiums for Fixed-Premium Universal Life Insurance Contracts, by John T. Adney, Brian G. King and Craig R. Springfield – 6p 1988-2, NAIC Proceedings – (p411) Date: May 16, 1988 To: Dave Becker From: Doug Doll Subject: Fixed Premium Universal Life In…
Read MoreNarrative Summary
Narrative Summary The narrative summary consists of: (1) a brief description of the policy being illustrated and the statement that the policy being illustrated is a life insurance policy; (2) a brief description of the premium outlay or contract premium as applicable for that policy; (3) a guaranteed maturity premium to keep the policy in…
Read MoreDynamic
Dynamic Products NGEs – Non-Guaranteed Elements Policyholder Behavior NAIC Working Groups – Current / Recent ACLI Letter 2016 0517 – LIIIWG – Assurity Resources – Consumer Issues Associated with Guaranteed Universal Life – NAIC – 11p 2017 1115 – Letter – AAA tp NAIC – (American Academy of Actuaries) – Re: Life Insurance Buyer’s Guide…
Read MoreSurplus Lines of Insurance
Surplus Lines of Insurance 1981 – SOA – Asset Management for an Insurance Company, Society of Actuaries – 14p NAIC content.naic.org/cipr-topics/surplus-lines Surplus Lines (C) Task Force – [link] Surplus Lines (C) Working Group – [link] 2010 0722 – CRS – Surplus Lines Insurance: Background and Current Legislation – 9p 2021 Excess and Surplus Lines Laws in the United…
Read MoreEndowment Policies
Endowment Policies 1975-1, NAIC Proceedings – Some Problems With Special Endowment Policies: A Report – (p750) annual pure endowment (APE)
Read MoreGroup Life Insurance
Group Life Insurance 1955 – SOA – Funding of Group Life Insurance, Charles L. Trowbridge – 16p 2015 – LC – 15-56371 – Susan Salyers v. Metropolitan Life Ins. Co – [link-Youtube] 2016 – LC – 14-1944 – Hawkins, et al v. Aetna Life Insurance Company, (Tenneco) – 8p
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