Policies – Page 8 – [BonkNote]

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

Side Fund Actuaries have long known that the mechanics of a side fund, with deductions for decreasing term insurance, parallel the mathematical structures of the reserve and cash value in traditional products. Applying this analysis to universal life, both the reserve and the cash surrender value have been expressed in terms of a side fund,…

Charity Owned Life Insurance 2003 1202 – Letter – Anonymous Writer Criticizes Charity-Owned Life Insurance Anonymous to Susan Brown Associate Tax Legislative Counsel, Office of Tax Policy, U.S. Department of the Treasury pgdc.com/pgdc/story/anonymous-writer-criticizes-charity-owned-life-insurance 2010 – GOV (DOTT-Department of the Treasury) – Report to Congress on Charity-Owned Life Insurance – 39p 2010 – LC – OSU,…

Monolines Bond Insurers ACA Ambac FSA – Financial Security Assurance MBIA Financial Guarantee Insurance Financial Guarantors Bond Wraps Bill Ackman Eric Dinallo – 2007 01 – 2009 07 – New York State Superintendent of Insurance 1998 – SOA – Credit Enhancement of Guaranteed Investment Contracts and Funding Agreements, Society of Actuaries – 14p 2003 – Monoline Insurance & Financial Guaranty…

Financial Guarantee Insurance Monolines Bond Insurers FRB – Federal Reserve Board NAIC – Financial Guarantee Study Group Model Financial Guarantee Insurance Act SEC – Securities and Exchange Commission The financial meltdown that began in 2007 revealed problems with financial guarantee insurers and regulation of these insurers. 2011 – JIR / NAIC – Financial Guarantee Insurance…

Stable Value Prior to the Executive Life Insurance Company (ELIC) default there was no such thing as a stable value fund… — Murray L. Becker 1999 – SOA – Insurance Company Failures of the Early 1990s-Have We Learned Anything?, Society of Actuaries – 25p stablevalue.org/wp-content/uploads/Stable_Times_Volume_3_Issue_2.pdf 2011 – SEC-CFTC Stable Value Contract Study – Study of…

Minimum Deposit Plan 1959 – SOA – Report on the Regulation of Minimum Deposit Plan, Society of Actuaries – 3p 1983 – SOA – Individual Life Insurance, Society of Actuaries – 22p 2021 0202 – Joseph Belth – No. 408: A Recent Change in the Federal Income Tax Law Designed to Benefit Wealthy Life Insurance…

Tontine In his opinion the present trend toward these old tontine-like form of dividends is unfortunate and damaging to the business of life insurance and will end in restrictive measures by the government authorities. — Arthur Pedoe 1951 – SOA – General Session, Society of Actuaries – 15p Tom Foley (FL) said this sounded very…

Permanent Plan of Insurance Permanent Plan Permanent Life Insurance Taxonomy – Changes – Term to Permanent Universal Life as Permanent / Whole / Other Why is Universal Life Insurance sometimes called Whole or Permanent? The … company is to determine for itself which of its plans are to be treated as term insurance and which…

Policy Conversion The option of conversion to permanent insurance without evidence of insurability began to be common in term policies on this continent during the 1890’s. 1949 – SOA – Term Conversion Option, Elgin G. Fassel, Society of Actuaries – 42p