Policies – Page 9 – [BonkNote]

Permanent Plan Plan of Insurance In essence, the model regulation assumes that at issue, all universal life policies are permanent plans. [Bonk: model regulation = ULMR – Universal Life Model Regulation] The r-ratio is meant to measure the extent to which the policy is “on track” as a permanent plan. 2018 – Book – Statutory Valuation…

Taxonomy – Changes – Term to Permanent A few companies have introduced a product known as Universal or Total Life. The concept involves… the company withdraws an amount sufficient to pay the premiums for an annual renewable term coverage for the amount selected for the for the current policy year. (p70) 1982 – Book -…

Universal Life – Index ABCDEFGHIJKLMNOPQRSTUVWXYZ# B BGA – Benefit Generating Account BGF – Benefit Generating Function Back to top C Copy of Q: How Can Universal Life Insurance Be Classified? Permanent / Whole / Term / Other Back to top D DIY – Do It Yourself Dynamic Back to top F Fixed Premium Universal Life…

Modified Premium Whole Life Out of curiosity, I examined Conning and Company’s printed studies on twenty-two large stock life insurance companies … Among those companies showing a more rapid growth in the whole life and endowment account, I found the following changes had transpired between 1961 and 1966: (2) modified premium whole life policy had…

Group Universal Life Insurance WILLIAM R. BRITTON, JR: We will take a current assessment of this phenomenon called group universal life (GUL). I’ll begin with overview and history, Ms. Herz will discuss reasons that employers and employees are interested in GUL, how well it is being accepted, and the market outlook. Mr. Duncan will concentrate…

Specific Policies Aetna – Voya – Aeconoflex – AEconomaster Aeconoflex 2019 – ACLI – Cost of Insurance in the News – 16p 1983 1010 – Forbes – Aetna [Voya] – Aeconoflex – p147 AEconomaster – [Bonk: approximately 1979-1983-?] 1980 – SOA – Non-Participaring Life Products with Non-Guaranteed Premiums (rsa80v6n32), Society of Actuaries – 22p James A. Geyer: I would like now…

Policies – Index ABCDEFGHIJKLMNOPQRSTUVWXYZ# A Accelerated Benefits Adjustable Life Descriptions Adjustable Life Insurance Adjustable Life Insurance – Index American Amicable – Horizon Life Insurance Annuities ART – Annual Renewable Term Back to top B Bank-like Business Interruption Insurance Back to top C Cancer Insurance Cannibal Life Cash Value Life Insurance Charity Owned Life Insurance Completely…

Adjustable Life – Descriptions Adjustable Life Insurance: a type of insurance that allows the policyholder to change the plan of insurance, raise or lower the face amount of the policy, increase or decrease the premium, and lengthen or shorten the protection period. (p109/G1) 2002 – IAIS/World Bank – Supervision of Insurance Operations – 140p *Adjustable Life…

Credit Insurance https://content.naic.org/sites/default/files/model-law-370-consumer-credit-regulation.pdf 1972-2, NAIC Proc. – Credit Insurance Revisited: A Reply to the NAIC Staff Study – p429-? 1999 – SOA – Give Me Some Credit! The 50-Year History of Credit Regulation, Society of Actuaries – 21p 2018 – JIR / NAIC- New Evidence on an Old Unanswered. Question: The Decision to Purchase Credit…

NSLI – National Service Life Insurance 38 USC Ch. 19: INSURANCE From Title 38—VETERANS’ BENEFITSPART II—GENERAL BENEFITS CHAPTER 19—INSURANCE SUBCHAPTER I—NATIONAL SERVICE LIFE INSURANCE https://uscode.house.gov/view.xhtml?path=/prelim@title38/part2/chapter19&edition=prelim 1941 – govinfo.gov/content/pkg/GPO-CRECB-1941-pt9/pdf/GPO-CRECB-1941-pt9-17.pdf 1951 – GOV – Senate – Report – USE OF DIVIDENDS TO PAY PREMIUMS ON NATIONAL SERVICE LIFE INSURANCE – 4p 1969 – GOV (House) – Use of…