Policies

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

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# A ACLI – Universal Life Insurance Back to top B BGA – Benefit Generating Account BGF – Benefit Generating Function Back to top D DIY – Do It Yourself Dynamic Back to top F Fixed Premium Universal Life Funded Plans of Life Insurance (Universal Life) and Annuities – NAIC Back…

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…

Minimum Deposit Plan

Tontine

Permanent

Policy Conversions

Permanent Plan

Taxonomy – Changes – Term to Permanent

Universal Life Insurance – Index

Modified Premium Whole Life

Group Universal Life Insurance

Specific Policies