Policy Information – [BonkNote]

IRR – Internal Rate of Return 2021 – AP – A Study of Life Internal Rate of Return, by Roenganan, Sorrawee & Misiran, Masnita & Phewchean, Nattakorn. (2021). A Study of Life Internal Rate of Return. WSEAS TRANSACTIONS ON MATHEMATICS. 20. 122-133 – [link]

Lapse Rate Lapse Military 1871-1, NAIC Proceedings, (fka National Insurance Convention) — [BonkNote] — 233p (p175) – Letter – From E. W. Peet, Secretary of the National Life Insurance Company of the United States To the Committee of the National Insurance Convention, having in charge the rate of mortality and rate of interest for the calculation of…

Grace Period 2013 0905 – LC – Johnston & Johnston v Conseco – 5th Circuit Court of Appeals – 13-30010 – Oral Argument – mp3 — [BonkNote] ULMR – Universal Life Insurance Model Regulation – MDL-585 – NAIC – Snippets

Pricing Assumptions Actually, all of us know it is one thing to build into your pricing assumptions a certain rate of return, but it is quite another thing to find out what rate of return you are actually experiencing. — Owen A. Reed 1981 – SOA – Effective Use of Capital, rsa81v7n312, Society of Actuaries…

Options – Life Insurance Policy Michael Lovendusky, ACLI …said the ACLI work group thinks that most confusion for consumers involves complex products like universal life, and not Simple products like term life. He said consumers are mostly confused about options, guarantees and riders. The ACLI work group was considering asking the life insurance and Annuities…

Premium Payment Options The complications begin with a very simple question: What’s the premium for Universal Life? It could be almost anything. Then what’s the cash value? That depends on the premium. It is the relationship between the premium and cash value that determines the product characteristics of Universal Life. — Ben H. Mitchell, [Bonk: a…

Shock The flexibility of Universal Life that initially appealed to the policyholder which allowed him to change premium payments, coverages, etc., will make this annual report of the condition of his “account” an unanticipated shock. — Dale W. Hotze, is President of Hotze & Associates Inc., Jacksonville, Florida. 1983 – SOA – Universal Life (rsa83v9n32), Society…

Black Box 1996 – SOA – The Actuary, The Actuarial Black Box, by Sam Gutterman, Society of Actuaries – 2p 2009 0305 – WSJ – AIG’s Black Box The fourth rescue is not a charm, by Author-? – [link] What UL does, among other things, is to let the policyowner or maybe the agent pick…

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…

Separate Accounts 1985 0717 – Federal Register – Vol. 50, No. 137 p28930-28931 – SEC – Investment companies: Separate accounts funding flexible premium variable life insurance contracts – 2p 2000 – SOA – Separate Account Products in the U.S. and Canada: Comparing Their Design, Regulation, and Taxation, Society of Actuaries – 28p 2. A separate account is…