Policy Mechanics – Cash Flow – Page 6

Performance Benefits Coverage Period Historical Performance Policy Performance, Variability, UL Description Results Outcomes Cost – 2000 – AP – The Nature and Causes of Variation in Insurance Policy Yields: Whole Life and Universal Life, Journal of Insurance Issues, 2000, 23, 1, pp. 30–47, by James M. Carson and Mark D. Forster – 18p The actual versus…

Cash Value Gary Sanders (National Association of Insurance and Financial Advisors—NAIFA) agreed that use of the term “cash value” was confusing. 2017 0217 – NAIC – LIBG WG Conference Call (p317) – Statement of the National Association of Life Underwriters [NALU, Current Name is NAIFA] The Historical Treatment of Cash Values was Soundly Conceived Cash…

Premium Per Thousand For cost comparison purposes, the natural unit price for insurance is dollars of Premium per thousand dollars of death benefit per year—adjusted as appropriate and cash surrender values. — [ACLI] American Council of Life Insurance, on the FTC Staff’s Responses to Criticisms of the Report of the Report on Life Insurance Cost Disclosure …

Premiums Premiums – Index Richard Weber, Merrill Lynch Life … suggested that the illustration show … how the policy values are paying the premium. Mr. Morgan said that this issue needs specific attention because many complaints were received in the state insurance departments on this issue. (p521) 1994-3, NAIC Proceedings – Life Disclosure Working Group…

Lapse Lapse Rate Lapse Risk Lapse-Supported Lapse vs Surrender Lapse – Walker v LSW Defective – Lapse Prone – Walker v LSW Mass Lapse Problem – Lapse 1978 0807, 0814 and 0815 – GOV (House) – Life Insurance Marketing and Cost Disclosure, John Moss (D-CA) — [BonkNote] John Bragg: I can tell you how we handled…

Illustration Illustrations – Index In the January 1987 issue of Insurance Forum Joseph Belth makes the statement : In my opinion, life insurance sales illustrations are out of control. Furthermore, I am not aware of any significant attempts by any insurance organization or by the actuarial profession to deal with the problem. 1987 01 -…

NGEs – Non-Guaranteed Elements Assumptions Cost of Insurance – COI Interest Rate Non-Guaranteed Elements Work Group – NGEWG – AAA 2022 – SOA – Overview of Nonguaranteed Elements (NGEs), Society of Actuaries – 22p I have a theory that the difficulties the life industry faced with illustrations, including the billions lost in lawsuits, stemmed from…