PremiumsandBenefits – [BonkNote]

1978 1112 – The Atlanta Constitution – New ‘Deposit Term’ Insurance Creating Uproar in Industry – [A.L. Williams], by Joe Ledlie 1978 1112 – The Atlanta Constitution – New ‘Deposit Term’ Insurance Creating Uproar in Industry – [A.L. Williams], by Joe Ledlie — [BonkNote] — [link-Part 1-p-newspapers.ocm] — [link-Part 2-p36-newspapers.com] 12 Nov 1978, Sun The Atlanta…

Hyperfunding 2014 0928 – Letter – Sheryl J. Moore to NAIC (LATF) – Moore Market Intelligence – RE: Actuarial Guideline on Illustrations for Indexed Life Insurance Policies – [link] Hyperfunding 2017 0522 – Veralytic – Criticism of Hybrid Life Insurance Products – [Barry Flagg] – [VIDEO-YouTube-46:56] SEC 151A, Harkin Amendment Red Flags 35 – HyperFunding 2024 0725 -…

Nonlevel Premium and Benefit Policies The valuation actuary concept is a form of dynamic valuation. It’s becoming increasingly clear that the traditional formula-driven valuation standards cannot deal with the many variations and products, and the pace and development of new products. This has become more obvious to me over the last year as I’ve chaired…

Premium Calculation PVFB=PVFP Ratebook Plan of Insurance When it offers a plan of insurance for a specified premium it does so on the basis of an expected level of mortality, interest, withdrawal, expense and taxation in the future. It also recognizes that the future experience levels will vary from those expected at issue through statistical…

BGA – Benefit Generating Account This creature called universal life has evolved from a combination of term insurance and a flexible premium annuity to a range of differing products with various design features. Common to any of these variations is the fact that future cash values cannot be determined completely at issue. Cash values (and…

BGF – Benefit Generating Function BGA – Benefit Generating Account BGF – Benefit Generating Function Premium Calculation One thing to keep in mind is that you can take a traditional whole life policy and determine an underlying benefit generating function, because the cash values are simply there. You can fix one item and say, “We…

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…

Underfunded Life Insurance Policies “under funded” “life insurance” Impactful Ideas to Promote Ethics Awareness Small Group Case Study Discussions Use Real (Sanitized) Cases From Your Own Company Supplement With Industry Challenges (e.g. Underfunded Universal Life Insurance Policies and What Steps Company Compliance & Ethics Professionals Can Take to Help Their Companies Address this Issue) 2019…

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…

Premiums, Costs and Benefits – Legal Cases Mr. Pickens and Cowboy Athletics, a fund-raising arm of the university, contend that the Lincoln National Life Insurance Company understated the costs of the program, overstated its potential financial benefits and charged the university inflated premiums, among other things. 2010 0212 – WSJ – University and Pickens Sue…