Questions
Q: How Does This Whole System Work?
Q: How Does This Whole System Work? Judge Richard Paez: “Then, How Does This Whole System Work?” VIDEO-CLIP – 13 seconds 15-56371 Susan Salyers v. Metropolitan Life Ins. Co. (United States Court of Appeals for the Ninth Circuit) – [VIDEO-YouTube-46:46] https://www.bonknote.com/wp-content/uploads/30-Saylers-v-MetLife-how-does-this-whole-system-work-agency.mp4 John LaFalce (D-NY) – During the course of our product liability travails, we ascertained…
Read MoreQ: What Happened to Universal Life Policies sold in the 1980s and 1990s?
Q: What Happened to Universal Life Policies Sold in the 1980s and 1990s? Social Media LIFE180 – Chris Naugle Lawsuits MDL – LC – Multidistrict Litigation – Legal Cases 2013 0225 – InvestmentExecutive.com – Appeal court restores allegations in proposed Sun Life class action, by James Langton – [link] The proposed suit concerns the sale…
Read MoreQ: Does It Matter If The Policy Lapses? – LIRPs
Q: Does It Matter If The Policy Lapses? – LIRPs Sean Covi TransAmerica 2023 0927 – Premier Marketing – Transamerica: IUL Products and Illustrations – [VIDEO-YouTube-01:01:03] Jeremiah Tacker, Regional Vice President with Transamerica 9 – Not sold for Death Benefits, if you want life insurance for Death Benefit buy Whole, Term. Bought for Cash Value…
Read MoreQ: How do you tell an Insurance Company that enough is enough?
Q: How do you tell an Insurance Company that enough is enough? (p38) – Alan Grayson (D-FL) – Let’s assume, for the sake of argument, that we agree that something went badly wrong in the case of AIG, and that bailing out AIG was not the best use of $100 billion of taxpayer funds. ⇒ Somewhere along…
Read MoreCopy of Q: How Can Universal Life Insurance Be Classified? Permanent / Whole / Term / Other
Q: How Can Universal Life be Classified? Permanent / Whole / Cash Value / Term / Other Q: Why is Universal Life called Permanent or Whole Life? Maybe Universal Life Shouldn’t be Called Permanent or Whole Life Q: How Else Could Universal Life Be Explained? NAIC Drafting Note: Although highly flexible, Universal Life insurance is…
Read MoreQ: Fraud or Clueless
Fraud or Clueless Question: … How do you account for the fact that hundreds went to jail in the previous banking scandal in the ’80s and no one has gone to jail here? Sheila Bair: I don’t know. I think it’s a combination of things. I think the line between fraud and just cluelessness or…
Read MoreQ: Will the World Collapse if…
Q: Will the World Collapse if… 1988 – SOA – Actuarial Opinion on Non-Guaranteed Elements, Society of Actuaries – 12p Larry R. Robinson,Chairman of the ACLI Subcommittee on Cost Disclosure The article is entitled “Future Shock” by Harry Lew with the sub-heading: – <WishList> “What will happen when a generation of insurance buyers begins comparing unrealistic illustrations with…
Read MoreQ: How are Life Insurance Policies Sold?
Q: How are Life Insurance Policies Sold? Q: Are Life Insurance Policies Being Sold For a Death Benefit or an Investment Vehicle? LIRP/ SLIRP – Life Insurance Retirement Plan Walker v LSW Target Premium, etc. IUL – NAIC Group
Read MoreQ: Should A Life Insurance Policy Be Split? – SIV/CIV
Q: Should A Life Insurance Policy Be Split? – SIV/CIV High early cash value policies, “premium endowments,” and other policies which overemphasize the cash-value buildup have been around for years. Recently, however, some state insurance departments have been taking a closer look at these policies. At least one state has gone so far as to…
Read MoreQ: Who Can Explain How Life Insurance Policies Work?
Q: Who Can Explain How Life Insurance Policies Work? Academics 2018 1118 – No. 294: Universal Life Policies—a Disaster for Life Insurance Companies and Their Policyholders, by Joseph Belth – [link] Detailed discussions of the history and operation of universal life may be found in college-level insurance textbooks. See, for example, pages 70-76 in the 15th edition…
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