SandBox – Page 4 – [BonkNote]

Bills – More The Depository Institutions Deregulation Committee H.R.25 – FairTax Act of 2021 117th Congress (2021-2022) | Get alerts BILLHide Overview Sponsor: Rep. Carter, Earl L. “Buddy” [R-GA-1] (Introduced 01/04/2021) Committees: House – Ways and Means Latest Action: House – 01/04/2021 Referred to the House Committee on Ways and Means. (All Actions) congress.gov/bill/117th-congress/house-bill/25/text Sec…

Heroes Sandbox Consolidated Appropriations Act 2021 Congress added cash value accumulation standards for life insurance policies to the Internal Revenue Code in an effort to keep people from calling ordinary investment arrangements life insurance policies. https://www.thinkadvisor.com/2020/12/22/cca-2021-package-includes-life-insurance-interest-rate-provision/ Representatives from the American Council of Life Insurers said that, if the Heroes Act interest rate rules took effect, the…

Universal Life and Adjustable Life are Different Adjustable Life is quite different in form from Universal Life, largely because it retains the traditional principle that savings and insurance elements are intertwined–but we shall see that the same objectives can be accomplished. — Charles Trowbridge 1976 – SOA – Adjustable Life Products, Society of Actuaries -…

4 Percent Chalke and Davlin point out that a policy that provides whole life benefits assuming 10 percent interest is not a whole life plan if the guaranteed cash value is only 4 percent. Such a plan is term insurance only for a period of years. — Thomas G. Kabele 1983 – SOA – Universal Life…

Lines I was going to go ahead and say that I am outraged as well, but what I would like to be is enlightened. (p15) — RANDY NEUGEBAUER, Texas 2009 0318 – American International Group’s Impact on the Global Economy: Before, During, and After Federal Intervention – aka Federal Aid to AIG Insurance, CEO Testimony – [PDF…

The Big Short 2010 – Book – The Big Short: Inside the Doomsday Machine, by Michael Lewis 2015 – Movie – The Big Short bestinterest.blog/explain-the-big-short/ Heated exchange as CEO of investment bank testifies, protest – Youtube – [link]

sleuths Guess all we can say is: Internet sleuths, get to work! https://www.yahoo.com/entertainment/jennifer-aniston-recalls-rude-friends-133343781.html https://www.yahoo.com/news/scientist-says-hes-found-13-131605072.html

Nuances Lapse vs Surrender P1P2 It is not the marketing strategy. It is a marketing strategy. That’s a nuance that’s an important one to us. –Matthew DeSantos (LSW), (p15-16), 2014 0423 – DOC 812 – Trial Transcript – 194p Most term policies don’t build up cash values that you can use in the future. 2018 – NAIC Life Insurance…

FCIC – Sandbox 2011 – GAO – GOVERNMENT ACCOUNTABILITY OFFICE, FINANCIAL CRISIS: REVIEW OF FEDERAL RESERVE SYSTEM ASSISTANCE TO AMERICAN INTERNATIONAL GROUP, INC. 15 (Sept. 2011) – [PDF-152p] Similarly, the NAIC contends that “AIG’s securities lending portfolio had not been included on the company’s balance sheet due to a liberal interpretation of the accounting requirements;…

SB – Not Life Insurance Funniest scene ever in Gilligan’z Island https://www.youtube.com/watch?v=yWgYWzHOiSk TikTok Guy – Difficult or Easy Industrial Loan Corporations (ILC) Walmart, Jake Garn, FDIC