SandBox
SB – Top Hits
SB – Top Hits 2010 – LC – Blumenthal v New York Life Sutherland Legal Alert: 2010 0930 – Sutherland / Blumenthal vs New York Life – Court Rejects Suit Alleging Fraud and Negligent Design in the Sale of Universal Life Insurance Policies – 2p 2011 1129 – Sutherland / Blumenthal v New York Life…
Read MoreSB-Policy Performance, Variability, UL Description
sb-policy-performance-variability-Non-guaranteed Elements – Universal Life Universal Life Descriptions Policy Performance Variability / Volatility Nonguaranteed Elements (NGE’s) / Nonguaranteed Policy Elements Illustrations Disclosure Life Insurance Buyer’s Guide Sales / Buying Process Market Conduct Premium Lapse Academics ACLI Actuarial Government Law NAIC Mr. Wicka said the paper <Assurity White Paper- Consumer Issues Associated with Guaranteed Universal Life Policies”…
Read MoreSB-Academic
SB-Academics Academic Papers 2004 – AP Ins – UNIVERSAL LIFE INSURANCE- ASPECTS OF THE CASH VALUE DEVELOPMENT 146p ~ 1986 – AP Ins – A Comparison of Universal Variable Life Insurance 62p ~ 201x – AP Ins – Universal Life Duration Measures 14p ■ Accounting Insurance ■ ACTUARIAL Papers ■ Assymetric Information ■ Authentic Language…
Read MoreShort Lists
Short Lists http://www.bonknote.com/draft-short-list/ Policies Adjustable Life – bonknote.com/adjustable-life/ Walter L Chapin – Minnesota Mutual 1976 – Toward Adjustable Individual Life Products, Walter L. Chapin, Society of Actuaries – 50p This leads to the second attitude adjustment that is needed. The old distinction between term and permanent is usually not appropriate for an adjustable life policy. In…
Read More425-letter-2
425-letter-2 Also, because most people presume that if you pay your premium continuously, your policy will remain in effect, quite a few people had a hard time understanding how or why the policy would terminate in policy year 31. This was simply foreign to their way of thinking. 1990-1A, NAIC Proceedings – NAIC / LIMRA – Universal…
Read MoreSB – Letters – 421
SB – Letters – 421 But nowhere has there been a serious, full dress attempt to re-define the modern American insurance transaction as a sui generis <Unique> matter. Perhaps the job is too big, or too dull.” 1950 – THE SPECIAL NATURE OF THE INSURANCE CONTRACT: A FEW SUGGESTIONS FOR FURTHER STUDY, FRANKLIN M. SCHULTZ,…
Read MoreNOWTHEN
NOW THEN https://www.bonknote.com/wp-content/uploads/30-Saylers-v-MetLife-how-does-this-whole-system-work-agency.mp4 Saylers-v-MetLife So, how does this whole system work? Industry Reputation Market Conduct/ Complaints/ Lawsuits Product Performance- Universal Life Consumer Accountability Disclosure Sales Process Plan of Insurance Interest Variability Premium Coverage Period- Universal Life Premium – Universal Life Benefits – Universal Life Compare Contrast: Pricing – Life Insurance vs Car Insurance Non-guaranteed Elements…
Read MoreOr-sb
or As a result of the declining interest rates during the first ten years, the amount accumulated in the deposit fund after ten years is less than anticipated when the contract was issued, and less than necessary to keep the contract in force for the long term if the original “target premium” assumptions were continued.…
Read MoreThe Hidden Factor
The Hidden Factor Interestingness requires the proper connections and interactions among diverse parts. (p8) The Hidden Factor: Why Thinking Differently Is Your Greatest Asset, By: Scott E. Page, The Great Courses – PDF-186p When we don’t see diversity producing benefits…. then we should go looking for a cause.. Now that cause is all too often stems from…
Read MoreDynamic or Not?-sb
Dynamic or Not? “…completely Dynamic services and policy opportunities for their customers to purchase and to elect a variety of options.” 2019/11/09- Life Insurance Illustrations Issues Working Group – Michael Lovendusky, ACLI “They <Universal Life Policy> merely afford purchasers greater flexibility in designing their contracts so as to meet their individual needs.” STATEMENT OF THE…
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