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Connections The reader might assume that the subject of life insurance is neither very controversial nor interesting. Such a conclusion would be in great error. 1982 – Introduction to Life Insurance – Mark Dorfman, Academic Textbook Interestingness requires the proper connections and interactions among diverse parts. The Hidden Factor: Why Thinking Differently Is Your Greatest Asset…

4 – NAIFA / NALU 2015 2015-2 3. Discussed Senior Investment Protection Gary Sanders and Steve Kline (National Association of Insurance and Financial Advisors—NAIFA) provided a presentation on senior investor protection. Mr. Sanders explained that NAIFA is working on an educational program to help its members “navigate the waters” of retirement investment in order to…

Informed Consumer (p33) – Informed consumers are the cornerstone of effective consumer protection. This is particularly true in relation to life insurance with its proliferation of complex products over the past decade. — NAIC – Statement of David Lyons, Iowa Insurance Commissioner (IA), On Behalf of the National Association of Insurance Commissioners 1993 0525 -…

Policy Overview Ideas 1976 – AP – Implementation of Full Disclosure of Policy Value in the Life Insurance Contract Per 1000 Bernacchi – 17p Life Insurance Disclosure Model Regulation – January 1993 – Appendix D Policy Information for Application -Universal Life ACLI – IAA joint reportaugfinal 31-32 Policy Overview_Page_1 ACLI – IAA joint reportaugfinal 31-32…

LOOK My staff has conducted a major investigation of these issues. I must say today that I was shocked when I saw its findings. (p1) — Senator Howard Metzenbaum (D-OH) 1979 0524 – GOV (Senate) – Cost Disclosure in Life Insurance, Howard Metzenbaum (D-OH) — [BonkNote] Look-Blumenthal Deposition Look – Kablach Deposition Do you see…

Look – Blumenthal Deposition 2009 – LC – Blumenthal v New York Life — [BonkNote] In my experience very smart people don’t really know what all the components mean. I feel like it does lead to confusion. So, I think … if you can refer to the eventual illustration and just show the cash value. — Teresa…

Q: Is it Accurate to Call Universal Life a Whole Life Policy? Maybe…Maybe Not…. Who refers to Universal Life as Whole? As long as you pay the premium Permanent insurance is a term used only by the industry – not by consumer educators. We would prefer – Life insurance comes in two basic types: Term…

Informed Consumer 2016/4/3 – Life Insurance Illustrations Working Group Conference Call – NAIC Proceedings ……consumers being better able to understand the product performance…… ……need to take a broader look at how all products are explained to consumers…….. 2016 vs. 1982 1982 Proc. II 359-360 – Universal Life Model Regulation – Citations The Universal…

Issues and Debates ABCDEFGHIJKLMNOPQRSTUVWXYZ# A As long as you pay the premium Back to top B Bait and Switch BTID – Buy Term Invest the Difference Back to top C Change Without Damage Commissions Companies Changing Systems Complaints Confusing to People Confusion Copy of Q: How Can Universal Life Insurance Be Classified? Permanent / Whole…

Draft – Short List https://www.bonknote.com/cash-value/ Benefits Costs / Unbundled Policy Overview Ideas Premium Roles Agents Understanding / Explaining UL General Focus Groups Performance / Volatility / Duration Finding Stuff MarkUps NAIC Illustrations Model Regulation – MarkUp NAIC Universal Life Model Regulation – MarkUp Leslie Scism – Article – MarkUp Policy Overview Docs Vogt v State…

Connections

4-NAIFA

Informed Consumer

Policy Overview Ideas

LOOK

Look – Blumenthal Deposition

Q: Is it Accurate to Call Universal Life a Whole Life Policy…..Maybe Not….

Informed Consumer-2

Issues and Debates

Draft – Short List