Snippets
1985 – FTC – Report – Life Insurance Products and Consumer Information
1985 – FTC – Report – Life Insurance Products and Consumer Information 1985 11 – FTC – Report – Life Insurance Products And Consumer Information, by Michael P. Lynch and Robert J. Mackay, Staff Report Bureau of Economics, Federal Trade Commission — [BonkNote] — [PDF-317p] (p36) – See, for example, the statement of John Filer, then…
Read MoreOld – Snippets
Old – Snippets Give the life insurance theorist a chance —he may stumble on a good thing that will be as much of a surprise to him as the outside world. (p313) — A.B. Kellogg 1906 – Moodys Magazine, Vol 2 If life insurance truths have not been widely disseminated and assimilated, life insurance untruths have. (p29)…
Read More1990s – Actuarial – Snippets
1990s – Actuarial – Snippets I think we need to focus more on building a knowledge base. It seems to me our knowledge base is what we live or die on. — Anna Rappaport, (2023 – The Actuarial Foundation, Emeritus Trustee) 1990 06 – SOA – The Actuary Magazine, Society of Actuaries – 5p William…
Read MoreAgents – Snippets
Agents – Snippets 1990s – Agent – Snippets Q Well, the focus on income payments, what he would get after retirement — A You mean policy loans is what we’re talking about. Q All right. The letter refers to income payments, correct? A Um hum. Yes. Q Is there any reference there to policy loans?…
Read MoreNAIC – Insurance Commissioners – Snippets
NAIC – Insurance Regulators – Snippets NAIC – Insurance Commissioners – Snippets NAIC – Insurance Commissioners – Snippets – 1970s NAIC – Insurance Commissioners – Snippets – 1980s NAIC – Insurance Commissioners – Snippets – 1990s NAIC – Insurance Commissioners – Snippets – 2000s NAIC – Insurance Commissioners – Snippets – 2010s NAIC – Snippets…
Read MoreMedia – Snippets
Media – Snippets A popular insurance product of the 1980s and 1990s <Universal Life> has come back to bite many older Americans. 2018 0919 – WSJ – Universal Life Insurance, a 1980s Sensation, Has Backfired: A long decline in interest rates caused premiums to soar when they were supposed to stay level, by Leslie Scism – [link]
Read MoreGovernment Hearings – Snippets
Government Hearings – Snippets Government Hearings – Snippets – 1970s Government Hearings – Snippets – 1990s
Read MoreLIIIWG – Life Insurance Illustrations Issues Working Group – (A) – NAIC – Snippets
LIIIWG – Snippets 2015 2015-1 2015-2 2015-3 3. (LIAC) Appointed a New Working Group to Address Life Insurance Policy Illustration Issues In response, she <Commissioner McPeak> said the Committee received comments from the American Academy of Actuaries (Academy), the American Council of Life Insurers (ACLI), the California Department of Insurance, the Massachusetts Mutual Life Insurance…
Read MoreNAIFA / NALU – Snippets
NAIFA / NALU – Snippets 1970s George Hill: In September, 1972, the National Association of Life Underwriters National Council went on record as opposing the adjusted method or any specific formula or index which purports to represent the cost or relative value of a life insurance policy. However, their board of trustees held to its…
Read MoreNAIC – Working Groups – Snippets
NAIC WGs – Snippets 2013 24. Discussed Inconsistencies in Index-linked Universal Life Policy Illustrations John Bruins (ACLI) discussed the inconsistencies, across a number of companies, in the illustration of index-linked universal life policies. He said they would like the Task Force to consider an actuarial guideline or a change to a model regulation to address…
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