Tools – [BonkNote]

COMPULIFE compulife.com/ – LC – Compulife v. Rutstein — [BonkNote] 2020 – LC – COMPULIFE SOFTWARE INC v. NEWMAN caselaw.findlaw.com/court/us-11th-circuit/2066425.html No. 18-12004, No. 18-12007 Decided: May 20, 2020 United States Court of Appeals, Eleventh Circuit COMPULIFE SOFTWARE INC., Plaintiff – Appellant, v. Moses NEWMAN, Aaron Levy, David Rutstein, a.k.a. David Anthony Gordon, a.k.a. Bob Gordon,…

MIB – Medical Information Bureau There is a serious question of public policy for this Committee to examine in hush-hush Bureaus, the MIB, and other “CIA type” techniques, which collusively, and without knowledge of the consumer, provide for the exchange of very personal information among hundreds of insurance companies. — Statement of Leonard Woodcock, President,…

Linton Yield Albert Linton James Hunt Richard C. MURPHY: One of your charges was to comment on the use of the Linton yields for dissimilar plans and to compare the costs. Has your group made much progress on that issue? William SNELL, Northwestern Mutual: We have looked into that and are not ready to comment…

Yield Index Yield Index Advisory Committee – NAIC 1989 – SOA – What Will Be The Life Insurance Products Of The Future, Society of Actuaries – 18p 1987 – SOA – Regulatory Update, Society of Actuaries – 26p The NAIC Yield Index Advisory Committee was started in the middle of 1984 at the behest of the…

Ratebook Universal Life is a ratebook and more, all by itself. If you say you have Universal Life, you in fact have more of a product than you probably have in your current portfolio at the present time. — Thomas F. Eason 1983 – SOA – Individual Life Insurance, Society of Actuaries – 22p Adjustable Life -…

Interest Adjusted Method IAM – Interest Adjusted Method Interest Adjusted Index C.L. TROWBRIDGE: My interest in this challenging subject goes back to my membership on the 1970 Joint Special Committee chaired by Jack Moorhead. This Committee proposed what was then known as the interest-adjusted method, which later became the basis of the NAIC approach now…

Data Bank Concept of a Life Insurance Policy Data Bank A national data bank, organized and operated through the auspices of the NAIC, would serve as a depository for raw data on new as well as existing policies for cooperating insurers. It is anticipated that the national data bank would: The data bank would receive…

Focus Groups / Consumer Testing Consumer Disclosure Issues Working Group of the Product Development (A) Task Force – NAIC Focus Groups – NAIC – 2000s A great deal of the confusion seems to stem from a lack of understanding of how cash value insurance products work and a lack of understanding of insurance terminology. Also,…

R-Ratio / R-Factor In essence, the model regulation <Universal Life Model Regulation> assumes that at issue, all universal life policies are permanent plans. The r-ratio is meant to measure the extent to which the policy is “on track” as a permanent plan. Statutory Valuation of Individual Life and Annuity Contracts | 5th Edition, Claire, Lombardi…