Universal Life is Easy to Understand …. I still feel conceptually that Universal Life is: much easier to explain, it is much easier for the consumer to understand, and I believe it will prove to be much easier to administer if for no other reason than you do not have to reissue every time there…

Read More

Universal Life – Whole Life or Any Plan – History Rewritten Universal Life is not well understood and part of the mystery about it may well be due to a failure in my communication……    …….Universal Life was developed in 1962 as a generic plan, which means that it subsumes all other life insurance products.…

Read More

Universal Life Descriptions – NAIC A proposal to draft a universal life model bill was set forth by the advisory committee to the (A5) Universal Life Insurance Task Force. The advisory committee chairman, James Jackson of Transamerica Occidental Life, indicated that the drafting of such a model bill would be contingent on the ability of…

Read More

Universal Life Descriptions Universal Life – Descriptions – First Universal Life – Company Descriptions Universal Life Insurance – Current Government Descriptions Universal Life – International Descriptions This creature called universal life has evolved from a combination of term insurance and a flexible premium annuity to a range of differing products with various design features. 1983…

Read More

Universal Life – International Descriptions 2 Universal life is a combination flexible premium, adjustable life insurance policy. The policyholder may select the amount of premium he or she can pay and the policy benefits are those which the premium will purchase. Or, the premium payer may change the amount of insurance and pay premium accordingly.…

Read More

Q: What came first Universal Life or Adjustable Life? 1981 0511 – Ventura County Star / NYT – ‘Universal’ insurance making gains – newspapers.com/article/ventura-county-star/146622810/ The Life Insurance Co. of California was the first to sell the universal policies, in January 1979. Its name later was changed to Hutton Life. Adjustable Life Unfortunately the terminology that has developed…

Read More

Universal Life – Company Descriptions aigdirect.com/life-insurance-products/universal-life-insurance https://www.allstate.com/tr/life-insurance/universal-life-insurance.aspx 10ks vs Marketing In fact, it is accurate to describe Universal Life as a generalized version of the actuarial formulas underlying traditional life insurance products. In other words, it is possible to produce any traditional plan of insurance from the generalized formulas underlying universal life. —   Alan Richards,…

Read More

Universal Life Insurance – Government Descriptions Universal life insurance A form of permanent insurance designed to provide flexibility in premium payments and death benefit protection. The policyholder can pay maximum premiums and maintain a high cash surrender value. Alternatively, the policyholder can make minimal payments in an amount only large enough to cover mortality and…

Read More

Term Universal Life Insurance Guideline EEE was originally a separate reserving guideline, but it has now been incorporated into XXX. It covers the problem of term like universal life policies. It was originally proposed when companies started guaranteeing that a universal life policy would remain in force regardless of what happens to the account value…

Read More

Systemic Risk – Universal Life Insurance 3.2 Universal life Insurance (p10) – Because of the lowest guaranteed benefits that universal insurance provide, regulators and scholars widely discuss the potential systemic risk posed by universal insurance. 2020 02 – SOA – Systemic Risk in China’s Insurance Industry, Society of Actuaries – 55p Even the creation of a…

Read More