Universal Life
ULMR – Universal Life Insurance Model Regulation – MDL-585 – NAIC – Citations
ULMR – Universal Life Insurance Model Regulation – MDL-585 – NAIC – Citations ULMR – Universal Life Model Regulation – MDL-585 – Citations – NAIC — [BonkNote] NAIC – Universal Life Insurance Model Regulation – MDL-585 – 22p Chronological Summary of Actions 1984 Proc. I 6, 31, 376, 514, 515-526 (adopted). 1988 Proc. I 9,…
Read MoreGeorge Dinney
George R. Dinney Universal Life Insurance Great-West Life Assurance Company WHO CONCEIVED THIS INSTRUMENT? – Universal Life Insurance Subject to responsibility being accepted (and documented) by somebody else, we hold that the father is George R. Dinney, and the place of conception Winnipeg, Canada. 1981 – SOA – Who Conceived this Instrument?, by EJM, Ernest…
Read MoreIUL – Indexed Universal Life Insurance
IUL – Indexed Universal Life Fixed Indexed Universal Life The ACLI’s Dolan says: “Owners of this product must be aware of exactly how it works, because, unlike certain other types of life insurance, IULs have a fluctuating component to them.” 2020 0923 – Forbes – Sounding The Alarm On Indexed Universal Life Insurance – [link] 2018 -…
Read MoreVUL – Variable Universal Life
VUL – Variable Universal Life The product is likely to be sold by sophisticated agents and financial planners. Many of these agents and planners are accustomed to similar investment features in annuities and will be the first to make the transition to variable universal life. Another distribution source for the product is stockbrokers. — Zafar…
Read MoreUL – Universal Life Insurance
UL – Universal Life Insurance Universal Life – Index Universal Life Descriptions NAIC – Universal Life Insurance Model Regulation (MDL-585): – 22p NAIC – ULMR – Universal Life Insurance Model Regulation (MDL-585) – Citations GMF – Guaranteed Maturity Fund GMP – Guaranteed Maturity Premium R-Ratio Most of us have forgotten the original concept of…
Read MoreUniversal Life – Advertisements
Universal Life – Advertisements 1990 1022 NP Ad Farm Bureau Insurance Universal Life.PNG 1987, May 28 – NP – Novi News, p3 Sun, Jan 23, 1983 – 34 · The News Leader (Staunton, Virginia) · Newspapers.com
Read MoreUniversal and Other New Plans Task Force – NAIC
Universal and Other New Plans Task Force – A – NAIC 2. Discussion of task force charges Commissioner Hager (Iowa) indicated that two components of the task force charges were to be the focus of the discussion: (1) the activity of the actuarial task force and; (2) whether there are disclosure problems with universal and…
Read MoreUniversal Life Task Force – (A) – NAIC
Universal Life Task Force – (A) – NAIC FIRST: 1983-4, NAIC Proc. LAST: 1988-1, NAIC Proc. In June 1982 the NAIC created a new Universal Life Insurance Task Force 1983-1, NAIC Proceedings 1. In the Plenary Session, the Executive Committee report was adopted subiect to the following amendments to the report of the Life Insurance…
Read MoreProduct Development Task Force – NAIC
Product Development Task Force – (A) – NAIC Consumer Disclosure Issues Working Group of the Product Development (A) Task Force – NAIC Focus Groups FIRST: 1989-4 NAIC Proc. 673 / LAST: 1991-4 NAIC Proc. 604 1988-2 NAIC Proc. – Name Changed – John Montgomery (CA) suggested a change in the name … Changed name from…
Read MoreUniversal Life – Descriptions – Early
Universal Life Descriptions 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. 1987 – Book Chapter – The Search for…
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