Words – Page 2 – [BonkNote]

Unsuitable 1979 – LR – Remedies for the Buyer or Beneficiary of an Unstable Life Insurance Plan, by Wilbur C. Leatherberry, 32 Rutgers L. Rev. 431 – 53p

Common Sense The fact that we charge people fees that we have disclosed and that fees reduce the value of your policy, and if your policy keeps reducing in value, it will lapse, is not a fraud. That’s common sense. That’s how life insurance works. (p171) — Closing Argument by Mr. Martens, (Defense Attorney, LIfe…

Loopholes gaps Now as usual, things that are prohibited can nonetheless be done if you do them right. The way to do it is either comply with an exemptive rule or get an exemptive order. — W. Randolph Thompson, with the law firm of Jones & Blouchin Washington, will speak on some SEC issues 1993 -…

Municipal Ambac – American Municipal Bond Assurance Corporation MBIA – Municipal Bond Insurance Association Municipal Bonds Municipal GICs Municipal Securities Rulemaking Board (MSRB)

Murder Murder 2003 – JIR / NAIC – The Murder of the Insured By the Beneficiary: Attempting to Quantify One Moral Hazard Relating to Life Insurance Contracts – 29p 2016 0901 – Yakima Herald – Court denies retrial for man convicted of murdering Vern Holbrook – [link] Prosecutors said Blizzard sought to kill Holbrook after…

Loads 1984 – SOA – Rear End Loaded Funds, Society of Actuaries – 22p

Change AIG – Name Changes / Mergers Change Without Damage NAIC – Name Changes Times Have Changed The product revolution, in my mind, began in the 1970s with the introduction of indeterminate premium products. The introduction of universal life in the early 1980s really did create a revolution. We’ve seen more product change and…

Shock The flexibility of Universal Life that initially appealed to the policyholder which allowed him to change premium payments, coverages, etc., will make this annual report of the condition of his “account” an unanticipated shock. — Dale W. Hotze, is President of Hotze & Associates Inc., Jacksonville, Florida. 1983 – SOA – Universal Life (rsa83v9n32), Society…

Knowledge When there is so much to be known, when there are so many fields of knowledge in which the same words are used with different meanings, when everyone knows a little about a great many things, it becomes increasingly difficult for anyone to know whether he knows what he is talking about or not.…

Absurd An insured has no right to rely upon an agent’s patently absurd interpretation of a policy. He ordinarily may rightfully rely, however, upon an agent’s interpretation that is plausible and not in patent conflict with the printed policy although legally untenable. Mutual Ben. Life Ins. Co. of Newark, N.J. *403 v. Bailey, 5 Storey…