Combined Insurance Company of America

Combined Insurance Company of America

• W. Clement Stone
  • en.wikipedia.org/wiki/W._Clement_Stone   
• Spencer Koppel
  • 1966-1985 – Combined Insurance Company of America – Senior Vice President and Chief Actuarial Officer
• Walter Chapin
• adjustable policy.

• In 1965, when Combined Insurance Company determined that the time was right for it to enter the life insurance market, Walter Chapin was hired as a consultant.
  • Walter suggested a product concept from which was designed that first “prototype” adjustable policy.
  • It was adjustable in that it permitted the policyholder to, at his option, adjust his face amount.

—  Spencer Koppel  

1979 – SOA – Future Trends and Current Developments in Individual Life Products (rsa79v5n44), Society of Actuaries – 24p