Death Benefit - Increases

  • Yet insurance companies appear to cope with inflation better than most businesses.
    • This is because Americans are buying bigger policies to help offset the erosion of their portfolios and because they are realizing higher yields on their substantial investments.

1979 0930 - NYT - The Appeal of Life Insurance Fades, But Most Families Still Buy It, By Edwin McDowell  ---  [BonkNote]   ---  [link-Paywall Free]

  • We designed commission rules that anticipated a relatively large number of rollovers of existing policies;.
  • ..full commissions are paid provided the new Universal Life face amount is at least two times the face amount of the replaced policy.

--   Phillip B. Norton, not a member of the Society, is Vice President of The Lincoln National Life Insurance Company

1983 - SOA - Individual Life Insurance Retention and Replacement Strategies, Society of Actuaries - 24p