Dots - NAIC - Working Groups - 2013 Forward

2. Ensure customer awareness of the likelihood for variability of returns;

--  ACLI Letter

2014-, NAIC Proceedings 

2017 1106

Life Insurance Buyer’s Guide (A) Working Group

Conference Call

Attachment Four

Life Insurance and Annuities (A) Committee

 

Brenda Cude (University of Georgia) said the issue of NGEs is interesting, but not something the average consumer would understand.

  • She did not think it was information that was appropriate for a short guide for first-time purchasers.
  • Karrol Kitt (University of Texas—Austin) agreed with Ms. Cude.
  • Ms. Mealer also agreed that this was an important topic probably best  addressed in the online tool.

 

NAIC - 1050

  • We believe current illustrated rates are much higher than what is reasonably expected over the course of the policy and may lead to consumer disappointment, which could negatively impact the entire industry.

--  Metropolitan Life Insurance Company, New York Life Insurance Company and Northwestern Mutual Life Insurance Company

2014 0812 - Letter to LATF - IULISG - IUL Illustration Subgroup

  • Those illustrations were too aggressive I think.

-- Shane Chalke

1995 - SOA - Current Developments Surrounding Regulations and Standards of Life and Annuity Products, Society of Actuaries - 18p

 When a policyholder feels deceived, the disintermediation potential is enhanced.

-- Allen D. Booth

1982 - SOA - Universal Life Update , Society of Actuaries (rsa82v8n34) - 26p