Double the Death Benefit
- 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
1986 - SOA - Individual Life Insurance Retention and Replacement Strategies, Society of Actuaries - 24p
- You have just indicated the mechanism of the enhancement as a possibility, I think we are going to have to seriously look at things like that as the decade goes on if this least likely of all possible economic worlds continues to hold.
-- Dale Gustafson, Northwestern Mutual
1980 - SOA - Treatment of Existing Life Insurance Policyholders in Times of Rapidly Changing Economic Conditions, Society of Actuaries - 16p