FTC – Federal Trade Commission – Snippets

FTC – Federal Trade Commission – Snippets

• Senator Howard Cannon (D-NV): The CHAIRMAN:  So that the first 13 months is the highest?
• FTC – Mr. LYNCH: The 13-months-lapse rate is typically the highest, and it’s about 20 percent or so.

1979 0710 and 1017 – GOV (Senate) – FTC Study of Life Insurance Cost Disclosure, Howard Cannon (D-NV)   —  [BonkNote] 

• Cash value policies differ from term insurance in three important ways.
  • First, the premiums for a cash value policy are initially much higher than for term insurance for the same amount of insurance protection.
  • Second, unlike the premiums for term insurance, cash value premiums do not go up with age, but remain the same throughout the payment period.
  • Third, these insurance policies develop cash values which increase each year.  (p3)

—  David Fix, Lead Attorney, Insurance Matters, Bureau of Consumer Protection, FTC

1979 1011/1022 – GOV (House) – Small Business Problems with Insurance – Part 1 – 1979 1011/22  – [PDF-337-GooglePlay]