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]