Non-Traditional Life Insurance Products
- 1996 - SOA - Legal Issues Affecting Nontraditional Products, Society of Actuaries - 14p
- A new exposure draft of a revised model regulation has been prepared by the staff of the American Council of Life Insurance [ACLI]
- The following are among the principal features incorporated in the revised draft:
- 2. A special plans section to accommodate the unique features of nontraditional plans such as universal life insurance.
1982-2, NAIC Proc.
- The obvious question that springs to mind when asked
to consider non-traditional life products is what is meant by "non-traditional"?- Upon reflection, virtually every product of significance in today's market can be termed non-traditional in one way or another.
-- Trevor C. Howes
1984 - SOA - Non-Traditional Life Insurance Products--Canada, Society of Actuaries - 28p
- (p34) - With respect to NT <non-traditional> products, the investment guarantee products, and the universal insurance are all systematic trigger factors. (p12)
2020 02 - SOA - Systemic Risk in China’s Insurance Industry, Society of Actuaries - 55p
- Let's take a look at some nontraditional products, including insurance company separate account products.
- These products have evolved to address the basic concern that a lot of plan sponsors have about the creditworthiness of the insurance company and its ability to pay a claim in the general account.
-- Joseph J. Buff
1992 - SOA - GICS and Other Insurance Company Products - Are They Still Alive? - 26p
- On behalf of its 525 member life insurance companies the American Council of Life Insurance (the "Council") is pleased to have this opportunity to present its views on the continuing inquiry into the regulation of so-called nontraditional insurance products being conducted by the NASAA/NAIC Joint Regulatory Insurance Products Study Committee (the "Joint Study Committee").
1982-1, NAIC Proceedings - 1981 0831 - ACLI - Statement of the American Council of Life Insurance Before the NASAA NAIC Joint Regulatory Insurance Products Study Committee - 10p
- All these companies had grown rapidly in the 1980s through the sale of tens of billions of dollars worth of investment-oriented products.
- These products, mostly single premium deferred annuities (SPDAs) and guaranteed investment contracts (GICs), differ from what insurance companies have traditionally offered customers.
- They are sold on the basis of their high fixed rate of return and have more in common with bank certificates of deposit than with other insurance products. (p. 2).
1992 - FRB -SPDAs and GICs: Like Money in the Bank? - Richard M. Todd, Neil Wallace - FRB Quarterly Review
- CONSUMER PROTECTION & ACCESS TO SERVICES
- TITLE: A COMPARISON OF NON-TRADITIONAL LIFE INSURANCE PRODUCTS WITH PRODUCTS SOLD BY OTHER PROVIDERS (233469)
- BACKGROUND: The predominant source of revenue for the life insurance industry derives from selling investment-oriented products rather than traditional life insurance.
- These products are often similar to those sold by other financial institutions, although subject to regulatory policies and supervision that can be very different.
- KEY QUESTIONS:
- 1) How do the products sold by life insurers compare with other financial products?
- 2) Are differences among products reflective of consumer needs or regulatory structure?
- KEY QUESTIONS:
1995 0701 - GAO - Active Assignments - AA-95-7(3) - 18p