Search results for: howard metzenbaum
Problem – Company
Problem – Company 1949 – SOA – Some Actuarial Observations on Agency Management Problems, by Charles F. B. Richardson, Society of Actuaries – 46p 1977 – SOA – Effective Product Management, Society of Actuaries – 12p Mr. Montgomery asked how companies would control brokers who were selling insurance. 1994-3, NAIC Proceedings Mr. Wright said the Society…
Read MoreBonk – 2022 06
Bonk – 2022 06 2015 0329 – NAIC – LIAC, Life Insurance and Annuities (A) Committee Appointed a New Working Group to Revise the Life Insurance Buyer’s Guide. Ms. Matthews said the Committee has a 2015 charge to review and consider revisions to the Life Insurance Buyer’s Guide (Buyer’s Guide) in conjunction with the Life…
Read MoreMaybe the Federal Reserve Knows Something
Maybe the Federal Reserve Knows Something….maybe not 1980s Paul Volcker – (Federal Reserve Chairman, 1979-1987) 1990s Alan Greenspan – (Federal Reserve Chairman, 1987–2006) 2010s 2010 0127 – GOV (House) – The Federal Bailout AIG – [PDF-652p] Panel 1 – Geithner – [Video-YouTube] – They had no idea 2010 0430 – FCIC memo of staff interview with Sarah…
Read MoreDots – Policyholder Runs
Dots – Policyholder Runs No Runs on Life Insurance Run – Examples 2015 1119 Oversight of FSOC – Wagner [Have there ever been Runs on Life Insurance Companies? Yes] 1991 – FRB – Monetary Policy and Open Market Operations During 1991 – 123p Many life insurance companies had been hurt by declining real estate values, as…
Read MoreCan’t Say
Can’t Say A judge has ordered The Twin Falls Times News to pay $1.9 million in libel damages after it refused to disclose its sources for articles that an insurance company said ruined its business. 1978 0406 – NYT – $1.9 Million Payment Ordered in Libel Case – [link] 2007 0722 – WSJ – U.S. Regulators Shut Down…
Read MorePremiums, Costs, Values and Benefits – Congress
Premiums and Benefits – Congress I think any way that we can make illustrations more understandable to the public is certainly going to help us. We’ve seen the problems that have occurred when Senator Howard Metzenbaum (D-OH) was given an illustration with a vanishing premium, and he had absolutely no idea that he had bought…
Read More2021 1107
2021 1107 It’s very possible to have a 25-year term with zero cash value, using a UL product. — Lawrence Silkes 1990 – Life Product Development Update, Society of Actuaries – 20p Questions – 2021 11 What is a Supplemental Illustration? (BB, Wicka, Donna Wicka – More Complicated products would need more pages.) – 2018/10/9- LIIIWG -…
Read MoreLDWG – Life Disclosure Working Group (A) – NAIC – Selections
LDWG – Life Disclosure Working Group – (A) – NAIC – Selections LDWG – Life Disclosure Working Group – (A) – NAIC — [BonkNote] 1982-2, NAIC Proceedings – [ULMR – Universal Life Insurance Model Regulation – MDL-585 – NAIC] This model began its development when an interested party* gave a brief description of the background and…
Read MoreNALU – National Association of Life Underwriters
NALU – National Association of Life Underwriters, cka NAIFA NALU – National Association of Life Underwriters Currently known as NAIFA (National Association of Insurance and Financial Advisors) William Albus Thomas Gregg Robert Nelson Alan Press Carney Smith Mel G. Todd 1993 0525 – GOV (Senate) – When Will Policyholders Be Given The Truth About Life…
Read MoreChurning
Churning Replacements Twisting Churning will be high as comparisons of recent performance and illustrations will “prove” the necessity for a switching. — Dale R. Gustafson, Northwestern Mutual …asks why the really hard questions about the product aren’t reflected in the articles we printed. His nominees for the hard questions are: 1981 11 – SOA – The Actuary,…
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