Policies

  • The ... company is to determine for itself which of its plans are to be treated as term insurance and which as permanent.
    • The original instructions gave as a suggested definition of term insurance "that it is any policy with a premium rate less than 90% of the no profits rate for Ordinary Life...

1949 - SOA - Report of the Committee on Mortality Under Ordinary Insurances and Annuities, Society of Actuaries - 12p

  • Charter, Coupon, Founders, Profit-sharing, Specialty, Special,
  • Assessment, Semi-Tontine, Tontine,
  • Split Life, Split Life Dollar, Joint, Second to die, First to die,
  • Open, Group Universal Life (GULP, Dinney?)
  • Endowment,
  • Single-Premium Indexed Universal Life
  • Single-Premium Whole Life Insurance
  • market value adjusted products,

2005 - NAIC - A Regulator’s Introduction to the Insurance Industry, 2nd Ed - p46

  • Flexible Life
    • Maurice LeVita
  • 1969 - SOA - Analysis of Basic Actuarial Theory for Fixed Premium Variable Benefit Life Insurance, by John C. Fraser, Walter N. Miller, and Charles M. Sternhell, Society of Actuaries - 116p
  • 1970-2, NAIC Proc. - (E6) Subcommittee, replacement problems - Variable Benefit Whole Life Policy, New York Design, Dutch Design, Fixed Premium Variable Benefit Whole Life Policy, Variable Annuities and Other Contracts 
    • Model Variable Contract Regulation as Amended at the June, 1970 NAIC Annual Meeting
  • 1974 - SOA - Variable Premium Life Insurance, Ken E. Polk, Society of Actuaries - 30p
  • 1979-1, NAIC Proceedings - Modified Premium Life Insurance
  • 1981-1, NAIC Proc. - Varying Gross Premium Plans
  • 1981-2, NAIC Proc. - Types of Policies
  • 1999 - SOA - Analysis of Basic Actuarial Theory for Fixed Premium Variable Benefit Life Insurance, by John C. Fraser, Walter N. Miller, and Charles M. Sternhell, Society of Actuaries - 70p
  • 2007 - SOA - Ultimate Life: What Individual Life Insurance Should Be and Could Be, Robert E. Reuter, Society of Actuaries - 11p
  • North American Life's enhanced protection plan

1967 - SOA - Digest of Discussion of Subjects of Special Interest - Individual Life and Heath Insurance, Society of Actuaries - 62p

  • E. What are the advantages and disadvantages of the "Bank Loan Plan" under which a policyholder purchases a limited payment life policy and borrows part of the premiums at a bank, thus obtaining an interest deduction for Federal Income Tax purposes?

1953 - SOA - General - Society of Actuaries - 11p

  • It is also important state laws accommodate combination products (e.g., life insurance/LTCI; life insurance/annuity; annuity/LTCI, etc.) and that tax laws readily accommodate such products.

2013 - NAIC - State of the Life Insurance Industry: Implications of Industry Trends - 220p

Modified Premium Life Insurance

  • In the case of modified premium life insurance which is essentially term insurance followed by permanent, minimum nonforfeiture value requirements shall be determined by applying the Standard Nonforfeiture Law separately to the term coverage period and the whole life coverage period, irrespective of any language in the policy which states that the conversion to whole life coverage is automatic or that the coverage period is continuous.

1979-1, NAIC Proceedings