Randall Mire

  • Tillinghast – Jacksonville Office
    • newspapers.com – The Atlanta Constitution – 12 Jan 1975, Sun – ·Page 76
  • Life of Virrginia-?
  • Note that the data is not from Ralph Nader, but from LIMRA and the NALU.”

—  Randall P. Mire

1983 – SOA – The Future of Whole Life Insurance–A Debate, Society of Actuaries – 24p

  • One very ominous trend is a movement toward select and ultimate mortality charges on Universal Life, and this is one that hopefully will stop.
    • We hope that the companies will not follow the same suicidal tendencies with Universal Life that they’ve followed with annual renewable term down the select and ultimate path.
    • Universal Life has been promoted by a number of people as an alternative to the self-destructive practices that the industry has followed on annual renewable term, so hopefully we will not make the same mistake again.

—   Randall P. Mire

1983 – SOA – Universal Life (rsa83v9n32), Society of Actuaries – 22p

  • How companies priced is what I’m talking about with respect to the 1959 Act and 818(c).
    • Almost all companies that we worked with, in effect, took 818(c) deductions in their tax return and have gone to great lengths to ensure the 818(c) deduction through varied devices.
  • It is a major issue indeed as to whether or not they will succeed. In actual pricing of their product, very few companies relied on getting that 818(c) deduction; it was more of a windfall they hoped for when pricing.

—  Randall P. Mire

1985 – SOA – United States Life Insurance Tax Law, rsa85v11n318 – Society of Actuaries – 58p