How it could be done
Article Abstract:
A life insurance product rating system is a necessary step to protect the industry from the potentially large losses engendered by the use of illustrations in their marketing programs. Such illustrations give rise to market conduct problems that include nonvanishing premiums and churning. A rating system would help prevent such problems, but only if it incorporates the proper information. For example, such a system should include historical data and information about how the insurer treats its policyholders. An analysis of the current product line should also be included in the system.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1995
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Variable survivorship life policies target the affluent
Article Abstract:
The population of new rich has increased from 1986 to 1996, due in part to management compensation in the form of stock options. The new rich are a prime market for variable survivorship policies. Such life policies pay the estate taxes of the insured while hedging policy values against inflation through mutual fund investments. The average annual premium for nine variable survivorship policies is $18,722 with an average initial face value of $1.4 million.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1996
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1994 ordinary life insurance sales results
Article Abstract:
A variety of factors, including an investment oriented clientele and market-conduct investigations that led to poor public opinion, contributed to mixed life insurance sales results in 1994. Tables rank the top 50 insurance companies in sales of ordinary life, traditional whole life, universal life, interest-sensitive whole life, and individual term.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1995
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- Abstracts: Lull in annuities sales may soon end. Five-year universal life policy history. Five-year history of flexible-premium annuities
- Abstracts: Promise or peril? Leaving surplus lines out in the cold. The redlining fire continues to burn
- Abstracts: Using outside counsel cost-effectively. Smaller insurers take on the big guys. Insurers and lawyers unified on mediation
- Abstracts: Consolidation continues in Canada: Canadian insurers are targeting efficiency as the key to competition. Competitive challenges loom on the horizon
- Abstracts: What insurers should do about uninsured hazards. Loss managers can learn from their own mistakes. Reducing the risk with a second opinion: making sure there is a qualified chain of medical review will help control insurers' ultimate risk