NOW THEN

Agent Involvement in Groups

Wicka – How do Agents use these?  It would be good to hear from agents.

12/2018

1970s ——– Agents Task force………….

Without agents on the committee I don’t know.

Definition of Illustration

 Variable Life Exemption

Non-guaranteed Elements

2017-3V1 

Life Insurance Buyer’s Guide (A) Working Group

American Academy of Actuaries  –  “Because NGEs <Non-Guaranteed Elements> are likely to change, the ongoing performance of products with NGEs should be reviewed periodically after purchase to assess the impact of any NGE changes and consider actions that policyholders may wish to take (e.g., adjust premium payments or death benefits).”

———–

“Brenda Cude (University of Georgia) said the issue of NGEs is interesting, but not something the average consumer would understand.  She did not think it was information that was appropriate for a short guide for first-time purchasers.”

996-3V2 p931 

Report of the Cost Indices Subgroup of the Life Disclosure (A) Working Group

“The group first considered a suggestion from Chris Kite (FIPSCO) for a new type of index that would allow consumers to compare the assumptions in the illustration.”

————

“Brenda  Cude (Cooperative Extension  Service)  opined  that  the  target  audience  does  not care about  assumptions.”