Annual Report

Annual Report

 In the alternative it was suggested that the provision be reworded to say: “The annual report shall provide notice that the policyholder may request an illustration of current and future values and benefits.” The insurer would look to the illustrations regulation or the disclosure regulation to determine which scale it would use.
2000 Proc. 3rd Quarter 116.

This can also allow for a low first-year target premium. On the other side, however, it may cause some difficulties in terms of the annual reporting to the policyholder if, indeed, the policyholder really pays attention to the statement sent to him.  —  Christian J. DesRochers

1983 – Universal Life, Society of Actuaries – 24p