Ratebook

Ratebook

Universal Life is a ratebook and more, all by itself.

If you say you have Universal Life, you in fact have more of a product than you probably have in your current portfolio at the present time.  MR. EASON

1983, INDIVIDUAL LIFE INSURANCE, Society of Actuaries

 

Flitcraft Compendium

Little Gem

Life Rates and Data (Replaced Little Gem – Source: 1973 GOV The Life Insurance Industry Part 2, p936)

Spectator Handy Guide

Cost Facts on Life Insurance, National Underwriter

Unique Manual

 

Traditional ratebooks simply do not work with Adjustable Life.

In the first place, it is not feasible to print rate pages for every conceivable plan.

Secondly,it is impossible to print rate tables for plans which have been adjusted, because the amount of reserve in force at the time of change effects the calculation of the new values.

Adjustable Life is truly a product of the computer age, and both the home office and the field must rely heavily on modern technology.

1983, INDIVIDUAL LIFE INSURANCE, Society of Actuaries