Disappearance of low-cost term plans stalled
Article Abstract:
Implementation of the "Valuation of Life Insurance Policies Model Regulation," developed by the National Association of Insurance Commissioners, has been slowed because some state insurance commissioners are unwilling to accept the rules. The model regulation would require larger reserves for guaranteed premium policies and would require higher premiums for longer policies. Term rates for guaranteed premium policies have been decreasing, but the insurer may be able to raise premiums up to the maximum specified in the policy.
Publication Name: Estate Planning
Subject: Law
ISSN: 0094-1794
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Most low-cost term plans will soon disappear
Article Abstract:
The National Ass'n of Insurance Commissioners has developed model regulations governing life insurance that will likely reduce the availability of term policies with level-guarantee periods. New mortality tables have been developed, and the standards for qualifying for preferred rates have been made more stringent. People wishing to purchase term life insurance for guaranteed periods should do so before the end of 1995.
Publication Name: Estate Planning
Subject: Law
ISSN: 0094-1794
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
Impact of Triple X on term insurance in the millennium
Article Abstract:
The author discusses the National Assn. of Insurance Commissioners "Triple X" Valuation of Life Insurance Policies Model Regulation and related issues concerning reserves and pricing of term life insurance.
Publication Name: Estate Planning
Subject: Law
ISSN: 0094-1794
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: The specter of waivers; mishandling 'usual stipulations' in deposition can kill you. Make every exhibit count
- Abstracts: Selected estate planning strategies for persons with less than $3 million. Adequate disclosure: its impact on gift tax return strategies
- Abstracts: Mediation for the masses; pioneer of low-cost services rolls out ADR on the cheap in Southern California. Don't knock desk jobs; switching to administrative or managerial positions works for these lawyers
- Abstracts: Discovery; designating testifying experts. Discovery; what's wrong with coaching? Discovery; prepare yourself
- Abstracts: "Control" in franchising and the common law. Enforcing contract terms designed to manage franchisor risk. Compliance drafting issues