Impact of rating service on term insurance
Article Abstract:
A Forbes article stated that insurance company ratings were unimportant to term life insurance holders and that conversion policies should not be seriously considered. These opinions fail to consider the seriousness for term holders who become uninsurable. With a conversion policy, they will be able to avoid constantly increasing policy premiums and will avoid state guarantee association limits on payments made to policyholders if the company fails. Few state associations pay more than $300,000 on term policies and then the policyholder may not be able to be insured elsewhere.
Publication Name: Estate Planning
Subject: Law
ISSN: 0094-1794
Year: 1993
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AIDS statistics and life insurance claims
Article Abstract:
Deaths from AIDS are increasing at a rate significantly greater than any other cause of death and so the insurance industry must take steps to prevent an unmanageable amount of AIDS-related claims. However, blood test requirements and careful attention to AIDS-related symptoms can successfully limit the number of AIDS-related claims as shown by the difference in individual and group life claims. AIDS-related claims made up only 2.3% of total individual claims while they were 3.9% of group claims because blood tests are not permitted for group but are for individual insurance.
Publication Name: Estate Planning
Subject: Law
ISSN: 0094-1794
Year: 1993
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Vanishing life insurance premium continues to be misunderstood by many planners and insurers
Article Abstract:
Many attorneys, estate planners and insurance policy-holders are not clear on the concept of vanishing life insurance premiums. Vanishing premiums, occurring when a policy has been fully funded by the purchaser, are included on many sales illustrations. These illustrations make many assumptions about interest rates and other non-predictable factors, and vanishing dates for premiums are necessarily estimates, not promises. The industry could make this more clear, but the purchaser is responsible for reading all relevant documents.
Publication Name: Estate Planning
Subject: Law
ISSN: 0094-1794
Year: 1995
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- Abstracts: Duty of consistency creates taxable estate. Second-to-die life insurance policy not included in gross estate. Stolen art objects includible in gross estate
- Abstracts: Toss of a coin snares N.Y. firm; investor suit defendant. Penny-stock king lands in jail; ran Blinder, Robinson
- Abstracts: Impact of the Xerox case on the computation of the deemed-paid foreign tax credit from UK corporations
- Abstracts: Probing the backlog: the NLJ finds that most intractable cases involve business disputes. The justices close ranks on 'knock and announce.'
- Abstracts: Promoting better supervision; N.Y. bar committee recommends ethics rule changes to permit law-firm sanctions. Touting affiliates creates ethical problems; ABA opinion advises lawyers to disclose to clients nature of firm affiliations