Wednesday, March 08, 2006
Cash Value Debate Highlights Industry Changes
Any nonforfeiture model developed by regulators should recognize the economic value and the cash value in a life insurance contract, says William Koenig, a life actuary with Northwestern Mutual Life Ins. Co., Milwaukee.
Speaking at the spring meeting of the National Association of Insurance Commissioners, Koenig called the failure to recognize a contract’s economic value and offer cash in a contract “a step in the wrong direction.” So if a decision is made by regulators of the Life & Health Actuarial Task Force to continue to pursue a nonforfeiture model, then it should be developed keeping this goal in mind, he said.
Read Full Story: Cash Value Debate Highlights Industry Changes
Source: National Underwriter (subscription required)
Speaking at the spring meeting of the National Association of Insurance Commissioners, Koenig called the failure to recognize a contract’s economic value and offer cash in a contract “a step in the wrong direction.” So if a decision is made by regulators of the Life & Health Actuarial Task Force to continue to pursue a nonforfeiture model, then it should be developed keeping this goal in mind, he said.
Read Full Story: Cash Value Debate Highlights Industry Changes
Source: National Underwriter (subscription required)
Permalink posted by armandn @ 9:53 AM 
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