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Making insurance illustrations easier to understand. (includes related article on insurance and financial planning)

Practical and ethical guidance to agents selling life insurance policies has been provided respectively by the National Association of Insurance Commissioners and the American Council of Life Insurance. Much of this guidance is voluntarily followed by many companies and should result in more informe...

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Bibliographic Details
Published in:Journal of Accountancy 1997-10, Vol.184 (4), p.45
Main Authors: Allegretti, Carl S, Katz, Jordon R, Kosierowski, F. Mark
Format: Magazinearticle
Language:English
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Summary:Practical and ethical guidance to agents selling life insurance policies has been provided respectively by the National Association of Insurance Commissioners and the American Council of Life Insurance. Much of this guidance is voluntarily followed by many companies and should result in more informed decision-making by clients and their CPA advisors. Included is a mandate for what must be in an insurance illustration so as to accentuate policy features and benefits rather than performance.
ISSN:0021-8448
1945-0729