Bobby Samuelson
#427 | Domestic Bias in Indexed UL
Performance in any index-linked insurance contract is driven by two things – index performance and index participation. The vast majority of crediting strategies in Indexed UL are linked to the S&P 500 and for good reason. It’s a simple, straightforward,…
#426 | Indexed UL on the Efficient Frontier
Back in early 2019, I wrote a 3-part series entitled Indexed UL on the Risk Spectrum (Part 1, Part 2, Part 3) that argued that by every metric, Indexed UL is a relatively low risk, low return proposition more akin…
#425 | Waking the Japanese Giants
Earlier this month, Legal and General announced that it was selling its US entity, Banner Life, to Japanese mutual company Meiji Yasuda. The sale marks the next chapter of the continuing retreat of European insurers from the United States life…
#424 | The 4% Rule and Life Insurance
A Refresher on the 4% Rule Fewer things in finance have been more unjustifiably maligned than the “4% Rule.” As interest rates fell in the mid-2010s, much was written about how the 4% Rule was too aggressive for the current…
#423 | Premium Financing at the Precipice
In an article from two years ago, I wrote that “from my vantage point, the worst is almost certainly yet to come for premium financing. The longer the current conditions persist, the more problematic these transactions are going to become.…
#422 | Equitable Exits Third Party Distribution
At the tail end of last year, Equitable announced that it has decided to “focus our life insurance third-party distribution efforts exclusively on our COIL Institutional Series” and “will no longer accept new life insurance applications for all other products…
#421 | Risk and Reward in Protection Sales
Just 20 years ago, the hottest ticket in life insurance was middle-market estate planning. The estate tax exemption was just $2 million – low enough to ensnare more than two million households with a net worth in excess of $4…
#420 | A Question of Value
12/16/24 Update – The South Carolina Department of Insurance has also mandated that A-CAP’s South Carolina entities, Atlantic Coast Life and Southern Atlantic Re, stop writing new business as of 12/31. This decision was inevitable and probably unavoidable because Atlantic…
#419 | The PHL Variable Plot Thickens
After 6 months of near-silence on the state of PHL Variable, the Connecticut Insurance Department (CID) released updated financial statements last week – and they’re absolutely jaw-dropping. As of Q3 2024, PHL Variable’s surplus position has deteriorated to negative $2.1…
#418 | The Future of Engineered Indices
Chat GPT Summary Engineered indices, now numbering over 200 in indexed annuities and life insurance products, have evolved through three key phases: the “Brand Name Era” (2009-2015), the “Illustration War Era” (2016-2021), and the “Great Pivot” (2022-2024). Initially, these indices…
