NAIC to Study Hybrid Disclosure
- Thread starter Arthur Rudnick
- Start date
Has the NAIC contacted Tyler to write the disclosure? Could save a lot of time.
One sentence disclosure.
"Please acknowledge due to the sustained low interest rate environment the purchase of this product will cause asset hibernation."
Sign and date.
One sentence disclosure.
"Please acknowledge due to the sustained low interest rate environment the purchase of this product will cause asset hibernation."
Sign and date.
- 10,351
The first thing they did was contact me. Here are the new disclosure regulations:
The first page is nothing but just this pic:
Then the agent must give them this keepsake mug:
Then they are required to watch this video clip:
http://youtu.be/mbwqeSV8Wc4?t=1m23s
And now that Jack has given me a new tagline for them, rest assured that the phrase "Asset Hibernation" will appear multiple times in bold.
___________________________________________________________
On a serious note, it sounds like the normal "add a bunch of new words to the contract that the consumer will never read" type of regulation.
The keepsake mug should read "I love leveraging money." That is truly what hybrid policies do.
- 10,351
Hopefully you realize I was joking... which is how I took your post...
And leveraging money is what insurance (all kinds) is supposed to do.
I know you are joking, as was I. The sleeping Benjamin is funny.
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