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OverviewThe life insurance industry is one of the last examples of unrestricted capitalism in this country. Despite some regulation by various government agencies, life insurance remains a largely uncontrolled financial giant. It is the life insurance plan, how it works, that shields this industry. The Mortality Mortgage, the source of the Barnes Standard is an explanation of life insurance pricing, and a call for full financial disclosure through regulation of the industry. It is intended for financial consultants, tax attorneys, CPA's, life insurance agents, and other groups who advise consumers on financial matters. Insurance buyers supply this industry with millions of dollars in premiums each year. Consumers deserve a truth in lending law and an appraisal process for this financial service. Life insurance is not a product, it is financing. Four factors denote financial quality: price or principal, rate, term and closing costs. Consumers understand these financial elements for homes and bonds, but they do not equate the fundamentals of financial quality with life insurance. The life insurance industry, through marketing and advertising, has taught the public to focus on premiums, death benefits, and cash values; financial elements are ignored. The Mortality Mortgage compares and contrasts three financial models: the home mortgage, the bond or debt security, and life insurance. Additionally, it provides the formulas necessary for appraisal of a life insurance plan. With an appraisal, a comparison of insurance policies is possible. Once pricing is understood, consumers will demand full financial disclosure through regulation of the life insurance industry. Full Product DetailsAuthor: A. R. Barnes, Jr.Publisher: Bloomsbury Publishing Plc Imprint: Praeger Publishers Inc Dimensions: Width: 15.50cm , Height: 1.20cm , Length: 23.50cm Weight: 0.236kg ISBN: 9781567200034ISBN 10: 1567200036 Pages: 216 Publication Date: 14 November 1995 Recommended Age: From 7 to 17 years Audience: College/higher education , Professional and scholarly , General/trade , Undergraduate , Postgraduate, Research & Scholarly Format: Hardback Publisher's Status: Out of Print Availability: Out of stock  Table of ContentsIllustrations Introduction A New Vision of Life Insurance A New Vision of Life Insurance Comparative Financing Reflected Financing The Life Insurance Pricing Questions Time and the Inflation Factor The Importance of Term Over-lending Anti-equity The Selling Machine In Search of Quality The Sacred Secrets of Life Insurance Pricing The Need for Life Insurance The Term Insurance Paradox A Call For Full Financial Disclosure Competition and Diversion The Sales Illustration The Principles of Premium Reduction The Chameleon FAT Versus LEAN The Specter of Risk The Rewards of Inferior Financing Conundrum Out in the Field Truth in Borrowing Suggested Readings IndexReviewsI hope that life insurance agents will read this book, so they can understand what, exactly, they're selling. Mr. Barnes has offered us all a way to understand the most inscrutible financial vehicle this side of derivatives. We, as a profession and as a society, should make the most of it--and, now that the genie is emerging from the bottle, begin to learn to live with the consequences. -Robert N. Veres, editor and publisher Inside Information Editor-at-Large, Investment Advisor Author InformationA. R. BARNES, JR., has been a successful, independent life insurance agent in the Southeast for the past 12 years specializing in business and estate tax planning. He routinely conducts continuing educational seminars for certified public accountants, tax attorneys, and other financial advisors. He is a leading advocate for reform of the life insurance industry. Tab Content 6Author Website:Countries AvailableAll regions |
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