Making The Best Selection
Best’s Review 1993 Cover Article – Making the Best Selection
By Brian Fechtel Best’s Review ®, Life Health Edition, February 1993 ©A.M.Best Company – used with permission
[The 1993 article began:] Because of a compelling need to improve information about life insurance, a new policy-disclosure and cost-measurement approach recently was submitted to the National Association of Insurance Commissioners and the Society of Actuaries. Although we live in the age of information, we remain mired in the Stone Age when it comes to providing data about insurers’ practices and performance so that consumers may understand and compare policies.