FTC Advice Angers Life Insurance Industry Over Whole Life Policies
The FTC drafts a buyer’s guide warning against buying whole life unless kept for at least ten years. It notes high lapse rates eroding savings, estimates $200 million lost yearly, and says cash value grows slowly, urging informed choices while industry spokesmen prepare rebuttals ahead of a resumed House hearing.
MENTIONED IN THIS ARTICLE
Washington
Federal Trade Commission
FTC
House
Albert H. Kramer
Bureau of Consumer Protection
House Commerce Subcommittee
Kramer
Insurance
Carter-Praises Meany Concedes Panel to Coordinate Labor Talks
President Carter moves to mollify AFL-CIO by clearing future labor wage talks through a new panel led by Labor Secretary Ray Marshall. Meany accepts some reforms while noting labor law reform setbacks as Cowhig faces bribery charges in Alexandria.
MENTIONED IN THIS ARTICLE
Chicago
Carter
Afl-Cio
Organized Labor
George Meany
Labor
Ray Marshall
Marshall
Afl-Cio Executive Council
Meany
Barry Bosworth
White House
Mr. Bosworth
Bosworth
Council On
Congress
Senate
Executive Council
Robert Strauss
Charles Schultze
Council of Economic Advisers
Landon Butler
Chica
Debate Over Better Legal Care for Poor Continues
New York AP report on the Carter administration and the legal profession clashing over who funds improved legal aid for the poor. Lipshutz urges lawyers to cover costs via higher dues. ABA and others call the idea impractical and insufficient.
MENTIONED IN THIS ARTICLE
New York
Carter
American Bar Association
Robert Lipshutz
White House
Lipshutz
L&n
Los Angeles
Washington
ABA
S. Shepherd Tate
Memphis
Congress
National Center For Defense Services
Tate
Supreme Court
Spann
Legal Services Corporation
Also Mentioned on This Page
Idled Tower
Pleasants
Willow Island
W.va
American Council of Life Insurance
Cowhig
Alexandria
Alexandria Commonwealth
William Cowhig
Franklin Backus
Commonwealth
John Clock
Edward White
Backus
White
Virginia Supreme Court
Kennedy
U.S
Edward M. Kennedy
D-Mass
Pioneer Venus
Associated Press
Venus
Earth
Triangle
Jane Colby Jane Colby
Jane Colby
Loudoun St
Winchester
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