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Old 02-12-2016, 10:22 AM
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Carol Marler
Non-Actuary
 
Join Date: Sep 2001
Location: Back home again in Indiana
Studying for Nothing actuarial.
Posts: 37,607
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I remember when interest rates were double digits. The big worry was disintermediation if rates continued to rise. But it did occur to me to think there might eventually be a problem should rates go down to the point where it was tough to meet contract guarantees. The basis for that worry was reading about WWII government controls that forced interest rates way down and led to some insurance companies having to strengthen reserves.

It's always appropriate to consider past nightmare scenarios when looking toward future risks. . . Sometimes bad history repeats itself (with variations).
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