Indeterminate Premium

  • The product revolution, in my mind, began in the 1970s with the introduction of indeterminate premium products.
  • The introduction of universal life in the early 1980s really did create a revolution.
  • We’ve seen more product change and more increasing frequency of product change in the 1980s than ever before.

—  William R. Britton, Jr. 

1988 – SOA – Group Universal Life Product, Society of Actuaries – 22p

  • 1980 – SOA – Dividend Philosophy, Committee on Dividend Philosophy, rsa80v6n418 – Society of Actuaries – 18p
  • The (C4) Technical Subcommittee has already agreed that it should develop a recommended NAIC Model Regulation on Indeterminate Premium Life Plans, but no progress has as yet been made on drafting such a model regulation.

1981-1, NAIC Proceedings