.... I still feel conceptually that Universal Life is:

• much easier to explain,
• it is much easier for the consumer to understand,
• and I believe it will prove to be much easier to administer if for no other reason than you do not have to reissue every time there is a premium change.

--  MR. CARPENTER

1979 - FUTURE TRENDS AND CURRENT DEVELOPMENTS IN  INDIVIDUAL LIFE PRODUCTS, Society of Actuaries - 24p - rsa79v5n44