Premium Benefit Pattern – Examples

The complications begin with a very simple question:
What’s the premium for Universal Life?
- It could be almost anything.
Then what’s the cash value?
- That depends on the premium.
It is the relationship between the premium and cash value that determines the product characteristics of Universal Life.

— Ben H. Mitchell, [Bonk: a consulting actuary with Tillinghast in Atlanta – Years-?]

1981 – SOA – Universal Life (RSA81V7N412), Moderator: Samuel H. Turner, Society of Actuaries – 16p

If that is the case, how does an agent program somebody?
How does he tell a person what he needs to pay to keep his premiums level or to have paid-up insurance at age 65?”

— Allan W. Sibigtroth

1979 – SOA – Future Trends and Current Developments in Individual Life Products (rsa79v5n44), Society of Actuaries – 24p

“Completely Flexible” – The completely flexible life insurance plans are sometimes called “universal life insurance plans.

1980-2, NAIC Proceedings

…it is possible to produce any traditional plan of insurance from the generalized formulas underlying universal life.

— Alan Richards, president and chief executive officer of E. F. Hutton Life Insurance Co.- (p448)

1983 0510, 0511 and 0728 – GOV (House) – Tax Treatment of Life Insurance – [PDF-991p-GooglePlay

… life insurance contracts such as universal life …afford purchasers greater flexibility in designing their contracts so as to meet their individual needs.

— 1981 0831 – Letter – ACLI to NAIC – Statement of the American Council of Life Insurance to the NASAA NAIC Joint Regulatory Insurance Products Study Committee – 10p

1982-1, NAIC Proceedings

2010 – LegalCase – Blumenthal-v-New-York-Life-GLP-GMP-Min

2010-Legal-Case-Blumenthal-v-New-York-Life-Plaintiff-Expert-Witness

1977-Changing-Times-Adjustable-Life-300-grid

1978-GOV-Moss-WI-LIBG-grid-p619

1977-Changing-Times-Graph

1987-Huebner-Black-Skipper-Life-Insurance-11ed-p94-UL-Flexible-Graph