• When universal life was first popularized about 20 years ago, there was considerable controversy with regard to nonforfeiture compliance.
  • Was it term plus a side fund?
  • Whole life with flexible premiums?
  • Or something entirely different?

2001 - SOA - Universal Life, No-Lapse, and the Law vs. Free Markets, Society of Actuaries, by David J. Hippen, Actuary at the Florida Insurance Department - 5p