FPUL - Fixed Premium Universal Life
- Current Assumption Whole Life
- 2005 - SOA - Determining Guideline Premiums for Fixed-Premium Universal Life Insurance Contracts, by John T. Adney, Brian G. King and Craig R. Springfield - 6p
- 1988-2, NAIC Proceedings - (p411)
- Date: May 16, 1988
- To: Dave Becker
- From: Doug Doll
- Subject: Fixed Premium Universal Life
- In the traditional product no one can "see" the inner workings where mortality, interest, and expense are at work to produce the dividend scale.
- As a result, the magnitude and incidence of dividends must be accepted by the buying public and the regulatory bodies.
- And they are relying on the company to follow the contribution principle.
- In fixed premium universal life the mechanic is open for inspection.
- But events that are now observable may be misinterpreted.