• 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