• Most insurance experts acknowledge that the actuaries who put together policy illustrations are taking some liberties.
  • "One thing I've learned over the past couple of years is that one actuary's truth is another's pack of lies," said Judy A. Faucett, a principal at Coopers & Lybrand and head of the task force on policy illustrations for the American Academy of Actuaries.

1994 0306 - NYT - Your Own Account; Putting Life Insurance Into Focus, By Mary Rowland - [link-paywall-free]