Matthew DeSantos - LSW’s Senior Vice-President of Distribution and Business Development (himself a former insurance agent) - DOC 792 p27>

(p113-114)

• Q Is this cash accumulation feature that can be then used to take tax-free loans, is that unique to IULs, or do other types of policies afford that option?
• A No. Most permanent policies afford that option.
• Q Including the tax-free aspect?
• A Yes.

2014 0423 – DOC 812 – Trial Transcript – Day 10 – Walker v LSW – 194p