• That figure said the American Council of Life Insurance was a distortion produced by invalid assumptions and sloppy calculations.
  • The correct figure the council said, was 5.9 percent.
• Bad as that was the council was outraged by the assumption that whole life is a hybrjd of term and savings.
  • "It is wholly life Insurance," said an irate John Filer, chairman of Aetna Life & Casualty.
• He explained that the cash value accumulates in order that the Insurer can guarantee a benefit at death.
  • It is an asset that together with a company's investments, permits it to guarantee that death  payment.

[Bonk: OneNote: 1979 1025 Life Insurance: Where Does Truth Really Lie? - Moss report / FTC - ]

Alabama Journal from Montgomery, Alabama on October 31, 1979 · 31

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He explained that the cash value accumulates in order that the insurer can guarantee a benefit at death. It is an asset that, together with a company's ...

Benton Courier Newspaper Archives, Oct 25, 1979, p. 6

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Oct 25, 1979 — He explained that the Cash value accumulates in order that the insurer can guarantee a Benefit at death. It is an asset that together with a ...

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Oct 25, 1979 — ... Aetna life amp casualty he explained that the Cash value accumulates in order that the insurer can guarantee a Benefit at death it is an ...