Volatility - Walker v LSW
- Case 2:10-cv-09198-JVS-JDE Document 808 Filed 07/06/15 Page 108 of 229
- (p14) - MR. BROSNAHAN: - Q : Are there other cash value policies out there in the marketplace such as traditional universal life and whole life?
- Dr. Patrick Brockett: - A: Yes, there are.
- MR. BROSNAHAN: - Q Do they have volatility?
- Dr. Patrick Brockett: - A No, they do not.
2014 0415 – DOC 808 – Trial Transcript – Walker v LSW – 229p
- DOC 815 TRANSCRIPT for proceedings held on 2/14/2011 - 41p
- (p11) - Brosnahan: I would like to move on to the non-guaranteed elements unless the Court has any questions.
- THE COURT: No.
- MR. BROSNAHAN: There are two aspects in which we contend that the illustrations were deceptive with regard to the non-guaranteed elements.
- Both of these theories relate to what we consider to be hidden defects in the structure of these policies.
- Now, first, with regard to the volatility issue, we allege that these policies suffer from a material risk that is not disclosed because large fees are deducted from the policy in both good times and bad, whether the S&P 500