• The cash flows of a policy are defined by the Society for this purpose as "the actual transfer of funds between the policyholder and the insurance company in either direction, and includes premiums, dividends, cash values and death benefits."  Actuaries Report, supra n. 33, at 6.

• So what I am saying is that the Belth calculations cannot get out of a policy anything that isn't there already.

  • The premiums and the dividends and the amounts of insurance and the cash value⁸ are all there is to a policy.

  • You can fool around with them any way you like but mostly you can get at all the facts just by looking at basic things.

--  Julius Vogel (Prudential)

1978 0807/0814/0815- GOV (House) - Life Insurance Marketing and Cost Disclosure - Congressman Moss - [PDF-826p-govinfo.gov-page]