FPUL - Fixed Premium Universal Life

  • Current Assumption Whole Life
  • 2005 - SOA - Determining Guideline Premiums for Fixed-Premium Universal Life Insurance Contracts, by John T. Adney, Brian G. King and Craig R. Springfield - 6p
  • 1988-2, NAIC Proceedings - (p411) 
    • Date: May 16, 1988
    • To: Dave Becker
    • From: Doug Doll
    • Subject: Fixed Premium Universal Life
    • In the traditional product no one can "see" the inner workings where mortality, interest, and expense are at work to produce the dividend scale.
      • As a result, the magnitude and incidence of dividends must be accepted by the buying public and the regulatory bodies.
      • And they are relying on the company to follow the contribution principle.
    • In fixed premium universal life the mechanic is open for inspection.
      • But events that are now observable may be misinterpreted.