Congress

• In fact, it is accurate to describe Universal Life as a generalized version of the actuarial formulas underlying traditional life insurance products.
  • In other words, it is possible to produce any traditional plan of insurance from the generalized formulas underlying universal life. p448.

--   Alan Richards, President and Chief Executive Officer of E. F. Hutton Life Insurance Co.

1983 0510, 0511 and 0728 - GOV (House) - Tax Treatment of Life Insurance, Pete Stark (D-CA) - [PDF-991p-GooglePlay

NAIC

<Universal Life> afford(s)purchasers greater flexibility in designing their contracts so as to meet their individual needs. 

-- STATEMENT OF THE <ACLI> AMERICAN COUNCIL OF LIFE INSURANCE, BEFORE THE NASAA/NAIC JOINT REGULATORY INSURANCE PRODUCTS STUDY COMMITTEE,  August 31,1981

1982-1, NAIC Proceedings