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2010-Blumenthal-Depo-I-couldnt-understand-it-why-bother-looking-at-it
2010-Blumenthal-Depo-I-would-have-understood if I had looked at the Illustration

Senator METZENBAUM. You thought the replacement policy was
guaranteed to cost you a level amount each year, but later realized
the premium could change.

Now were you not told exactly what was guaranteed and what
was subject to change about the replacement policy?

Ms. NEWBERRY. No, sir. We were told that our premiums would remain the same.

At the time the policy came, I, like most consumers, I feel, put the policy away in the safe.

I did not even look at it, because it had been explained upfront at the time I purchased it, I thought, what would happen.

It was only at a later date that I pulled it out of the safe and started studying it and realized that none of what I had been told was true.

1993 -  GOV - When Will Policyholders Be Given The Truth About Life Insurance?