Universal Life - First Policy - EF Hutton
- Alan RICHARDS.
- My name is Alan Richards, president and chief executive officer of E. F. Hutton Life Insurance Co., headquartered in La Jolla, California.
- It is a wholly owned subsidiary of the securities brokerage firm of E. F. Hutton of New York.
- I, too, have submitted written testimony which I would appreciate being entered into the record.
- Hutton Life is the originator of the universal life product which we first introduced in 1978.
- It now accounts for somewhere between 15 and 20 percent of the total life insurance market in this country.
- I am here to describe universal life and to explain why its development was inevitable, and why it is so consumer oriented. (p448)
- My name is Alan Richards, president and chief executive officer of E. F. Hutton Life Insurance Co., headquartered in La Jolla, California.
-- Statement of Alan Richards, Chairman, Chief Executive Officer, And President, E. F. Hutton Life Insurance Co., La Jolla, Calif.
1983 0510, 0511 and 0728 - GOV (House) - Tax Treatment of Life Insurance - [PDF-991p-GooglePlay, VIDEO-?]
- 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 - [PDF-991p-GooglePlay]