Universal Life is not Permanent
- Jesse M. Schwartz: Why are people so reluctant to call Total Life permanent insurance?
- Myron H. Margolin: Universal Life type products are, I suppose, permanent.
- It is a semantic question whether they are permanent life or not, but clearly they are not the traditional cash value products as we have known them...
1981 - SOA - The Future of Permanent Life Insurance (rsa81v7n36), Society of Actuaries - 22p
- MR. SILKES: Has any decision been made regarding the 818(c) deduction and the product that is known as Irreplaceable Life?
- MR. BRITTON: It would seem that Irreplaceable Life wouId have more of a chance of getting a permanent 818(c)2 deduction than Universal Life would, because it is a permanent product (at least some of the later versions).
1983 - SOA - Individual Life Insurance, Society of Actuaries - 22p