Who Created Universal Life Insurance?
One Question: Who would you say created Universal Life Insurance?
- George R. Dinney
- Maurice H. Lavita
- Professor Mehr
- other soa guy
WHO CONCEIVED THIS INSTRUMENT?
- Subject to responsibility being accepted (and documented) by somebody else, we hold that the father is George R. Dinney, and the place of conception Winnipeg, Canada.
1981 - Who Conceived this Instrument? - The Actuary, Society of Actuaries
- Mr. LeVita contributed many original ideas to the life insurance business through the papers he published in the Conference Proceedings including his concept of a flexible plan of insurance which is now widely marketed as universal life insurance.
1986 - Obituary - SOA
- When the brokerage industry invented universal life insurance, the insurance industry did not cry foul it embraced universal life concept and improved on it.
2008 0916 - SEC - Subject: File No. S7-14-08 - From: JAMES P BANKS - [LINK]