Who Created Universal Life Insurance?

One Question:  Who would you say created Universal Life Insurance?

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]