• 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