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  • The Actuary
    conservative assumptions regarding investment returns, mortality and administrative expenses. To the extent the ... significant advantage over participating life insurance. S ince the introduction of universal life (UL) in the ...

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    • Authors: Peter L Hutchings, Harry H Panjer, W Steven Prince, Andrew Smith, Michael K Daly, Meredith Lego
    • Date: Feb 2003
    • Publication Name: The Actuary Magazine