Description: Discussion of growth in popularity of UL products designed to focus on the guarantee of death benefit protection rather than cash value accumulation and some of the pricing and reserving issues with respect to those products

Description: Key excerpts from research recently performed by Milliman consultants for the SOA on the impact of VM-20 on life insurance product development.

Description: This article by the editor discusses responses from readers to The Actuary’s September 1981 Supplement on Universal Life, much of it critical in nature. One responder noted that Universal Life is ‘a symptom of an economy in convulsion,’ and had serious doubts that this product will successfully provided consumers with long term life insurance protection.

Description: Hubert Mueller describes why unit-linked products are increasingly popular in Europe and provides his outlook for continued growth.