UNIVERSAL LIFE INSURANCE – DEVELOPMENT Life Insurance ... - 70 is the product of hans savings and

Universal Life product. E.F. Hutton, today First Capital Life, was the first company to introduce this new kind of product successfully in 1979, followed by some smaller companies in 1980. In 1981 major companies followed and by 1983 almost all major insurance companies offered at least one version of Universal Life insurance (Doll, 1990). ................
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