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Variable life insurance faces SEC decision and regulation debate
The future of variable life hinges on SEC rulings and whether it is treated as an investment or insurance product. Proponents cite flexible death benefits and non guaranteed cash value, while critics warn of confusion and misrepresentation. Industry figures from Metropolitan Life and Aetna weigh risks and readiness, with state regulators split on the path forward.
MENTIONED IN THIS ARTICLE
SEC
New York Life Insurance Company
Gilbert W. Fitzhugh
Metropolitan Life Insurance Company
Fitzhugh
Metropolitan Life
Aetna Life and Casualty Company
Arthur L. Blakeshe 3d
Aetna Variable Annuity Life Insurance Company
Blakeslee
New York
Malcol MacKay
Pennsylvania
Herbert S. Denenberg
Denenberg