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Life insurers rail at FTC report on whole life facts
The Federal Trade Commission study claiming whole life is a hybrid of term and savings draws fierce criticism from insurers. They counter that whole life guarantees fixed premiums via cash value and assets, and blame agents for spreading misleading simplifications.
MENTIONED IN THIS ARTICLE
New York
Federal Trade Commission
FTC
American Council of Life Insurance
Wholly Life Insurance
John Filer
Aetna Life & Casualty