Messr Carson and Forster infer fro...

Messr Carson and Forster infer from their research into universal life and whole life that throughout five- and 10-year periods since issue in 1988 universal life has higher yields than whole life ("Anticipating the Benefits," January 2002) If that were all, this literal sense would be unnecessary. Unfortunately, they leave the clear implication that universal life is better: "About $80 billion is allocated to ordinary life insurance purchases each year, suggesting the paramount importance of understanding existing differences in policy yields between whole life and universal life," they