Due to an editor's error, September's article “PPLI Primer,” by Charles L. Ratner, contained a misstatement on p. 37. The paragraph in question should have read:

“Cash Value — Despite the absence of surrender charges and the potentially lower agent compensation, the PPVUL will not necessarily illustrate more cash value or death benefit for the premium dollar than VUL. I compared several illustrations provided by insurance professionals, all using a standard set of assumptions about the insured, the premium stream, the product design and the net return on the cash value. The bottom line was that the differences in the internal rates of return on cash value and death benefit, respectively, between the VUL and the PPVUL were, in the words of one insurance professional, “statistically insignificant.” These results, which may be attributable to additional costs in the PPVUL, squared with my experience over the years. They continue to suggest that an investor who is satisfied with an array of more conventional stock and bond funds has little reason to turn to PPVUL over VUL.”

Also due to an editor's error in the same issue, “Double Deaths,” by Natalie B. Choate, dropped a word on p. 80 that significantly altered a sentence's meaning. The correct sentence is: “By disclaiming in their capacity as Harriet's executors, they are disclaiming her interest, not theirs.”

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