December 17, 2009

Retracting a previous article on New York Life insurance

I had previously posted an article saying that New York Life Whole Life Policy Ad Overstating Returns. After a comment from a representative of New York Life they correct a mistaken assumption that I had made. I originally thought they had overstated their returns by not counting the annual premiums in their calculations, but they had in fact added in the premium costs so I was incorrect. SO I've edited that article to state that I am retracting it and I put the word "NOT" into the title.

In this case I was wrong so I've corrected it.

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