Franklin Roosevelt actually said...

The War Risk Insurance Act ... manifesting the intent that term insurance was to be temporary in character and of limited duration.

At no time has the loss ratio on term policies been down to the level of the American Experience Table of Mortality.

It is not believed that any further delay in the adoption of an insurance program is warranted.

Furthermore, enactment of this proposed legislation would constitute a breach of faith on the part of the Federal Government toward the larg...