from Monday's Wall Street Journal "Shift to wealthier clientele puts life insurers in a bind," by Mark Maremont and Leslie Scism:
A few sentences from the article
The life-insurance industry has enjoyed beneficial tax treatment for its products for nearly a century. Whenever Congress tried to change that, insurers always had a mantra at the ready: We protect widows and orphans
Instead, statistics show, an increasing portion of insurers' business consists of selling large policies to wealthier Americans, often as part of complex estate-tax plans.
Might be time to review that beneficial tax treatment.