Wall St. Journal: “life-insurance companies gradually have shifted away from their broad historical base of middle-class households. 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. The shift means that a growing proportion of the tax benefits of life insurance goes to the well-off, not to the middle class that once was the industry’s backbone.”
Shift to Wealthier Clientele Puts Life Insurers in a Bind
By On the Net|2011-05-17T16:43:38+00:00October 6th, 2010|
About the Author: On the Net
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