For decades, whole life, with its tax-free investment component, was the cornerstone of many families' security.
WSJ: Shift to Wealthier Clientele Puts Life Insurers in a Bind
2.
In 2005, a bipartisan panel appointed by President George W. Bush recommended changes that would have severely crimped tax-free investment gains in life insurance, as part of a broader tax overhaul.
WSJ: Shift to Wealthier Clientele Puts Life Insurers in a Bind
3.
Savor that for a moment--tax-free investment income for everyone.