Viewpoint: Are legislative changes ahead for life products?

The current economic crisis has seen huge increases in government expenditures to stimulate the economy. As per usual, increased expenditures cause politicians to seek new sources of revenue to ameliorate the inevitable deficits that result.

This is causing the two of us to wonder if the long predicted change in the tax structure of life insurance products–to tax the inside build-up of cash values–may see daylight in the next few months.