Shift to Wealthier Clientele Puts Life Insurers in a Bind

For decades, the life insurance industry has justified its policies' tax benefits by professing that it caters to the well-fare of widows and orphans. Once relying heavily on the support of the folks on Main Street rather than Wall Street, it now turns to more affluent clientele to ensure greater returns on investments. In addition, the federal government is desperately scouring for alternate sources of revenue to alleviate their growing monetary deficiencies. With middle-class Americans caught in the cross-fire of the two entities, voices of the mass-public are disregarded. Congress, while an elite medium, is still considered majoritarian, and with its main subjects being overlooked in this paradigm shift to wealthier patrons, average Americans are losing political clout within their own government.