life insurance

If you look back in the history of insurance, you find that it has traditionally been erected to protect widows and orphans of the middle class and the poor who could not afford the premiums. Because there was a clear social safety net purposes, the government needs insurance to protect from federal tax. So from 1913, given the premiums deductible and any increase in the value of the policy was left intact. In small estates, the amount payable to the estate tax beyond death. But what was really useful in 1913, is less relevant today, where the state has made Medicaid, Medicare and Social Security, not to mention food stamps and subsidized housing for people in need. People can avoid the worst effects of poverty without having to resort to insurance. More importantly, the decline in fertility. One hundred years ago, there were more children per couple, the waves of new immigrant families take root.