Life insurance helps 75 million U.S. families provide for themselves and their loved ones and avoid depending on government support in the event of a loss, writes B. Hyatt Erstad of Erstad & Co. Taxing the proceeds of life insurance products, which account for 20% of U.S. long-term savings, would create more problems than it solves, writes Erstad, who will join other NAIFA members in taking that message to Congress this week.

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