2026 July BankNotes
In April of 1987, a newspaper ad ran in the Wall Street Journal with the following almost unbelievable bold headlines: “All Life Insurance Lets You Provide For Your Children—Ours Lets
You Buy Toys Of Your Own.”1 This ad was so ostentatious in its
message that it became Exhibit A in a Senate Hearing before the
Subcommittee on Taxation and Debt Management on March 25th, 1988.