Who says tax lawyers have no sense of humor?

Term insurance is a pure gamble. The insurance company receives a premium each year; the older you are the higher the premium. As in a horse race, there are winners and losers at the end of the year. The “winners” collect; the losers get no money. – William D. Popkin, Fundamentals of Federal Income Tax Law (Fourth Edition), LexisNexis 2002.

Those guys!