However , the tax court found that the loan structure of the policy was effectively a term life policy and subject to a 4 % tax .
Jack E. Golsen of Oklahoma City purchased what was purportedly a whole life insurance policy from Western Security Life Insurance Co .
The tax court found that the loan structure of the policy was effectively a term life policy and subject to a 4 % tax .
Jack E. Golsen of Oklahoma City purchased what was purportedly a whole life insurance policy from Western Security Life Insurance Co .