From 1992 to 1994, during a time when federal regulation was taboo, the United States Senate Committee on the Judiciary, Subcommittee on Antitrust, Monopolies, and Business Rights, met to examine the practices of the Life Insurance Industry. Despite the shockingly disturbing revelations about life insurance business practices, no law or regulation arose in the name of consumer protection. Through the use of both secondary and primary resources the relationship between the failure of federal consumer protection in the Life Insurance Industry and the popular modern conservative political climate, mainly Reaganomics, is examined.