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10/12/2008 News For: Whole Of Life PolicyOhio shooting puts face on foreclosure crisis By the time deputies came to escort Addie Polk out of her home of 38 years, the 90-year-old had taken out her life insurance policy and placed it next to her pocketbook and keys in the neatly kept house. Ohio shooting puts face on foreclosure crisis By the time deputies came to escort Addie Polk out of her home of 38 years, the 90-year-old had taken out her life insurance policy and placed it next to her pocketbook and keys in the neatly kept house. She shot herself in the chest Oct. 1 before she could be taken away from the foreclosed house, which was worth less than its mortgage from the day she took out the loan. A congressman called her ... Company offering free life insurance Springfield-based Massachusetts Mutual Life Insurance Co. plans to issue $50,000 term life insurance policies to benefit children of eligible working families in Connecticut at no cost to the families, company officials said Thursday. Include Life Insurance in Your 'Must Have' Budget - As you re-examine your monthly expenses to cover the escalating costs of food and fuel, it's important to consider life insurance in your plans. PM 'has a lot to explain' on tape issue: Dion Les Whittington and Tonda MacCharles Torstar News Service ORILLIA - Liberal leader Stephane Dion says Canadians shouldn't believe Stephen Harper's claim that he didn't know the details of a Conservative offer of a life insurance policy to cancer-stricken MP Chuck Cadman in exchange for his support on a key parliamentary vote. China tests micro-insurance for rural poor Dai Yongheng never imagined he would make history. But he did just that on Sept. 3, 2008. The middle-aged farmer from north China's Shanxi Province procured a fixed-term life insurance for all five members of his family. He paid 150 yuan 21.90 U.S. dollars, becoming the first micro-insurance deal in rural China. The insurance policy pays 75,000 yuan if something happens to Dai's family in ... Yamato Life files for bankruptcy Yamato Life Insurance Co., a time-honored insurer based in Tokyo, filed for bankruptcy protection Friday due to losses related to the U.S. subprime crisis, becoming the first Japanese financial institution to fail amid the ongoing global financial turmoil. Yamato, which went belly up with debts of ?269.5 billion, asked the Tokyo District Court to invoke the 2000 fast-track law for the ... Yamato Life customers to get help Yamato Life Insurance Co.'s decision to file for bankruptcy protection sent shock waves throughout the industry Friday as it became the first major victim in Japan of the global financial crisis. But industry sources said policyholders shouldn't panic because their policies are guaranteed by an industry safety net. It is the industry's first bankruptcy in seven years. Read the full story ... Yamato Life Files for Bankruptcy, Citing Investments (Update3) Oct. 10 -- Yamato Life Insurance Co. , a 98- year-old Japanese insurer, filed for court protection from creditors in the nation's first bankruptcy in the industry in seven years, with debts exceeding assets by 11.5 billion yen $116 million. |