1997 July | Life Insurance

Archive for July, 1997

Mortgage Life Insurance Panned

OPEN YOUR MAILBOX and chances are you’ll find an offer for mortgage life insurance - a policy that pays off the mortgage balance on your home after you die. It may sound like a convenient way to give the house free and clear to your survivors. But according to financial planners, insurance brokers and mortage […]

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July 31st, 1997 | Posted in Life Insurance | No Comments

LINCOLN NATIONAL WILL BUY CIGNA’S LIFE, ANNUITY UNITS \ THE DEAL WILL CREATE ONE OF THE MOST POWERFUL FINANCIAL PLANNING ORGANIZATIONS IN THE NATION

In the largest transaction in its history, Lincoln National Corp. said Monday it bought the individual life insurance and annuity businesses of Cigna Corp. for approximately $1.4 billion in cash.The deal, one month after selling its 83.3 percent stake in property/casualty insurer American States Financial Corp. for $2.15 billion after tax, puts Lincoln National firmly […]

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July 28th, 1997 | Posted in Life Insurance | No Comments

Paterson man sentenced to life for woman’s insurance killing

A Paterson man who beat an 18-year-old woman to death with a crowbar for her life insurance in March 1995 was sentenced to life in prison yesterday in Passaic County Court. Charles Pinchom, 25, was sentenced to an additional 20 years to be served consecutively for attempting to kill a mentally retarded man in 1994, […]

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