Life insurance to pay out over $1 billion in 1960
The Institute of Life Insurance reports American families will receive more than $1 billion this year in income payments from life insurance proceeds held by life companies. It notes that last year policyholders set aside 15 percent of life insurance benefits for future income. Benefits include ordinary and group death payments matured endowments and cash surrender values.
MENTIONED IN THIS ARTICLE
New York
UPI
Institute of Life Insurance
Institute
Market rally boosts steel and drug stocks in holiday trade
A mixed pre Christmas market saw U S Steel raise prices and gain a point while Merck jumped four points on a report federal approval for an anti cancer drug. DuPont rose three points as the AP index nudged higher, though most shares moved irregularly amid light holiday volume.
MENTIONED IN THIS ARTICLE
New York
Steels
U.S. Steel
Lukens Steel
Merck
DuPont
Associated Press
Dow Jones
MPs demand removal of leprosarium near Taj Mahal
In New Delhi India AP reports Members of Parliament urged removing a leprosarium outside Agra near the Taj Mahal citing that its sight disturbs tourists visiting the world famous tomb.
MENTIONED IN THIS ARTICLE
New Delhi
India
Taj Mahal
Acra
Wishes for a Merry Christmas and Bright New Year
The note sends warm Christmas greetings to all and expresses anticipation of serving in the coming year.
MENTIONED IN THIS ARTICLE
Bill
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