According to a recent life insurance news report from America, life insurance companies in the USA will be provided with benefits from the $700 billion fund put aside to rescue the financial services industry.
The release of the news across the pond has boosted shares in life insurance companies, although not all will be eligible for help. Only some of the life insurance companies will qualify for the loans .
The initial aim of the bailout fund was to help banks survive the recession . However, it has now been used to make loans to car companies and AIG, and life insurance companies will also soon benefit.
Life insurance companies to get bailout
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Life insurance companies to get bailout
Wed, 15 Apr 2009
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