INSURANCE: Long Shot
Boston's John Hancock Mutual Life Insurance Co. last week announced one of the biggest percentage returns in insurance history. The award went to Edward L. Long, 22, who set up a building partnership in Massachusetts last May with Charles K. Hammond, 24. Each took out a routine life-insurance policy on the oth er; a few weeks later, Hammond was killed in an auto wreck. On the policy, Long had paid only one premium, totaling exactly $30. His award: $57,325,38.
Most Popular »
- Parents' Sex Talk with Kids: Too Little, Too Late
- Obama Shrinks the War on Terrorism
- Is California Sold on Gov. Meg Whitman?
- The Growing Backlash Against Overparenting
- Did Amanda Knox Get a Fair Murder Trial?
- Humanure: Goodbye, Toilets. Hello, Extreme Composting
- Astronomers Spy a New Planet-Like Object
- Many Mutual Funds Are Up 50% in '09 — But Beware
- How Strong Is the Evidence Against Amanda Knox?
- Celebrity Chefs Show How to Lose Weight
Top Stories on TIME.com
Quotes of the Day »
ASIM WARIS, engineering student in Pakistan, after a suicide attack at a Pakistani mosque killed his friend and at least 39 others
RSS