Lincoln National has proven the Troubled Asset Relief Program (TARP) can be good for both the borrower and the US Treasury. The Pennsylvania-based life insurance company borrowed $950 million last July and repaid the loan within one year. Now the government plans to sell its investment in the company for an estimated $237 million. Nice Return. In the meantime, Lincoln National continues to perform as its stock has gained 67% since taking the loan last year.
You can view term life insurance quotes from The Lincoln National Life Insurance Company on our website!.finance.fortune.cnn.com
- On: 09/17/2010
- Topic: Life Insurance