Word: ago
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...Larry Mocha. He is president and owner of Air Power Systems Co., a Tulsa, Okla., maker of air cylinders and other parts for trucks that his father founded in 1964. At times, Mocha recalls, he had to borrow on his personal credit card to meet his payroll. A year ago, though, he bought the assets of a local machine shop whose owner was "tired of being a small businessman." The acquisition enabled Air Power to double its production capacity. Now Mocha is looking at two more potential acquisitions, each of which would cost around $100,000 to $150,000; they...
...selling his life-insurance policy at a discount. The discount, usually 10% to 40% of the policy's face value, is based on the viator's life expectancy; once the viator dies and a broker takes a commission, the investor collects the rest of the benefits. A decade ago, viaticals were embraced by the AIDS community as an ingenious way for patients to get some cash for their final days...
...Volz, president of the Columbia, S.C., visitors' bureau, has advanced prostate cancer; he's been given two to three years to live. A few months ago, he received the funding for his viatical settlement, which handed him $58,500, or roughly 40% of his $150,000 policy. "There are some things I'd like to do, but I didn't have the resources for, like a trip to Hawaii or herbal remedies not covered by insurance," says Volz...
...California get their way. Late last summer a federal grand jury in Florida indicted Frederick Brandau and his company, Financial Federated Title & Trust, for allegedly defrauding thousands of viatical investors across the country in an elaborate, $115 million Ponzi scheme. Brandau's attorney denies the allegations. Just a month ago, two officers of Justus Viatical, a Pompano Beach, Fla., firm, were charged with selling investors $2 million worth of fraudulently obtained life-insurance policies. Their lawyer calls the indictment a farce. And insurance heavyweights like American General and John Hancock Mutual Life have recently fought in the courts to rescind...
...wedlock. That's triple the figure for premarital conceptions and five times that for premarital births since the early 1930s. The Census study found that only 23% of today's young pregnant women decided to marry before the birth of their first child, in contrast to 54% 60 years ago...