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Politics : Ask Michael Burke

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To: Broken_Clock who wrote (91452)	7/12/2001 5:25:23 PM
From: Tommaso	Read Replies (2) of 132070

Question for anyone. Years ago I bought a straight life insurance policy with a mutual insurance company that is now known as the Principal Group. They are "demutualizing" which means they are changing from policy-holder ownership to stockholder ownership, offering stock to policy holders and doing an IPO. They are a huge company, handling more 401K plans than anyone else. I can take money at the IPO price that is long term capital gains or take stock. It's a good bit, about 25% of the face value of the policy. Does anyone have any feel for how good insurance stocks are?

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