Six of America's biggest life insurance firms will benefit from the $700 billion Troubled Asset Relief Program (TARP) fund which had been put aside by the US Treasury Department to bailout the financial services industry.
Prudential, Lincoln National, Allstate, Principal Financial, Hartford Financial, and Ameriprise had been granted preliminary approval.
Andrew Williams, spokesperson for the Treasury Department said: "These life insurers met the requirements for the Capital Purchase Program because of their bank holding company status and each applied for CPP capital investments by the deadline of November 14, 2008."
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