Falwell Insurance Pays Off Liberty Debt

Summary


LYNCHBURG, Va. (AP) -- The Rev. Jerry Falwell had life insurance policies worth $34 million, and the money has been used to erase the debt of Liberty University, the school he founded.

The televangelist's son, Liberty Chancellor Jerry Falwell Jr., said his father had named the university and the Thomas Road Baptist Church as beneficiaries to protect their future.

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Extract


Falwell Insurance Pays Off Liberty Debt

The policies left $29 mill...

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