Foreign Life Insurer Unseats Japanese Colossus

[Mulboyne]

Kyodo via Yahoo: Nippon Life loses No. 1 spot in individual insurance in Japan
Nippon Life Insurance Co. had lost its No. 1 position in the individual life insurance market by the end of September for the first time in postwar Japan, industry officials said Thursday American Family Life Insurance Co. of Columbus, or AFLAC, replaced Nippon Life as the biggest holder of individual life and annuity insurance contracts in Japan by boosting contracts 2.1 percent during the April-September first half of fiscal 2004 to 16.92 million. In contrast, Nippon Life saw its number declining by 1.6 percent during the period to 16.58 million.
Japanese life insurers have failed to boost life insurance products as their mainstay due to a drop in the young population in Japan, while foreign firms have expanded cancer and medical insurance products on the strength of lower premiums, analysts said. AFLAC has increased its number of contracts for 29 years running since it launched Japanese operations in 1974.

[American Oyaji]

I had an interview with AFLAC and they liked me, but in Ohio you need to go through a class to get an insurance provider license and that costs 360 dollars and I didnt have that kind of cash.