Boston's John Hancock Mutual Life Insurance Co. last week announced one of the biggest percentage returns in insurance history. The award went to Edward L. Long, 22, who set up a building partnership in Massachusetts last May with Charles K. Hammond, 24. Each took out a routine life-insurance policy on the oth er; a few weeks later, Hammond was killed in an auto wreck. On the policy, Long had paid only one premium, totaling exactly $30. His award: $57,325,38.


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