Tomijiro Morita


DEFINITION of 'Tomijiro Morita'

The president of Dai-Ichi Life Insurance Company from 1997-2004 and chairman since 2004. Morita was born in 1941 and joined Dai-Ichi Life in 1964 upon graduating from the University of Tokyo. In 1999, Morita was appointed chairman of the Life Insurance Association of Japan.

BREAKING DOWN 'Tomijiro Morita'

Founded in 1902, Dai-Ichi Life is one of Japan's largest life insurance companies. The company demutualized in April 2010 and listed itself on the Tokyo Stock Exchange. Its major competitors include Japan Post Insurance and Nippon Life Insurance. Morita has worked at Dai-Ichi Life his whole life, a customary practice in Japan.

  1. Death Benefit

    The amount on a life insurance policy or pension that is payable ...
  2. Life Insurance

    A protection against the loss of income that would result if ...
  3. Whole Life Insurance Policy

    A life insurance contract with level premiums that has both an ...
  4. Renewable Term

    A clause in a term insurance contract that allows the beneficiary ...
  5. Term Life Insurance

    A policy with a set duration limit on the coverage period. Once ...
  6. Automatic Premium Loan

    An insurance policy provision that allows the insurer to deduct ...
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  1. Do beneficiaries pay taxes on life insurance?

    Generally speaking, when the beneficiary of a life insurance policy receives the death benefit, this money is not counted ... Read Full Answer >>
  2. Can I borrow from my annuity to put a down payment on a house?

    You can borrow from your annuity to put a down payment on a house, but be prepared to pay an assortment of fees and penalties. ... Read Full Answer >>
  3. What are the biggest disadvantages of annuities?

    Annuities can sound enticing when pitched by a salesperson who, not coincidentally, makes huge commissions selling them. ... Read Full Answer >>
  4. What are the risks of annuities in a recession?

    Annuities come in several forms, the two most common being fixed annuities and variable annuities. During a recession, variable ... Read Full Answer >>
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    A longevity annuity may be right for an individual if, based on his current health and a family history of longevity, he ... Read Full Answer >>
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