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.

RELATED TERMS
  1. Whole Life Insurance Policy

    A life insurance contract with level premiums that has both an ...
  2. Wholesale Life Insurance

    A type of employer-sponsored protection against the loss of income ...
  3. Adjustable Life Insurance

    A type of life insurance that combines features of term and whole ...
  4. Variable Life Insurance Policy

    A form of permanent life insurance, Variable life insurance provides ...
  5. Life Expectancy

    Life expectancy in social science is the statistical age until ...
  6. American Council Of Life Insurance

    An association of American life insurance carriers based in Washington ...
Related Articles
  1. Financial Advisor

    Which Life Insurance is Right For You?

    Consumers have choices when it comes to life insurance. Knowing your future needs for cash or retirement can make the difference in what you select.
  2. Insurance

    4 Things That Keep You From Getting Life Insurance

    We look at four common reasons people give for not applying for life insurance, and see if they're legitimate.
  3. Financial Advisor

    Life Insurance for a Newborn Baby

    In most cases, this is unnecessary, though a small policy offers benefits in certain cases.
  4. Financial Advisor

    Getting Life Insurance in Your 20s Pays Off

    Find out how Americans in their 20s can benefit from a well-thought-out life insurance policy, especially if they are able to build cash value for retirement.
  5. Personal Finance

    The Best Life Insurance for Military Families

    Two of the most common types of life insurance are term and whole life. Here's why the latter isn't a good idea for most military families.
  6. Insurance

    Tips for Helping Clients with Life Insurance Needs

    Life insurance needs will likely change over the client’s lifetime and again financial advisers can provide an objective sounding board.
  7. Financial Advisor

    10 Best Life Insurance Companies of 2016 (MCO, PRU)

    The 10 best life insurance companies of 2016 have strong financials, longstanding brands and excellent reputations for customer service.
  8. Insurance

    3 Reasons to Avoid Term Insurance

    Find out the reasons why term life insurance may not be for everybody, and why you may want to avoid it in favor of a permanent life insurance policy.
  9. Insurance

    Millennials Guide: Too Young for Life Insurance?

    Unless you have kids, it's easy to think you don't need life insurance Here are the reasons why you might– as well as which type and how much to get.
  10. Insurance

    Term Life Insurance: Everything You Need to Know

    Term life insurance is an affordable way to financially protect your loved ones after your death. Here's what you need to know before purchasing a policy.
RELATED FAQS
  1. Can your life insurance company sue you?

    Find out when life insurance companies have the right to recover claims. Learn about the most common reasons why a life insurance ... Read Answer >>
  2. What is the difference between the death benefit and cash value of an insurance policy?

    Understand the difference between the various components of a life insurance policy including the death benefit and a policy's ... Read Answer >>
Hot Definitions
  1. Price Elasticity Of Demand

    A measure of the relationship between a change in the quantity demanded of a particular good and a change in its price. Price ...
  2. Market Capitalization

    The total dollar market value of all of a company's outstanding shares. Market capitalization is calculated by multiplying ...
  3. Frexit

    Frexit – short for "French exit" – is a French spinoff of the term Brexit, which emerged when the United Kingdom voted to ...
  4. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  5. Down Round

    A round of financing where investors purchase stock from a company at a lower valuation than the valuation placed upon the ...
  6. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
Trading Center