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Life insurance policies to fund Oklahoma St. athletics

Updated: March 2, 2007, 1:33 AM ET
Associated Press

OKLAHOMA CITY -- Using an idea from billionaire donor Boone Pickens, Oklahoma State will purchase $10 million life insurance policies for 25 of its supporters in a unique fundraising program for the athletic department.

Oklahoma State athletic director Mike Holder said he believes the "Gift of a Lifetime" program is the largest such use of life insurance ever by a college athletic department. The university will pay the insurance premiums for the selected donors, with the athletics ...

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