Falwell Insurance Rids Liberty U. Debt
Aug 10, 2007

LYNCHBURG, Va. (AP) -- The late Rev. Jerry Falwell left a $34 million life insurance policy to the college and church he founded, ridding the financially troubled Liberty University of its debt, his son said Friday.

Most of the payment, $29 million, went to Liberty, which Falwell founded in 1971, and the rest was given to Thomas Road Baptist Church, Liberty Chancellor Jerry Falwell Jr. said. His evangelical minister father died in May at age 73. the rest