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BofA to pay for mortgages of cops, others, who are hurt or killed

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CHARLOTTE, N.C. (AP) -- Bank of America is paying for mortgages of police officers and others who are hurt or killed.

The Charlotte-based bank already helped Adam Pierce and his family. Pierce, a sheriff's deputy in Florida, was paralyzed from the chest down when he was shot in the line of duty.

Bank of America officials say they want to help others, including firefighters, teachers and medical workers.

Bank of America executive Floyd Robinson says it's the company's social opportunity and obligation.

Insurance policies can provide coverage, but they usually cost a few hundred dollars a year for a $150,000 home.

Bank of America is apparently the first to offer such a policy for free.

The deal is an expansion of the bank's Neighborhood Champions program.

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