Back in December we wrote the article First the Subprime Mortgage Crisis; Now the “Exotic” Mortgage Crisis? The article illustrated how we could see another wave of mortgage failures when “exotic” adjustable rate mortgages reset in the next two years.  We are slowly starting to see this play out as foreclosures remain at extremely high levels.  The free falling housing market with the bear market on Wall Street has many wondering if the next shoe to fall will be the Life Insurance industry.  Will the Life Insurance Crisis rear its ugly head?