Each year Steven Halpern, editor of TheStockAdvisors.com, surveys the leading financial newsletter advisors asking for their favorite stocks for the coming year. This article is part of his 24th annual Top Picks Report.

China Life Insurance Co. (NYSE: LFC) is the favorite conservative stock for 2007 from Jim Trippon, editor of The China Stock Digest. The advisor, who maintains permanent offices in China, says, "Although the stock has performed strongly in 2006, we still see strong gains ahead.

"China Life is China's largest insurance company; it has written more than 48 million individual and group policies and has a huge sales force of 640,000 agents who operate in 9,300 field offices throughout the world's most populous country.

"China Life first caught our attention as a potentially huge growth engine in December 2005 with its announcement that it had been given the go-ahead by the China Insurance Regulatory Commission (CIRC) to set up a pension business as it moves to expand into the fast-growing corporate annuities sector.

"This is a major breakthrough in a nation of 1.3 billion prospects who can no longer rely on the government for their pensions. CIRC expects the country's corporate annuity net premiums to grow by 100 billion Yuan, or US$124 million, annually for the next several years. We expect China Life's historical statistics to move up rapidly as its large sales force is tasked to move aggressively into pension funding."

To see Jim's favorite speculation for 2007, click here.