Vista - Windows Live Mail v.12.0.1606 will not remember my password

My Windows Live Mail refuses to remember my password. The application
remembers my username but leaves the password field blank for me to manually
fill in. I had recently un-installed & re-installed the software many times &
yet the issue has not resolved itself.

Within Windows Live Mail, I have accessed the TOOLS tab, then I clicked onto
the ACCOUNTS link. After that, for each account present (4), I manually
accessed PROPERTIES & manually filled in my password, making sure that the
REMEMBER MY PASSWORD box was checked. I clicked APPLY, clicked OK & then
closed the window. When I re-open the SAME window to see if the software
remembers my password, I find that the password field remains blank as it was
before.

I have gone as far as accessing my firewall settings so as to make sure that
Windows Live Sign-In Assistant, Windows Live Mail & Windows Live Messenger
have access to the internet. What am I doing wrong?

What am I doing wrong here? Any help to reach the solution would be
appreciated.

Lex Luthor