Business & Finance: Record in Life Insurance

According to Edward D. Duffield, President of the Prudential Life In- surance Co., the record amount of $11,710,000,000 in life insurance was written in 1923, making a total of $55,000,000,000 of life insurance in force in the U. S. The latter amount is larger than all the outstanding life insurance in all the other countries of the world put together. During 1922 American life insurance sold amounted to $9,744,000,000.

Coming as it did just after the savings banks of the country had announced a $1,000,000,000 increase in savings deposits (TIME, Dec. 10), this announcement...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!