Business: Insurance Assembled

Last week U. S. Insurance was assembled in Manhattan. The Association of Life Insurance Presidents, representing 55,000,000 policyholders, $18,000,000.000 of assets and 87% of all insurance in force, was holding its annual convention. The presidents learned that the total of U. S. insurance in force had dropped 5% below the $100,000,000,000 mark which it set three years ago but that total distributions (exclusive of policy loans) would set a record in 1933—$3,100,000,000. New business was increasing, the demand for policy loans was subsiding, restrictions imposed after the March banking moratorium had been lifted...

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!