INSURANCE: Bad Risks, Good Record

Conservative, massive ($3.5 billion assets) Equitable Life Assurance Society of the U.S. looked back last week at its most venturesome life-insurance plan and wondered at its good fortune.

Two years ago this month, when other U.S. companies were asking huge premiums for war-zone insurance, Equitable agreed to give a lift to the newly formed War Agencies Employees Protective Association. It set up a worldwide system of low cost ($15-a-thousand) group life insurance for U.S. Government employes working in or around war zones.

Equitable sold policies to employes of some 40 U.S. agencies, including such definitely bad risks as the Offices...

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