INSURANCE: The Met Leads Off

For the first time in six years, the major U.S. life-insurance companies are raising prices. Metropolitan Life Insurance Co., world's biggest insurer, last week announced that premiums on all ordinary policies sold after Jan. 1 will be upped "slightly less than 10%." Because they were not raised in 1935, rates on "industrial" policies (nickel-a-day burial insurance for the poor) will be increased even more. Rates on existing policies remain unchanged.

The Met will also adopt new policy forms, mortality tables which better reflect the declining death rate, and a reserve interest rate...

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