A potential of 103 billion dollars assembled in a Manhattan convention room last week at the annual meeting of the Association of Life Insurance Presidents. That sum is the major amount of life insurance held in the U. S. In the past year alone, policies totalling 19.8 billions were written. The investments the insurance companies have made with premiums now amount to 17.6 billions.
Irénée du Pont, gunpowder & chemical tycoon, who attended the convention as a director of Equitable Life Assurance Society, envisioned a great collateral use for these stupendous sums. Said he:...
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