Show LIFE INSURANCE In this Year of Depression 1934 more than two billion seven hundred million dollars have been distributed by the life insurance companies of America to the holders of life policies and their beneficiaries And in the ame year more tEan than fourteen billion dollars of new life lif insurance was vas bought thy by the United States tates There is a great deal of significance significance significance sig sig- sig- sig in those bald fa facts ts it seems to us For one thin thing thil the fact that two thirds of the payments payments payments pay pay- ments were were made to policyholders policyholders policy policy- h holders rather than as de death th benefits indicates that there are many persons who are scraping the bottom of the barrel barrel bar bar- rel to find money with which to meet their obligations L and inn j i j 1 aie are b borrowing j g oi or oihi cashing hi in g. in on i I their life insurance as a last resort re- re reI I sort sort And the increase in the I volume of new business appears in all probability to reflect a growing thriftiness on the part of those who still have incomes 3 and ml nd who are are are- trying to provide for their families or for their old age by the safest means that has yet been evolved I With nearly one hundred billions billions billions bil bil- bil- bil lions of of- life insurance now in force in the United States the responsibility y upon the insurance insurance insurance ance companies is a tremendous one Whatever tends to impair th the security of investments strikes a blow at the savings of more than half of the people of the United States for the holders of 01 life insurance policies number more than thirty million million mil mil- lion lion and almost every policy represents prote protection tion for two or three others Next to Government bonds we know no safer place to put money than into life ife insurance ana and the latter has the advantage advantage I tage fage of providing protection lOrhe lor tor lorhe he insurers insurer's depend en Gc Government bonds do not I furnish |