OCR Text |
Show LIFE INSURANCE AND THRIFT Tho number of people in this country coun-try who make use of life insurance as a means of saving exceeds the total number who avail themselves of all the other recotmlzcd modes of shrift. Thus, If wo add together 9,000.000 of savings bank depositors, the 7,000,000 of persons who own their own homes, the 2,000 000 building and loan society Stockholders and the 1,750.000 of corporation cor-poration stockholders, wc shall have, not reckoning duplications, not more than 20,000,000 of Investors, whereas the number of persons who hold policies, poli-cies, ordinary and fndustrlal, in life insurance comnanif . exceeds 28.000.-000. 28.000.-000. These 28 000,OnO do not include tho number of certificate holders in .fraternal and assessment associations. The total life insurance carried in tho United States todav is about $150 per head of the population, a sum considerably greater than that of any other country in the world. The companies com-panies reporting to tho New York insurance in-surance depart ment had on December 31, 1910, $14,680,2G8.3ifi Insurance in force. They, had a total premium Income In-come of ,$53,000,990 and nssKs 'amounting to $3 G65,G30,53o, which represents rep-resents -approximately as Jargc a' s.um of money as tho total savings in all the banks of tho country. Moody's Magazino. |