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Show A Hundred Billions Modern business figures have reached reach-ed such large proportions that the human hu-man mind can not begin to grasp them. Who, for example, can form an intelligent idea of what 100 billion dollars really means? Yet, that is the amount of life insurance now in force in the United States. The growth of life insurance in this country since the war has been one of the outstanding business phenomena phenom-ena of the period. When the government govern-ment provided war risk insurance for its soldiers and sailors during the war. some believed that the private companies com-panies might be injured, but it appears ap-pears that the reverse has been the case. In. any event, the figures speak fov themselves. The amount of life insurance in-surance in force in 1916 was about 23 billion. By 1922 it had reached 50 billion. The 100 billion in force in 1929 represents, therefore, an increase of 300 per cent in 13 years. Even this staggering total represents repre-sents only an average of about $800 for every person in the United States. Hundreds of thousands of families are still without insurance, and the neglect of this important matter is the cause of much suffering on part of widows and orphans who are left unprotected. Every man owes it to his family to carry a reasonable a-mount a-mount of life insurance. |
