Statistic

Last week among many a statistic, the following was noteworthy:

$100,000,000,000, the amount of U. S. life insurance in force last week. In 1916 when life insurance was 73 years old, there were 25 billions in force. In 1922, six years later, there were 50 billions in force. The 300% increase in the last 13 years is attributed: 1) To the popularization of insurance because it was sold by the Government to all soldiers during the War, 2) To the decreased purchasing power of the dollar, 3) To the growing tending to thrift and savings through endowment policies (17.3% of the 100 billions is insurance on which industrial workers pay weekly premiums), 4) To the issuance of new kinds of insurance, such as group insurance (8.9% of the 100 billions was placed by employers on their employes).