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¶ The Association of Life Insurance Presidents met last week in Manhattan, listened to the large, round statistics so characteristic of their industry. Speakers said there were 63,000,000 U. S. policy- holders; that policies sold in 1935 will total $14,500,000,000; that insurance companies will pay out $2,600,000,000 in 1935; that the U. S. has nearly $101,000,000,000 of life insurance in force. Noticed also was the trend toward lower life insurance company dividends. Reductions have been announced by New York Life, Prudential, Mutual Life of New York, New England Mutual and Guardian Life. Cause: low...
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