Magazine content is available exclusively for TIME subscribers.INSURANCE: Over the $400 Billion Mark
"Life insurance in force in the United States has reached $400 billion. This is twice as much as the amount outstanding at the end of 1948 and four times the aggregate of life-insurance protection in 1936." This size-up of one of America's biggest businesses came last week from Executive Vice President Claris Adams at the sist annual meeting of the American Life Convention in Chicago. This year, added Adams:
¶A record $50 billion additional protection will be written, 2^ times more than a decade ago.
¶Life-insurance company assets will rise by $5 billion to $95 billion.
¶Benefits for the 103 million policy-holders—60%...
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