Archive Report
Archive Report
Stablity of Life Insurance under Depression Strain
Administration's Appeal to Farm Mortgage Holders
Growth of hoarding early this year and the closing of banks in successive states late in February, culminating in the nationwide bank holiday in March, confronted the country's life insurance companies with unusual demands for surrender values and policy loans and resulted in. application of wide restrictions on cash disbursements to policyholders as a measure of protection for company assets. Until faced by this extraordinary situation, the life insurance companies, with few exceptions, had been able to make increasing payments and loans to their policyholders without difficulty, in spite of declining income from investments and premiums. This record and the present strong position of most companies have been cited as a demonstration of ...