Jasper County Democrat, Volume 5, Number 40, Rensselaer, Jasper County, 10 January 1903 — Insurance Figures. [ARTICLE]
Insurance Figures.
Few people have any idea of the enormity of the insurance business of the United States. It not only exceeds that of any other country, but is twice as great as that of all the rest of the world combined. At the present time there is in the United States about $12,000,000,000 of life insurance in force, including assessment business, says Leslie’s Weekly. This means over $l6O for every man, woman and child in the country, or SBOO for every family. The annual risks written by the fire insurance companies are estimated at $20,000,000, which is $250 per capita, or $1,250 per family. Thus it will be seen that every family in the country on an average has insurance assets of over $2,000.
