Addresses and papers on life insurance and other subjects . INTRODUCTION. |he life insurance business in the UnitedStates of to-day has, within a single gen- jeration, attained to proportions whollyunanticipated in 1875, when The Pru- dential came into existence as the firstinstitution to transact Industrial insur- [ance in America. On the thirty-first ofDecember of that year the number of legal-reserve Ordinarypolicies in force was only about 800,000, for the sum ofapproximately ,^2,016,000,000, in contrast with 25,852,405Industrial and Ordinary policies, for ,^14,518,952,277, inforce on Dece
Addresses and papers on life insurance and other subjects . INTRODUCTION. |he life insurance business in the UnitedStates of to-day has, within a single gen- jeration, attained to proportions whollyunanticipated in 1875, when The Pru- dential came into existence as the firstinstitution to transact Industrial insur- [ance in America. On the thirty-first ofDecember of that year the number of legal-reserve Ordinarypolicies in force was only about 800,000, for the sum ofapproximately ,^2,016,000,000, in contrast with 25,852,405Industrial and Ordinary policies, for ,^14,518,952,277, inforce on December 31, 1908. This enormous and commend-able progress has, in no small measure, resulted from theconcurrent development of Industrial insurance, throughwhich a vast number of the American people have learnedsystematic habits of saving and have come to realize theunquestionable value of family protection through life in-surance with legal-reserve companies. The first Industrialinsurance policy in America was issued by The Prudentialon November 10, 1875, and out of the
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