Insurance for Research

A potential of 103 billion dollars assembled in a Manhattan convention room last week at the annual meeting of the Association of Life Insurance Presidents. That sum is the major amount of life insurance held in the U. S./- In the past year alone, policies totalling 19.8 billions were written. The investments the insurance companies have made with premiums now amount to 17.6 billions.

Irenee du Pont, gunpowder & chemical tycoon, who attended the convention as a director of Equitable Life Assurance Society, envisioned a great collateral use for these stupendous sums. Said he: let the insurance companies each year contribute one-eighth of one cent of every dollar of their assets to an organization for research in their favorite thing: the prolongation of life. "The funds would finance the greatest organization the world has ever applied to a specific problem," observed Mr. du Pont. The funds would be $20,000,000 yearly, the equivalent of a half-billion-dollar endowment.

/-The world has about 170 billions worth of life insurance in force.

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