The Sociology of Life Insurance© 1928
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CHAPTER IX

SOCIAL SIGNIFICANCE OF LIFE INSURANCE COMPANY
INVESTMENTS’

Life insurance investments are not only an impor-
tant but a vital force in our complex social order.
Through judicious utilization of the wealth entrusted
to their care, the life companies are contributing, in
constantly increasing measure, to the development of
the country and are meeting the ever increasing de-
mands of a more and more intricate civilization. Life
insurance funds, the vastness of which kindles the
imagination, are invested in enterprises that promote
the welfare of the people. In this manner they have
played a commanding part in the raising of the social
standards of Americans to the highest plane in the his-
tory of the world. The companies not only have safe-
guarded the savings entrusted to their care so as ade-
quately to mature policy obligations, but they also
have administered these accumulations so as to im-
prove materially the living conditions of our citizens,
thereby rendering untold and lasting benefits to the
nation.

Insurance Policyholders as Capitalists
An outstanding feature of the social and economic
aspect of life insurance investments is their great
‘By Charles F. Creswell, Statistician, Association of Life Insurance
Presidents.
247

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