The life insurance industry takes great pride in its survival of the depression, although it seems to me that it was bailed out by government intervention.
I wonder if the time may come again, say if the prime rate goes to 38%, that the life insurance industry will need to be bailed out in some fashion.
I do not know what that fashion might be, but that is why I am curious about the nature of the discussions of April, 1980.
-- Joseph Belth
1981 -THE LIFE INSURANCE BUSINESS---THE VIEW OF CONSUMERISTS, Society of Actuaries