Bail Outs

 

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