Some Economic and Legal Aspects of the Purchase and Lease of Real Estate by Life Insurance Companies

factors-one of which was the stupendous increase in the assets of life insurance companies during the past decade. Ten years ago the assets of life insurance companies in the United States totaled about twentysix and a quarter billion dollars; by 1947 this figure had increased to fifty-one billions and was still growing.' Although the war afforded the life insurance companies the opportunity to invest large sums in the various government issues, the return of peace brought an immediate need for a revision of the investment sections of the state