The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1942-05-15

to Is per cent Of the average SAL
aries or % per cent Of the average
wages paid by manufacturers OPP
Grating in the area.
Hartford Leads Cities
Hartford led Connecticut cities in
life insurance payments In 1891
with 1898 900 compared to $780,
600 In 1910. Hartford ranked And
among all cities Of the country.
New Haven was second in payments
in Connecticut with 45,750,000 in
1941 and $4,es0,000 in 1910. Bridge
port came third with $4,8lS, 900 fol-
lowed by Waterbury with $3,60S 900;
New Britain, $2,122,000; West HART
ford, $1,542,OO0; Stamford, 81 $780,
900; Bristol, $4,000; Greenwich,
1910, 10000; New London, 1904 900;
Norwalk, s880,000; New Canaan,
$701 600; Norwich, $737,O0O; Mid
dleton, $712,000; Torrington, $780,
600; Meriden, $615, 900; Ansonia,
1881 900; Fairfield, $572,Oo0; { Tat
ford, s4s8,000; Danbury, $4T9,g00.
Life insurance payments In
Bridgeport averaged $l03 per FAM
lily and were 81 per cent Of annual
food sales and IA per cent Of the
average wages paid by nanufactur-
erse operating in the city. Life in
surance payments over IS year
period equal the city's annual retail
trade volume and over "a year
period equal the total savings bank
deposits in the city.
Life insurance payments in
Hartford averaged @l70 per family
and were 43 per cent Of annual food
sales and ~ per cent Of the aver
age wages paid by. manufacturers
operating in the city. Life insur-
ance payments over O IS year pc
Rod equal the city's andual retail
trade volume and over q 81 year
period equal the total savings bank
deposits In the city.
Life insurance payments In New
Haven averaged $145 per family and
were as per cent Of annual food
sales and they represent "a per cent
Of the average wages paid by man
ufacturers In the city. Life insur-
ance payments over q IA year Pc
Rod equal the city'S annual retail
trade volume.
Waterbury Families
Life insurance payments In Wa
terbury averaged $l60, per family
and were Al per cent Of annual food
sales and 10 per cent Of the aver
age wages paid by manufacturers
operating In the city. Life insurance
payments over an 11@ year period
equal the city's annual retail trade
volume and over q IL year period
equal the total savings bank de-
posits in the city.
Ordinary life insurance In force
IN Connecticut totals $1,612,6 84 900
on 1874, 723 policies or $44 per capita.
Average size Of policy in force
1892 average new policy bought in
194l $l,607; volume sold $751; 1855, 600.
The $66,200,000 in life insurance
money paid to the residents of
Connecticut in 1041 was almost six
times the 81, 235, 424 in w. P. A.
payments in the state for the fiscal
year, greatly exceeded the $2,171 ,4Oo
in P. w. A. grants, was many times
the federal agricultural adjustment
program payments Of $685., 1888 and
was fourteen times the $4,616,84
In federal payments to the state
under the social security act, thus
demonstrating the Importance Of
life insurance's contribution to the
economic security Of the state. Life
insurance payments were rs per
cerI of the $S8,55S,3 in income
and excess profits taxes collected in
Connecticut and exceeded tn $64,-
100000 cash income from farm
products.