wealth, and has opened wondrously during the last few years. The present
magnitude of the business is shown by the statement that there are
$2,500,000,000 invested in life insurance in the United States, while
the fire insurance agents last year wrote more than $16,000,000,000.
There are seven men who have an aggregate of $7,000,000 on their lives.
But the business is yet in its infancy. The field of life insurance is
not nearly covered, and if it were, ten million persons will come to
maturity during the next ten years, all of whom may be considered as
candidates for insurance, and all the policies will have to be renewed
in a short time. Insurance agents receive as commission from ten to
twenty-five per cent. Some companies secure to their agents a regular
percentage on the premium so long as the policies continue in force. If,
therefore, an agent gets fifteen per cent. commission, and the company
receives $10,000 per year as premiums from the policies he has written,
his share will be $1,500; and thus he enjoys an annuity without any
further work for a long period of time. The larger old-time companies,
also, have general agents whose positions are still more lucrative. Many
of them are in circumstances of affluence, and have very little to do.
In fact, it is in the insurance business as in many other occupations,
that as one rises the salaries are larger, and the actual work, aside
from the responsibility, is smaller.