Soon after that Mr. Ecker took the helm of the Metropolitan Life Insurance Company, the Leroy A. Lincoln, age 49, has been a vice chairman. He joined the company in 1918 and in little more than a decade had demonstrated its ability to deal with various complicated administrative problems. He had a wide and intimate knowledge of the entire insurance industry, previously serving from legal counsel to the insurance department of the State of New York. He brought to his duties not only a sharp analytical mind but also a warm compassion for the men in the field and the enthusiasm for the special program of social service organization. When, in March 1936, Mr. Ecker became President of the Directors, Mr. Lincoln succeeded to the presidency, continuante policies of his predecessor in office. Frederick H. Ecker has been good for the president to a period of time that has seen many as a "Era." Golden; All trade was at a high peak and the Metropolitan shared prosperity in general. Towards the end of this period many people seriously believed that a new order of life had come to America and prosperity, with life insurance low cost (http://www.equote.com/li/term-life-insurance . html), was to turn forever. One measure of that condition was able to float the rise in prices of ordinary securities, especially those treated in trade. In these circumstances promise, it is not surprising that ordinary securities were urged seriously as a suitable investment for businesses of life insurance, and one or two company does not comply with the limits of the law of New York has bought significant blocks of securities Ordinary well selected for their folders. It was at this point, in September 1929, the chairman Ecker, in an address before the association of national underwriters of life in Washington, analyzed the proposal that the funds of life insurance be made in the titles are ordinary and reached a constant position against such "investments" from insurance companies on life. There were some who defy its position, but shortly after Mr. Ecker 's address was published and put into circulation came in October 1929, the first of the arrests of stock exchanges. His opinion as to the dangers of investment securities for ordinary business of life insurance was claimed almost overnight. The full import of this disaster was little understood at the time. He had no place for weeks and months that the country has come to understand that the economy had suffered a shock that could not be topped for years. While the first reversals in the stock exchange have approfondetto depression in a national well-defined business life insurance have shared the difficulties of the times with other financial institutions. Lots of people have lost their savings on trade. Many banks closed their doors, foreclosure rose quickly and employment has begun to fall sharply. Consequently, many people borrowed on their policies, whether it was insurance against specific diseases, http://cheap-insurance-rates.com/health/, or life insurance for cash that could find no other source . This situation was further complicated by the moratoria on loans policy and yields enforced in a majority of Condition-limitations that were not from the look of Metropolitan.The continued to make all payments where there is no limitation and have honored all obligations as soon as the edges were lifted. During the decade from 1930 to 1939 the metropolitan paid out well over $ 5,000,000,000 to the policies of life insurance (http://www.youtube.com/watch?v=UX8KnHM4qKg) or beneficiaries. These payments have kept the major public ignominy many thousands of individuals who had installed their own programs with insurance protection during the most prosperous years. Contemporary efforts with the federal government to allow relief to members of the population, certainly have lightened the difficulties public.

Sarah Martin

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