THE  MUTUAL  LIFE  INSURANCE  COMPANY

Explanatory Comments

REAL ESTATE—Recent events have empha¬
sized the danger of investing life insurance funds too
largely in real estate. In some instances this item
constitutes from 25 to 50 per cent or more of the
total assets of a company. Unless great care is
taken in such a case not to over-estimate the value
of such investments, a subsequent appraisal hy some
one of the many insurance departments may reduce
valuations to such an extent as greatly to embarrass
the company. The real estate investments of The
Mutual Life comprise less than 6 per cent of its total
assets.