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More Insurance Per
Family Locally
Residents of Rappahannock County entered the yekr 1968 with more protection in the form of life insurance than they ever had. The amount of coverage, pei family, was at a record high.
For the local community as a whole, life insurance holdings are now placed at more than $14,747,000.
Data on the number of policy holders and the extent ol coverage in force throughout the United States as a whole and in each of the states are contained in the current Life Insurance Facl Book and in other reports.
They show that the amount ol life insurance of all kinds in force in the country is now well over a trillion dollars, which is twice a£ much as there was ten years ago
Not included in these figures are the insurance coverage provided by the Federal government for veterans and others and the insurance issued by fraternal organizations.
In the State of Virginia alone the reports indicate, the amounl in force comes tc $21,208,000,000, as compared with $10,179,000,000 in 1960.
For a majority of families, it is found that there is a direcl relationship between their income and the amount of insurance they carry. The amount held by the average family in the state is equivalent to 25 months income after taxes.
Applying this yardstick tc Rappahannock County and to the average income reported for the area, the estimated life insurance locally is $10,400 per family.
This is much more than the average holdings throughout the local area in 1960, $6,000.
It adds up to a grand total ol $14,747,000 for the local population. The bulk of it is ir ordinary life insurance. Group insurance is next in point ol volume.
The expansion of life insurance ownership in the last few years is attributed, to a large extent, tt the fact that the American people have been saving more than usual
The events in Viet Nam and the economic uncertainties at home are given as the motivating causes — Orange. Two and three pound channel cat have been commonplace. Five and six pounders have been taken. The unofficial Virginia record for a Northern Pike was taken there on June 29, a 32 inch, 7 and 3 tenth pounder. Bass fishing is fair to excellent, depending on how you hit them, sun fish are fair in size. Boats are available for rent and with 125 acres you can always find a quiet spot. A regular fishing license is all you need. Don’t have an uncased gun in your possession on the Rapidan Fish-for-Fun area or anywhere on the Rapidan Management area. This law applies to all Commission owned land during the general closed hunting season. The 1968-69 edition of the Virginia Game Law Digest is available now at the county clerk’s office as well as at many of the local merchants.
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