The Vermont watchman. [volume] (Montpelier, Vt.) 1883-1911, 1895-01-23

million mark, aggregating December 81,
S1O,205 1886 go as against sc, 1872 ,092. 05
December 30, 1898. 1t has received
during the year in premiums, interest
and rents, So ,931 ,322.50. 1t has paid in
death claims, $476,75 %; in matured
endowments and surrendered policies,
1907 ,869.2S; in surplus returned, 1922
179 81, aggregating 81, 206,6 07 80 re-
turned to policy -holders or their repre-
sentatives. The total expenses have
been 1851, 17l63 Interest due and
accrued, unreported and deferred pre-
miums, and premium on stocks and
bonds, aggregate S84O,041. IL, maxi
ing the gross assets 81, 045, 676.71.
The total liabilities as to policy-holders,
including computed reserve (actuaries'
four per cent?, $9,216, 926.1O, and extra
reserve on life rate endowments, 1854
2l6.54, are SO, 614, 962.69, leaving sur
plus -four per cent? of 81, 430, 714.02, or,
computed at four and one-half per cent,
of S2,075, $685. So. Since its organiza-
ton the company has paid its policy
holders $40 ,724, 047. l6, divided as fol-
lows: Death claims, S5,334 ,394.02;
matured endowments, $3.50 ,996.45; sur.
rendered policies, $2,762 ,52419; sur
plus returned, S2,O4O,132.5O. 1t has
now in force 30,1S6 policies, insuring
1854, 975, $50 90. In new business done
the following is the flattering record
for 1894, year of depression and
shrinkage in nearly every department
of business: Policies issued and re-
vived, 6,S13, insuring S14,769,9 16O0;
increase in gross ledger assets, 81, 1884,
824.70; increase in surplus, 1926, 621 .66;
increase in interest received, $55, 932.88
The gain, during the year, of the number
of policies in force is 1912; in insurance
in force, $3,343, 1887; in receipts from
premiums, $50, 1912. The payment
for death claims has been S57 1881. 10
less than in 1893, but payments to pol
icy-holders Sly 1868 .15 more.
1t is worthy of note that the Ma
tional Life was one of the few compa-
MES that increased its surplus in 1898,
the gain in that year being 1890
For the year 1894 the gain is 1896, 1922.
The benefits OF life insurance are not
all deferred till death natures the pol
icy. During the troublous times OF
1893 the National Life loaned its policy
holders large sums of money against
the reserve value of their policies. Dur
ing the black week in Denver, Colo, in
the summer of that year, when, as one
applicant put it, one couldn't borrow
$40 in that city on 500 gold piece, the
company loaned its Denver policy
holders more than 81 900 on their poll
cies in sums from 500 to 81 200 in one
instance. During the past year the in
crease in loans on policies has been
over 100000. Its loans to its policy
holders, with their policies as collateral,
now exceed 100000.
The Insurance Herald of Louisville,
KY, reviewing the National Life's
statement, comes to reasonable con-
clusion when 1t says that it "may be
confidently predicted that it is one of
the best statements that will be made
by any company this year. Indeed, it
is remarkable that in year of such
general dizziness the company should
be able to show such substantial growth
and genuine betterment in all that af-
fects the vital points of life insurance"