The Houma courier. (Houma, La.) 1878-1939, 1900-01-13
Lnn INsURANcE.
a. A iea of the VgoRld .
eet Perhaps

Get Perhaps
8eo,g0o
e have published para
erapi that the prince Of
Waie about s 100000, 900,
g PORTO rance being for the
bene and much larger
portion persons neither re-
lated 70 having any interest
whatever Ewing. Prof. a. 4. Bar
yeys the actuargy who Is
RuthoTii such matters considers
the stat 5icRlous, and partie-
ularly th SD m Prince Albert s. in
sured for 81 people who have
no ilsufs1 in him.
igp rs years ago the prac-
tiee 81 1t insurance on the
lives eens and others in
autho here was no possible
insuFa obtained to great
exteu professor when his
attenion ed to the paragraph.
"The pFae became SO general, scan-
dal6us nd that in 1774 parIia-
msnt statute Ga Geo, 3, c.
.&8 pfohb absolutely all insur-
enca in h ere was no interest
to tbs aeaea the lie Of the prin-
eips the aets ana prohibiting
the paynaeH money under a policy
written to debt beyond the
actual sum This law against
wager or ga ihg policies was fol-
lowed upin and Germany and
in most Of states of this country
and has sine been rigidly enforced
eYerywher
The amount life Insurance carried
by the prince Wales has never been
made public and Is probably known to
only a few psap3e 1t is evident, how
ever, that th t6 is not one-tenth Of
the spm nam the paragraph re-
ferEed 10 most heavily insured
man il che States Is ex-Post.
master Ge John Wanamaker, oil
Philad deiph hid his insurance
amounts % s. .o25,oOO, The word
only" app are because of the com
paTison wi 100000, or, to be more
aceur 5000, according to the
/ present marss value here of 10000,
600. At ing Of the National Life
i JInderwFi 6eiation in Philadel
/ phia four eaf 90 Mr.. Wanamalzel
stated that oas 81 the first things HI
! did after becoming OF age was to in
sure his e hen Mr.. Wanamakel
j addressed he sociation his life in
suranee alno to S1,525 900, and al
/ but $50 GOO taken after he wa
+ =
i so years 6f
Ace9R eastern insurane
!. i1urnsg tthe aa9 u hfe lae
4 which can be secured upon q single III
among the United States companie
foots up $2,6OO,O00." The paper. give
a tabulated list of AZ old line companie
and what puTports to be the limit o
each. The figures are correct in tn
main, but there are some bad errors il
the list
Some OF the companies insure TO
more than the amounts credited t
them, but in every such case the com
pany reinsures a portion of the risl
The figures ia The table represent th
limits without such reinsurance. o
course, there could be no reinsuranc
4 on person that took the limit IN ever
company. Legal reserve and sttpulate
premium companies that are not usual
classed as old liners are omitted froI
the table, as also assessment compaI
les, fraternal organizations and gevera
industrial companies that write yer
little, if any, ordinary life Insurance.
Accident companies that pay deaf
claims, but do not write ordinary lii
insurance, are likewise omitted. Ii
cluding all these, the total life insul
ance that a person could get in th
United States would probably still ia
below S3,0OO,0OO. There are about 81
life insurance companies in the worl,
not counting American companie
Very few of them insure for as muc
as S25,OOO and the average is not ha
that sum, but supposing it were $50, 90
the total would be only $sOOO,0o
which, added to the American tota
would still make only about one-fft
: the sum the prince of Wales is repor
ed to be insured for.--St. Louis Glob
e DphnOcra}