The Birmingham age-herald., 1907-11-24
Great Western Report
Three Departments complinen+ o4 ficers and Condition of Kansas
 City Institution.

l iscohsih' Missouri and Kan, sas Insurance departments boy. ,,,-. completed an examination of The af
 fairs of tue Great Westarn r.s
 Kansas City, the report being decidea,v complimentary to the company uhio,, was incorporated on April II o4 .bts year with $1O0,O00 cash capital and which has written upwards of s25 mn. Ooo insurance Deputy Waite of th. | Wisconsin department in his renor+ says:
 With the advance preparations made l by the incorporators and their field of experienced field underwriters tba company entered $1045 ,OOO of insurance on their books the first day. and as matter of fact the real gain each month in their business, their assets and surplus and the amount of busi- ness written is certainly phenomenal and exceeds the record of any new in- surance enterprise on record. Thers seems to be no reason to doubt a brilliant career for this company.
 While considerable comment has been made (mostly by competitors) relative to the form of policy written, am satisfied after a careful examina- ton of the contracts issued by the company that they are not in violation Of any of the Wisconsin insurance laws unless it be disability clause, which l notified the company. in &C., | cordance with recent ruling of the Wisconsin insurance department must not be incorporated in the life policies. and they agreed to comply with the ruling forthwith.
 Forms of Policies.
 The exceedingly attractive policy issued by the Great Western Life was originated and conceived by o. l.. VanLandingham, president of the com pany, whom I consider an affable and througho out posted life insurance gen tleman, and I was pleased to make his acquaintance.
 The company writes but two forms or policies, nonparticipating and a guaranteed dividend contract No other forms are written, these covering the ordinary life, limited pay life and the endowment policy and while I am of l the opinion that the guaranteed divi- I dend contracts will likely take the It,Ia
 of other companies, it's premium rates are fully as large as any other com- l panies charge for such policies and arc amply sufficient to meet the guaran- tees. This guarantee dividend contract absolutely guarantees a stated annual i dividend, which can be taken annually in reduction of premiums or, if left with the company, the insured may at any time withdraw the same with 3h per cent interest added, or in case of death the face of the policy is paid with the additional unpaid dividends.
 While the company does not guar antee any too much for the premium charged, I candidly believe it exceed ingly fair to the insured. one that is 1 absolutely safe and one which must | appeal to the careful man or woman desiring safe and conservative life in- 1 surance.
 Reserve Deposited With State. The law of Missouri requires the necessary reserve to be deposited with l the superintendent of insurance or Missouri before the policies are issued ] and each and every contract must bo l signed by him before delivery, which makes tine poicyholder feel secure ard the solvency of the company appar- ently perpetual.
 The Missouri law also makes it neces- | 1 sary for companies to deposit their se- curities with the state insurance depart ment The company's statements | and books show rather large amount of money on deposit not drawing interest, which is due to the need of a large sum of ready cash to attend to their rapidly Il widening operations. Besides, the of- icials are taking the necessary time to find acceptable and profitable securities. l The officers fin charge of the matter, l however have promised to give this their prompt and careful attention
 The company requires it's agents to set- | tie Tor all pOucleS ueliNereu WitiiiH o | days from issue, and, as previously stated. | the company must deposit the necessary 1 reserve with the state department be- 1 fore a policy gets the superintendent i signature, establishing unprecedented se- curity on every policy issued, 1 The companys books show an accounr E with various banks in the several states where they are operating which helps to 1 give them prestige and standing or as l convenience. Written a Large Amount of Business. | The acquisition of the enormous amount | ! of business written in short time ! has been attended with rather a high rate of cost, but not exceeding that of other companies. The management. how ever, are looking carefully to this matter l now and the expense, commissions and | rates are being hel das low figure as | possible. The salaries of the officers l ! do not consider extravagant and the com pany cannot help but experience very | low rate of mortality for every FISK having been subject to so recent and care- ! ful a medical examination, and as a matter of fact out of the s2'oWoW or l insurance written not death has oc- l cured to this date.
 | As of Octnhar 21 tho condition Of the