Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-12-19
ANOTHER BIG YEAR FOR
LOCAL INSURANCE COMPANY

AS the year 1908 draws to a. close and
the results of the years business ara
made known the officials of the Bene-
fetal Life Insurance company have
abundant cause for qualification. Since
the organization OF this com pany each
succeeding year has seen very salts
factory increase i'll business. Not
withstanding this fact and even con-
sidering that tho present year was eN-
pected to show big Increase in bust
ness, the officials themselves have been
surprised at the excellent showing
made. The success of this enterprise
must be of interest to all local people
as the Beneficial Life Insurance COM
pany was organized by local business
men and through the policy of invest
ing all money at home has performed
splendid service by encouraging AM
fostering local industries. Usually
when money is paid in TO life insur-,
ance companies it is sent to the eastern
offices and there used by capitalists ana
but very little is invested in the 10
cality III which the policyhulder lives
The idea behind the Beneficial Lie In
surance company Is to furnish safe life
insurance to the people and by Invest
ing the money at home help to build
UP home enterprises.
With this idea to guide them the Of
ficials of the company have proceeded
along conservative lines and through
the support of the people have sue
ceedcd in building up business WHICH
is now a very important factor in the
local business world AS stated above
each succeeding year has been marked
by substantial increase in business
and last year the Beneficial did a
greater volume of business on regular
contracts than any other company do
ing business. with one exception. This
exception was one of the oldest insut-
ance companies and had the advantage
of being well established.
Reports received so far indicate that
the business done this year will even
exceed the remarkable showing of 1907.
This is evidence that the policies of tho
beneficial" are approved by local pco-
pie and that the fact that the policy
holder is at all times in close touch
with the officials of the company is APP
prcciated. When this company first
fined to Utah and southern Idaho but
gradually the field is being enlarged
and policies are now being written IN
all parts of Idaho, Wyoming. Colorado,
Arizona, Nevada and adjoining states.
The money received from these policy
holders is invested here in the west
where the direct BENEFITS will be great
estH loi LIE PeopiS "ilo pul up 4tue
money.
The men who are officials Of this
company are all well known and policy
holders naturally have the greatest of
confidence in them. President Joseph
F, Smith has been ut the head of this
company. as It's president since its Or.
ganization. The other officers OF The
company are as follows: Gov. John
C. Cutler is first vice president: Lo-
reno n, Stohl Is second Vice president,
John Stringham is secretary and gen.
eral manager, N. G. Stringham is as
sistant secretary, Joseph Nelson /:
treasurer and Richard W. Young, colln-
sci. Besides these officers board OF
directors. auditing committee and .
| medical staff form the body which ii.
reefs the policies of the business. The
members OF the different committees
are all representative business men
every one of whom is highly respected
among his associates.