The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-12-05
New Features in Life Insurance


The year 1910 has witnessed many re-
markabe happenings in the life insur
|Rncc business. y noticeable feature has
been the large number of policies sold
TO corporations as protection against
loss Uy' the death OF partners or cxccu-
.tNcs. Many OF the life agents through
/ out the country have specialized on this
|1onture of commercial life insurance. and
Las Il result have rcapcd q rich harvest
ia commissions. Stewart Anderson of the
/ Massachusetts Mutual Life in a review
or his business for the year, names
thirty commercial firms which are paying
.prcmiums Cor policies on the lives OF
Essential members of their organizations
Die says Il corporation insurcs the life
OF the officer upon whom its banking
or other credit rests. His sudden death
might impair the credit OF the bust
ness as 10 force into bankruptcy. Life
Insurance. IL is argued. would imnedi-
atcly produce the cash With which to
i -tidc over the emergency. Another illus
|tration IS offered i'm the case OF cor
porstion contemplating the issuing Of
bonds The death OF ono man might so
disrupt the organization that in the event
of liquidation the cash realized would
fall far short Of redemption OF tile bonds
Yin full. An endowment policy on the
5]ife Of this one man for the amount Of
|thc bond issue and for the express pur-
pose OF safeguarding buyers Of bonds
would place the corporation in posses
4 sion OF enough ready money In the event
Eef dcath 10 redeem the bonds at once
Rates TO Be Increased.
Representatives of the National Fra
|ternal Congress and the Associated Fra
|tcrnities. who have been working with
|thc Insurance commissioners ut The Vsri
bus states for a uniform fratcrnal bill.
|mct in Chicago last week and passed
.upon the main points ur the measure 10
.bc submitted To the state legislatures
[ncSt year Tic result Of the confer
renee clearly shows that holders OF as
|scssncnt certificates. said TO number
more Than two millions. will be called
f..Exs nav
\ hig hcr price for their Insurance If they
want il continued. lii Il published inter
|ricw G. H. Robinson. secretary OF lhc
|tc,nnittcc. said: In many WHY'S this
4 IS The most radical and stringent bill for
|th6 co0tlul OF tuc irat"rnai societies ever
drawn. They must show u higher Nalu-
|ation Of certificates. and aboni three,
fourths of the societies viii hc forced
10 Increase the contributions from their
tnciuhcrs in order to accumulate tie re
.u,pred reserve.
Regarding Accident Policies
st q conference laS: veclS between
tthc Insurance Departments of New YORK
Faud Massachusetts. several questions
frrnic up respecting the now laws OF Dotl
siatcs which 20 into effect January ]
FrcNt. lhc purpose "f which is to regu~
tiusur1nc@ policies. Regarding the re-
iewal OF contracts ISSUED before That
|JJtc 1u@ which lave $50 provision Civ
fiuc ;.,o Insured tic right to rene" ny
\ was decided that although IT. Is a close
tnncYtiou phcthor or not these so-raIled
[1cncYillS arr, not technically new policies
tcalue for tho use of now ones aS pre-
|ycrbcd nv law. vet. Ia view uf tho prac-
.l:caI diftl,ulticS ~ the way apd W" lnSH
|,shyl might result tu policy holders In"
|bcncfil ~ the Doubt Shvuli D" SiN@h "n
Ettc present method "i renewals, it,in
.';,:y rjIY,h"r question IriSius be left 10 the
|cu,!rts ur To further legislation. rus
|tccans tlla' thcrc VIII hc no interlercncc
4 ~ ti1fs n
[r.;h thc renewal oi policies nov III force.
cr ;l,osc Issued prior tn rcccmtcr 81.
.,IIow.vcr policies issued D1d"r the new
|laN must have . renewal provision,
n. One E%pcrjoncc Enough.
IN \ ccr'a:' pU,clman. owner ot a small
|;,rainst loss ty fire or cSou. although ~
|i,sd hccu built for considerably loss. The
rluurc burned ono night gud the Dutch
|s,au nut il Il claim for full amount carly
tim next morning.
IA Tic olli,ors of shc insurance company
IraturaiIy refused 10 pay 'morc than tl,c
|;'"tpal valu" "l the h"us". a7"pt S6"'.
|sfc EXPRESSED hi,. dissatisfaction in poW-
LrrfuI hrnl.cu English. intcrlurding his
,s'cu9rl.s viz, some very choice Tcutcn':
fcSuci,yc=.
lo rer'y M,c a=ent for The INSURANCE
fwiu build YOU iOrger and better house
a,han Tho ono burned. NJ sc ave pnS'tiN"
lit can rc do~c for les" than $500.
I.
"rie@t"d. and ~ last Was
lfnnp"IIcd ia talk" lhc $500. Some veelt'
\ 3afi,r n" -had accepted fh. money "e Mas
lcacd upon hr lii" insurance agent
7vl,n wanted Rim Z" take policy Oh his
lw;r.
/ III you insure ycur wife for 10000. "
\ iic agent said among "ihcr arguments
Y ''onJ ~hc should die. yom would haze
II $ga"n 10 sula"v your heart.
i "r,onner and hli,zrn." "jaculs ted the
lDu;chman. you Insurance iclIcrS, is al
Efirfs If | insure mine vic und mine
fyifc Jie% und ] goes to der oiiic" 4" EcJ
niue money do I get alI der money:
! N.er uieu. You will say 30 me. she
'Iyas not wort ;n" th"usand d"llars-shc
i Icon'd lik" der ninety dollars =" viii rif
tsou bigger und better vic. f,"- .
clsnsr.
II Heirs of Jurist in Court
4 bill "r intcrpl"aG"r WAS Filed in the
'Nsnporin5 court of Chica=" last week by
fse9oo on - lir" polio, carried by The late
IChiet Justice Melville W. Fuller Of the
'nitc'l Sint"- supr"rn" court Heirs "i
nIthc Distinguished jurlst arc named as dc
III IfcnJaut. Mrs Maud Enllcr Hcllus. =
v doueht"r bv his first wife: and Archibald
TIE. Brown. husband Of Mrs. Grace Weston
lFHllpr Brown. who "laims the money Il.
fihc h"ir uf his sou. Melville Fuller Erc~u,
lroncsTniu:: tho policy arc as follows;
EJustire Fuller tool, out the policy in
lMnrch. lSG1. \, the tim" Of the great
1ChicaGo fire MIR. Full"r was living IL Chi
Icogu and th" policy. with other docu-
lmnuts and personal effects Of his, wcrc
Eburned UP. The original policy, II is
Iclaimcd was written i'm favor or his
'lfirst wife and his children if they sur
EyivcJ him. Copies of policies were not
xlkcpt 10y companies as j. tho custom now
= <lnnd in asking for duplicate contract
vIlusticc Fuller made Am affidavit tc
0thc character OF the policy and Il new ono
lwas made out la his heirs. The dispute
lnow is as To the rights Of the childrcr
II IN tho policy and in order 10 have tho
plmHtt"T proucrls determined and admdl.
icai"J the New York Life company hus
" fIpod the money into court.
n Newspaper Insurance Scheme,
- II - no; generally known that the late
(fir George kepn.s. founder of Tit EitS
(ihr Strand and other English publica-
= Ifions. and n member Of the British house
sIof parliament, representing the Swansea