El Paso herald. (El Paso, Tex.) 1901-1931, 1912-06-27
S5s2,64O,OOO
All Benefits Increased.


All Benefits Increased.
All benefits under policies-death
claims, endowments, dividends-in the
transactions Of regular 4ife insurance
companies, increased IN 1911 The
amount of insurance written and re-
vived. by the regular companies alone,
\ was nearly S3,OO0,OOO,OOO, or about
S4eO, 0O0. 600 more than in 1910.
Something of an index to the general
business conditions Of the country is
the amount CT life insurance that is
surrendered or allowed to lapse. The
disbursements in 1911 of the companies
that report to the New York insurance
department for lapsed. surrendered and
purchased policies reached $l5,i1O,OO9,
an increase of S2,S5S, 000 over 1910. Ihls
compares with a decrease Of $1S4, 900
in 1910. an increase of $3.059. 600 in 1909
and an increase of S14,543, 900 IN 1SOS.
More persons found il necessary to let
go of their life insurance policies IN
1911 than in 1910.
Heavy Increase of Dividends.
Last year was remarkable for large
distributions to policyholders in the
form Of dividends. The New York re-
ports show that SSO,095, 600 were dis
tributed in dividends against $72.S75.-
600 in 1910, an increase of $1.22O,0OO-
Millions of dollars of dividends were
applied for the purchase of annultleS
and paid up additions to insurance car
ried- In two years more than Sl0z,-
to policyholders by the life insurance
companies whose annual statements
are filed with the New York insurance
department.
In addition to the more than $50
900, 600 paid in dividends in 1911, the
large sum of SSAS97,0O0 was set aside
to cover dividends declared or appor-
toned for payment in 1912
Policy Loans Smaller.
Borrowing on LIE insurance oc-
CURED in smaller volume in 1911 than
in 1910. On a larger amount OF lnsur-
aIlce in force the loans on policies IN
creased only S4O.949. 900, against an in
crease in 1910 of S44, 100000. The use
of insurance policies as collateral for
loans negotiated with insurance COM
panies was gretest in 1907. IN when
single year the policy loan account IN
creased So, 5S7. 900. Loan liens at close
of 1911 amounted to S4S2,S45,OOO-
OF the S4S2.345,O0O of policy loans
outstanding on December 81 1911,
S2T5,629.00O was incurred In the six
year period 19O7-1911, both inclusive:
S206.716,OO0 was incurred prior TO 1906
Many New Companies.
Twenty-Five new life insurance COM
panies began business in the United
States in 1911 against % in 1910. In
the two years. 191O-1911, Texas pro-
duced eight new companies. Illinois six,
Oklahoma, four California three, Mich
igan three, Ohio three. Arkansas Col
nesOta. Pennsylvania. Washington. and
Wisconsin produced two each. Flori-
da. Idaho, Kentucky. Missouri, Montana
Nebraska. North Dakota, Utah and Nir-
ginia produced one each.
Big Policies Paid.
Payments of S100, 900 or more on sim
gle lives were recorded in numerous
instances in 1911.
The largest insurance payment dur
ing the year was in New Orleans.
Frank T. Howard a man of large
wealth, carried life insurance policies
amounting to S720,2SS at the time OF
his death.
The list of the ten large assurances
matured in 1911 contains the names of
the following:
Frank T. Howard, New Orleans,
La. ..-----.--.-.. ----.-S l2O, 2SS
Samuel c. Lawrence, Medford,
Edward Foerderer, Philadel-
phia, Pa. .................... 1000
W. G. ROdker, New York City. 325,S 4l
Paul Morton, New York City. 3O1, SI4
Samuel Woolner. Peoria, III. 2S6 267
Gustav Z. Kissel, MOrristown,
N = -.-----.-- 20, 900
George D. Webb, Worcester.
Mass =. ...---.-....---... 266,037
Walter B. Duffy, Rochester.
Jacob Weidmann, Paterson.
n. J. ACCOMPLISHMENTS. 226.157
The Biggest in Texas.