Pine Bluff daily graphic., 1913-06-27
Some Adverse Conditions.

! crease Ol tue dlllOuut Ol pay HleHlS lOf
 policies that were lapsed, purchased
 or surrendered in 1912. compared with hte loss (about $3,600.000) of increase
 of the amount of payments for death
 claims, is indicative to some extent of misfortunes or other influences ad
 verse to poicyholders. in their own
 affairs, on account of which many
 families are to be deprived of benefits Millions of dollars have been paid | each year to the beneficiarieS of pol | icy holders who died after paying l first premiums for insurance; mil- 1 lions upon millions of dollars have not been paid to the dependents of policy holders who lapsed or surrendered their insurance Investments. Policies of millions of dollars
 worth of insurance were surrendered at the termination of tontine periods last year. The returns to the policy holders were in the nature of the results of investments of surplus earnings. but the accompanying with drawals of insurance protection were unfortunate proceedings in the lgh; Of experience.
 I The surrender of an insurance poi icy is termed selection against tle { company. More so is it adverse to l dependents.
 A policy holders is not subject to i taxation on the amount of the surrcll~ l der value of his policy until he elects to abandon his insurance. Then the claim for the value is taxable as per scnal property. An official opinion on that subject was filed recently. Increase of Payments of Savings Pclicyholders continued to receive large amounts in the form of savings derived from interest, favorable nor management. The companies men toned distributed the savings to the amount of $SS, ,354 .000 last year, in comparison with $SO .0o0 in 1911, or an increase of SS259.o .o00 As in previous years, millions of dollars of savings were applied for the purchasel insurance carried.
 fThe amount of payments of savings exceeded by more than $4,350,00 the amount of the disbursements for lapsed surrendered and purchased policies You must hold on to win, now takes the place of the oldtime saying. you must die to win.'
 In addition to $SS,334 .00O of savings paid in 1912 more than S94 4,6S2.000 wa sset aside to cover savings deciar ed or appropriated for payment in 1913 Other savings in 1912 to the credit of policyholders, but not paid. including those left on deposit. amounted to $12,3521 000. The sum to the credit of the holders of policies | that had deferred accommodations ot savings at the close of the year was | $2S9 404 ,000, an increase of nearly 1 9,330 ,O00.
 Larger Volume Oi Policy Loans. Borrowing on life insurance in creased ill volume in 1912. The amount of the increase of outstanding
 Hans was $43,243.000, against an in
 cease of S40,949,o0o in 1911. The
 policy liens at the close of the year
 amounted to $525,5S9.o0o In other
 words. that vast sum had been with I drawn in the course of years in an
 ticipation of settlements under the | contracts.
 The loans obtained by the borrow
 CTS must be paid a tthe convenience
 of the policyholders or deducted from
 the proceeds of endowment policies at
 the periods of maturity or from other
 policies at the periods of death. Ii
 deducted from death claims so much the worse for beneficiaries.
 In several instances of large pay ments business interests were pro- tected by life insurance disburse- ments last year. Such protection was sought to large extent in the course of the year, as in 1910 and 1911, when the development of that branch Of the life insurance business arose from ac- tive efforts. The tendency at present is to be conservative in issuing poli cies Of large amounts.
 The wide-s spreading movement for the conservation of health and the prolongation of human life and the discussion of eugenics continued to be interesting To d sentimental req son for the presentation of life in- surance policy to a bride has been ad- ded the prictical reason for the eX- hibition of it to clergyman previous to the wedding. Medical examinations