The Birmingham age-herald., 1913-06-25
INSURANCE PAID
DURING LAST YEAR
Detailed Figures on Death
Death Claims in Alabama
TOTAL FOR NATION
Slight Increase Shown in Borrowing
on Policies During Year-List
of Largest Payments in
Unified States


ments in the two countries for death
claims matured endowments and other
benefits under the policies of level pre-
MUM companies and the certificates of
various life insurance organizations-as-
sessment and the lilSe-amounted to $fl3,-
35o0O0. The estimated total of the amounts
paid by regular companies as savings for
policyholders, cash values on surrender,
annuities, and on claims in foreign coun-
tries was $213,000,000
Summation of life insurance payments
of all kinds in 1872:
Claims paid in the United States
and Canada .....................si il3,jJo,oVo
Payments for premium savings
and surrender values, and TO
annuitants and foreign policy
holders (partly estimated) -. 213,000,000
Grand total ......................s .s52b' 55o,ooo
Benefits Increased
All benefits under policies-death claims,
endowments, savings-in the transactions
of the regular companies increased in
1872 The life insurance written and re-
vived in the United States, by the regular
companies alone. was nearly S3,233, ,OOo, GOO
or about 1856. go more than in 1911. 1 he
statistics of fraternal insurance associa-
tions continued to indicate the effects cf
the descriptions of organizations ana de-
creases of memberships.
Borrowings on life insurance increased
in volume in 1912. The amount of the in
crease of outstanding loans was -43,243,y0
against AN increase of $40 949, 900 in 1911
The policy liens Il the close of the year
amounted to $525, $4,000 In other words.
that vast sum had been Withdrawn in
the course of years in anticipation of set
Elements under the contracts.
The loans obtained py the borrowers
must be paid at the convenience of the
poicyholders or deducted from the pro-
ceeds of endowment policies at the pc
riods of maturity or from other policies
at periods of death. If deducted from
death claims SO much the worse for bene-
ficiaries
In several instances of large payments
business interests We're protected by life
insurance disbursements last year. Suon
protection was sought to a large extent
in the course of the year. as in 1910 and
1911, when the development of that branch
of the insurance business arose from ac-
tive efforts. The tendency at present is
to be conservative in issuing policies OF
large amounts.
Largest Policies Paid
Policies paid during 1912 of 100000 or
more were rs follows:
Charles Silverson New Tim, MINI. .$412. .403
Thomas T. Reid, Montclair, n. J. 350.oo0
James Hanley. Providence, r. t.. 303, 800
Edward A. Trainer, Philadelphia,
Pa. ACKNOWLEDGEMENTS. sol 125
Charles r. KountZe. Denver. Col. 293, 2S3
Robert Nunnemacher, Milwaukee,
Wis. Observation-Disclosures. 2le, l3,
Edward Richard Perkins, East
Orange, N. }. OBSERVATION-DISCLOSURES. 2i3.'h2
Jacob Bauer. Chicago, III. ......... 231 ,050
Edward Slender, New York City 226, 49,
Bryan II. Smith. Brooklyn. n. Y. 220,S.7
Thomas S. Hayden, Denver, Col. 209 ,044
John Meigs, Pottstown. Pa. ...... 2O5, 65
II. Broesel. Bolton Landing, N. Y. 200,.00
James T. Pyle. Morristown. N j.. 2o0,oL0
Baltimore. Md. NEUTRALITY-SUSPICIOUS.. 3,411 ,s395
Payments in the 10 leading cities were
as follows
New York Manhattan, Brook
lyn. The Bronx, N. Y............ s31 s39, ,o25
Chicago, Ill. ....................... II 1,92e,950
Pittsburg, Pa Observation-Disclosures. 3723. GIG
st. Louis. Mo. ..................... 1926. .669
Philadelphia, Pa. .................. II 053. .000
Boston, Mass. OBSERVATION-DISCLOSURES. 1159.3SO
Cincinnati. Ohio .................. 2,974 $50
Newark, n. j. .................... ISIS 600
San Francisco. Cal. ......,........ 2,5SS, 80
Large Payments in Alabama
Policies of $4,000 or over paid in Ala
bama were as follows:
AMANDA
"A. Il. Ialuln .............-..... 4ll,UUU
ApNISTON
Latham r. Winn .................... II 900
BAY MINETTE
Mary 7. Hamilton .................. 13, 900
BIRMINGHAM
Joseph Lownsohn ................... 26.s25
John S. Marks ......................... Il, O0Q
BUTLER
August G. Winkler .................... 1900
DEMOPOLIS
Toby Ely ............................ 10, 800
William Morris Observation-Disclosures. 14,o0o
DOTHAN
George Leslie Observation-Disclosures. 40,1oo