Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1914-07-18
REPORT ON STATE
LIFE INSURANCE
Companies Pay Out $5,827,876
During 1913.
1913 INDUSTRIAL POLICIES
According to the Statement One Out
Of Every Three Persons In Via
consln Has Some Sort
Of Protection.

Madison.-The report on life insur-
ance in Wisconsin for 1913, just made
by Insurance Commissioner Ekern,
shows that the life companies and fra
ternal societies during the year paid
death claims amounting to $5,827,876.
and collected from policyholders and
members S13,948,066. The number of
death claims was 1873 in a total of
80S.178 policies and certificates.
There is thue one policy of certih-
cate Tor every three persons out of the
100000 people in Wisconsin. Almost
one-half of the total, or 391 1913 poll
cies, are the industrial ten cents a
week policies, which are written
wholly in cities and villages The in
dustrial death claims numbered 1888
and amounted to $349,785, against ST.
594,67S.41 paid by the policyholders.
Next In numerical Importance to the
almost 100000 industrial policies are
the almost 100000 fraternal certifi-
Gates. The fraternal societies paid in
death claims $2,521.852, against 49,
511.068 collected from their members.
The number of death claims was 2,7S8
out of 246,943 certificates.
The legal reserve life companies
paid 1875 death claims, amounting to
$2,206,032. They collected 1857, 426
In premiums on 144.658 policies. In
addition, the companies withdrawing
from the state paid 356 death claims,
amounting to s750.207. out of 25,254
policies on which $1,174,S92 was paid
in premiums.
The total benefits promised In Wis
consin policies and certificates at the
end of 1913 was $653, 1851, 1853, or about
one-thirtieth of the total for the United
States. OF this, the fraternal certifi-
Gates promised nearly one-half, or
$308, 1913, 7S9. The legal reserve COM
panies follow with 248,492,SS to
which should be added the insurance
in the withdrawing companies, amount
ing to $47671 ,299. The industrial poll
cies, almost half the number of the
100000 policies and certificates,
amount to $4S,423,3 1893, or less than
one-thirteenth of the total amount of
insurance in force in the state.
The total number of policies and
certificates in force in all companies
and societies doing business in the
state ct the end of 1913 was 34,9S6,166,
or approximately one to every three
persons in the United States. These
policies and certificates promise bene-
fits amounting to $21,266, 022,790. This
is more than all the capital invested
in manufacture and more than half the
value of all farm property in the
United States, including land, build
ings, live stock and other personal
property. According to the census Of
1910 the value of all farm property
was $40.991, 449 ,090, and the capital in
vested in manufacture was SIS,
749, 1000
The total benefits paid by all com
panies and societies during 1913 were
$402 1928. 502.01. of which $210,496,
1856 was paid for death claims
The life companies licensed in the
state in 1913 paid out $S2.422, 7S9 20
for expenses, as against $99, TAI $3.50 80
paid for death claims and a total Of
$201 1927, 1876 paid to policyholders.
The Withdrawing life companies paid
out for expenses $34 577.549.17. as
against 1853, S279S paid in death
claims, and total of S143,122,4 1201
paid policyholders. The fraternal so
cieties paid in expenses S12,753. 1861,
against $50. 195, 1926 paid in death
claims, and total of $57,373.82224
paid policyholders.
The licensed legal reserve life com
panies paid in commissions and agents
expenses $52,051. 34954, and the with
drawing companies paid in commits
sions and expenses $1S,SS9, 545.07.
while the fraternal societies paid in
commissions and agency and deputy
expenses only S3.714,SS624.