Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1914-06-04


Payments for premium saw
ings and surrender val
ues. and 10 annuitants,
and III foreign countries 22S,25O DOC
Grand total ....... S646, 800, 00O
For the transactions cf the regular
companies M the course vi the year H.
crcascs oi the amounts uf the pay
mcnts OF all bencftS-death claims. en-
dowmrniS. premium SatIngS-aprcarrtl
i'm the policy record. The increases
amounted 10 millions hut the percent
ages were less than those noted for
1912. For the policy loan account the
experience WAS unfayorablc. because Il
scaused reduction OF insurance prafrr-
tion. bat for She account ~ surrender
ed policies a cash values II WAS more
favorable. compared with 1912.
The a%garrgaic Of life insurance writ
ten and revived IN the United States
by the regular companies was almost
$1,000. NM. ntW. the increase amounting
to about %152. 100000. The effects ~
the efforts of fratcrnal insurance. or
ganizations 90 get on u sound basis. as
defined by new laws for adequate rates
Of assessments and the establishment
of reserves. were indicated hv the sta
~tistics of decreases OF memberships and
the descriptions Of wcaq association.
In Canada the transactions 81 the
companies Of the dominion and the
commands of the United States with
Canadian agencies increased moderate
Nv in volume for new business. The dis
trihuiions of prensum savings were Tor
liberal amounts. and the payments for
death claims and maturcd cndowmcntS
were IN excess Of those M 1912.
The general conditions Of other lines
of large business transactions ~ the
United States were Indicated by GER
tain records of life insurance business.
notably the record OF policy loans. IN
interesting record was that uf the pay
mcnts Of cash values Of surrendered
and purchased pnlicirS-nolicicS that
the holders gave M after paying pre-
miumS during periods sufficient IN cN-
tent for lhe establishment NJ reserve,
for large amounts.
The disbursements for surrendered
and purchased policies by comuamrs
that have had ~ recent years - per
cent If the life Insurance business IN
the United States amounted last year
to SS7 ..3J0.OOG. an mcrcaSc az about -.
35O 600 ovcr the amount m lHl2. Foi
1919 IN, increase was about $500. irN
showed decrease Co the amount Of ~iS1..
1911. - S,3.nOO. For 1910 the record
600 although II had ~S3.ol9.tHh for i'm
crease I'M 1909 and ~li.5i3.0nh M inu~.
I'm recent wears the efforts Of office
executives and field agents have been
strenuous IN diScnuraging the surrcn-
der of life insurance policies and the
disrupiion of protection. and the rec
ords have indicated that the arguments
were impressive. Considering the IN.
crease If only S3.350.0OO for policy sur
~rcn,ler accounts in 1913. the incrcaS,
or $500. O0O In 1912 "a difference 81
IL M00nnOl and the cmharraSsmentS ~
general business last year, with tie
hirh cost of living. decrease OF The
earning power ~ labor and iiFrsirt.
capital and the sacrifice and sccuri
lies and manufactured products. the
natural Inference would hr that thou
sands of the mrmlers of life insurance
ORGANIZATIONS when under the Strair
resisted the impulse 20 surrender then
policv contracts and O. the cash val
nso I'm the record of S~urIenicrS wrrt
policies for millions of dollars of m
surancc that holders closed ont az tn
tcrmination If lontinc periods
I'm 1912 nearly liSnoO policies toi
moro than S276.nnn.nn0 insurance were
surrendered 20 the companies referred
In i'm the foregoing paragraphs The rec
or,j for 1913 i not available ~ Insur
oner department AZ present. To snW,
.vtent the record for pDlicv loans has
bc.u increased in recent years by polio
boljrrs who did not surrender then
nolicies. but did borrow from the re-
serves. v,
The record &c the payments Tor deatf
claims and maiured cniowmcnss las
xaar IN the comnanlcS that bad - pet
cent of the business showed increase