The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1914-06-04
NouR c%nILDRENs MONEY.

- IN hundred and f0fty-siN millions
ct dollars were distributed by
ufc Insurance companies Iu tho
United states aud Canada last year
in policies paid. annuitlcs and hcuo-
nts. % sum fairly stApering boz ~ i'm
m"nsity and bringing home to us Just
h"w mighty a force Insurance upon
100. has become In this nation. Every
line Of the annual summary Of life
i%uHurancc business printed in the
Herald yestordoy Was throbhing with.
Interest. telling ~ Il aid Of the sue
ccssfui efforts oi man> thousands Of
men 10 mabc proper provision FOR
ne future Of their families 10y means
uf this mighty beneficial business In
Htitution.
Their" was one feature OF tho state
mcut, ha3ever which was discourag-
ing. and 70 which attention has been
called Frequently hy the life iusur-
and chiefs 81 The nation. This Is
the steadily iDcrcnsing practice Ut
borrowing upon the lie insurance
policy. The percentage Ut increase la
policy loans during 1913 was the
sreaiest since the loan value was
made patt Of the life insurance pol
icy. u was SO great as TO call the
association Of life insurance presi-
dents into special convention To sock
ways and means for checking the
evil That Il is an unmitigntcd evil
no one can doubt. Life insurance as
On .aa.aa.-.s ... ..N -a-.H ID.
not desirable. The savings bank paws
~ tsbtper rae OF AtereA generally,
itAas The ms'ney II hlwnN available.
if'' van ~ IL. wh5le prtr1iurht paid In cor
rr Rs NsuranSn gF yoplf available in
EV lhrouga .n9 Rplicy'a loan clause,
The principal o1iect OF nic insurance
u 10 provide protection for tho fu-
threrfor tbsse dependent upon us.
and shen .Se borrow money on the
lin' lis6tAnoe W. simply borrow from
onr wives aud children worse than
tnnt We borrow from their future
livelihood.
Tho average American father. en-
trusted wth -. 0pO IN trust for IN,
mid of "a friend. would no NOR,
think az using any part Of that $4,000
Tor his personal needs than he would
think of cutting of his right hand
Yet that ramc American father
crowded a little In his business needs
or looking about Tor funds with whict
to take n nier in some chance In.
vcstnent. will borrow ON his life lu.
surnnce policy nine times out uf tea
and Ia so duiug he uses money ded
icated 40 the care ana protection o
his own children. sholid they De ler
without u bread winner.
WIN the average Insured man hii
policy h. his first refuge Ia time oi
financial stress. when It should be
his very last resort
An interesting feature 81 the dis
,ussion Of policy loans by the report
referred to - that the practice b
much more general ln the west thar
IN the east. whereas the perccutsg'
a. policy loans boz New England b
lesr than D. pcr cent. BE- ID ls Boz th'
Mississippi valley states, go per cen
in the Rocky mountain region au'
30 per cent 90 the Pacific coast ~
are less conservative Of course W
rather pride ourselves on that. bu
this 10 evidence that we In the WEES
arr also les careful and thoughtm
for our loved ones than are the me.
Of New England,
The man who horrows on his go
Insurance policy seldom D. ever pay
the loan. Il Is the first resource q
taps ana the lass a. which he re-
stores the cash when money b pien
uful.
u does seem the situation snoul
bee exactly the reverse and p%rohabi'
IL we stopped 20 thins about iu.
what the Insurance police means.
would be reversed.
TIKI SILENT Bull.