The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1914-07-23
ISSUE $4,000 CERTIFICATES
Total BENEFITS Promised on These Ger
tifcates Over s65o,ooo, ooo-Figures
on Expenses in Handling Business of
Big Companies Show Reductions.

i
The report on life insurance in
Wisconsin for the year 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,S27, 876
and collected from policyholders and
members $13,948,066. The number of
death claims was 1878 in a total Of
S08,178 policies and certificates.
There is thus one policy or certificate
for every three persons out of the
100000 people in Wisconsin. Almost
one-half of the total, or 391,313 poll
cies, are the industrial ten cents a week
policies, which are written wholly in
cities and villages. The industrial
death claims numbered 1888 and
amounted to $349,785, against 1854,
678.41 paid by the policyholders.
100000 Fraternal Certificates.
Next in numerical importance to the
almost 100000 industrial policies are
the almost 100000 fraternal certificates.
The fraternal societies paid in death
claims 1881, 852, against $3,511,o68
collected from their members. The
number of death claims was 2,78S out
of 246,943 certificates.
The legal reserve life companies
paid 1875 death claims, amounting to
$2,206,032. They collected 81 ,667, 246 in
premium on LA 65s policies. In add
ton, the companies withdrawing from
the state paid $50 death claims,
amounting to $750,207 out of 1884
policies on which $1,174,S92 was paid
in premiums.
Promised Benefits Enormous.
The total benefits promised in Wis
consin policies and certificates at the
end of 1913 was $685., 261, 1863, or about
one-thirtieth of the total for the Unit
ed States. Of this, the fraternal certi-
icates promised nearly one-half, or
$308, 67S,7 89. The legal reserve com
panies follow with $24S ,492, 1888, to
which should be added the insurance
in the withdrawing companies, amount
ing to $47,671,299. The industrial poll
cities, almost half the number of the
100000 policies and certificates. amount
to $48,423,393, or less than one
thirteenth of the total amount of in
surance in force in the state.
The total number OF policies and
certificates in force in all companies
and societies doing business in the
state at the end of 1913 was 34,9S6, log
or approximately one to every three
persons in the United States. These
policies and certificates promise bene.
fits amounting to $21, 266, o22, 700. 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, livestock and other personal prop.
erty. According to .the census Of 1910
the value of all farm property was
SAC, 991 ,449 900, and the capital invest
ed IN manufacture was. SIS, ACC, 749, 900.
The total benefits paid by all com.
panies and societies during 1913 were
$402,323 .502.01 of which $210, 496, 376.56
was paid for death claims. There was
paid for expenses ands other purposes
than to policyholders for benefits
$142, sos, o4o73.
Figures on Expenses.
The life companies licensed in the
state in 1913 paid out $50, 422, 1925 for
expenses, as against $999, TAI, 1862
paid for death claims and total of
1901 1927 ,267.76 paid to policyholders.
The Withdrawing life companies paid
out for expenses $34,577, 549.17, as
against $55, 559, s27.98 paid in death
claims, and total of s143, 122, 412.o1
paid policyholders. The fraternal So
cieties paid in expenses $12,753, 1856. 81
against $50, 49,, 1926 paid in death
claims, and a total of $57 1873, S22. "a
paid policyholders.
The licensed legal reserve life com
panies paid in commission and agents
expenses s52,o51 ,349,54 and the with
drawing companies paid in commits
sions and expenses $1S,s89, 545.o7,
while the fraternal societies paid in
commissions and agency and deputy
expenses only $3,714, s86.24
The licensed legal reserve com
panies paid in taxes $6,277, 012.25, and
charged off for losses and depreciation
in assets $685., Ss1.91. The with