Bisbee daily review., 1914-06-03

Grand Total ..................... ssis55OoOo
 For the transactions of the regular companies the the year increases of the amounts of the pay ments of all benehts-deah claims, endowments, prem um sayngs-appesred in the policy The amounted millions of dollars but the percentages less those noted for 1912 For the policy loan ac count the experience unavorabe it caused reduction of protection but the of surrendered policies at cash values 1t was favor able compared with 1912.
 The aggregate of the life Insurance written and re- vved in the United States by the regular companies almost S3S6O 100000 the amounting to about S52OOOOOO The effects of the efforts of fraerna insur ance organizations to get on basis, defined by laws for adequate rates Of and the tabshment of reserves indicated by the statistics decreases memberships the disruptons of associations.
 The general conditions lines Of large business transactions in United indicated by tain records of Che life business notably by the record of policy loans. An interesting record that of the payments surrendered and purchased policies policies that the holders up aft CT paying premiums during periods sufficient in extent for the establishment Of reserves for large
 The disbursements for surrendered purchased pol by companies that have had in recent years 95 cent of the life insurance business in the United amounted year to sS735OOOO increase of about S835OOOO over the amount in 1912 For 1912 the in- crease was about sS3OoOOo; 1s11 S2853oOO For 1910 the record showed decrease to of $lSzOOO al though it had s8O59ooO for increase in 1909 s14 543OOO in 1908
 In recent years the efforts of office executives and field fin render of life insurance pociea and the disruption protection and records have indicated that the gumeuts were impressive Consider the increase of only S335OOOO policy surrender accounts in 1913, the in crease of SS8OOOOO in 1912 Ca difference $5OOoOOO the endorsements in general business last year with the high of living, decrease of the earning pow CT of and invested capital and the sacrifice of curues and manufactured products the natural infer be that thousands of the members of life in surance organizations when under the resisted the impulse their policy and the cash values TH the record of surrenders policies for millions dollars of insurance that holders closed out at the termination of tontne periods.
 In 1912 nearly l4sOOO policies for than s276. 900 900 insurance were surrendered the companies erred to in the foregoing paragraphs The record for 1913 available in insurance departments at pres ent To some extent the record for policy loans has been increased years by pocyholders who did not surrender their policies but did from the reserves
 The unfavorable feature of the transactions in all parts of the United the extent of the app cations for loans life policies The amount of the increase the outstanding account the close year s6s725OOO against increase of $43244OOO for 1912 a difference of nearly S2O5oOoOO
 Since 1906 this review of the distribution of life in- surance money has mentioned the applications for loans on policies as indications of the fluctuations of business conditions The of the policy loan account have been 1906 s872SoOoo l9o7 s725sOOOo 1908 s55. 27OOOo; 1909, s849aoOOo 1910, s446OOOOOi 1911, sn, oOooOo 1912 843244OOO 1913, S63725OOO The dis
 rbance general business caused the increase of pol icy loans in 19O7 the adverse condition of general busi ness in 1913 was indicated by the increase of policy loans in 1913
 The policy loan account of companies was the sub iect of special examination and analysis by the Assoca ton of Life Presidents last and consid erable period of the proceedings the annual meeting was devoted the exposions of the increase of loans year after year and suggestions for remedial action compilation of statistics showed tha the ratio of policy loans and premium notes to policy reserves had in creased from 2s per in 1892 to 1908 cent r 1912 From a ratio lO76 per cent in 1906 to that o l3l5 per cent in 1907 Che largest increase in th' period of 20 years. During Che period lSsS1oi2 th' amount of policy Increased each year fin only on' year a9l2) was decrease of tho ratio of loans Co re serves noted.
 An expression of opinion on Che results of the anal yss of reports by the stauscians of the Association fife Insurance Presidents was. Under present D0hc provisions times of financial strngency lead to the de suction of a vast amount of insurance by placing oa . eucumbranccs on policies which arc never removed"