The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1914-06-03
SIX HUNDRE
MILLION IN
INSURANCE
PAYMENTS
Enormous Total of Claims and
Benefits Paid in United
States and Canada in 1913,
$646, $500
INCREASE OF M
SAVINGS Is SHOWN
Worst Feature of an Other
wise Favorable Situation Is
Increase in Practice of Dor.
rowing on Policies.

AhSA NhsN Al AhNtA@N Va OVA
rowing on Policies.
New York. June 3.-Lifc insurance
organization OF tho United states
ana Canada distributed S6fG. 500. 900
in 1919, a%Ccording Co computations
by the Insurance Press. The pay-
ments In the two countries for death
claims, matured cndowments and
other benefits under the policies Of
lcyS premium companies and the
certificates Of othor life Insurance
organizations on tho assessment basis
amounted 20 S41s.3o 900. For pre-
MUM savings that experience per-
mitted, for cash values OF policies
that were surrendered and purchas-
ed, Tor anuuities under contracts and
20 foreign countries the regular COM
pdnics Of the United States and Can
ada paid amounts, estimated ia part.
that aggregated t22S, 200. GOO.
summation of life Insurance pay
ments OF all kinds IA 1919:
Claims paid in The United
States and Canada ans. 800. 600
Payments for premium
savings and surrender
values, and 10 aunul-
tnnts, and la ureigu
countries ............ 22S. 2JO.O 900
Grand total .SG4G.55U, uOO
For the transactions OF the regular
companies Ia the course of the year
increases of the amounts OF the pay
mcnts OF all benefts-deuth claims.
cndowmeuts. premium sayings-ap-
peared in the policy record. The in
%creascs amounted Go millions of dol
lars, but the percentages were less
than those noted Tor 1919. For the
policy loan coun the experience
was unfayorable. because IL caused
reduction OF Insurance protection,
but Tor the cou OF surrendered
policies al cash values IL was more
favorable, compared with 1912
The aggregate OF the life insurance
written and revived m the United
states by the regular companies was
almost $500, 900. 900. the Increase
amounting To- about Si62. 600. 600.
The effects Of the efforts Of frater-
nal Insurance ORGANIZATIONS to get on
a sound basis, as defined by new laws
80 AaNNNNHANh NAN". ~ ka"N"NNNNNAAN aANNA
the establishment of reserves. were
Indicated by statistics of decreases
pf memberships me the descriptions
Of weak associations.
In Canada The transactions OF the
companies Of tho Dominion and the
companies Of thr United states with
Canadian agencies increased moder
ately iu volume Tor new business.
The distribution. Of premium savings
were for liberal amounts. u the
payments for death claims and ma
turcd endowment were IN excess II
those IN 1919.
The general conditions Of other
lines of large business transactions
in the United -tates were Indicated
py certain records OF the life iusur.
anCe business. notably by the record
Of policy loans An interesting rec
ord was that uf the payments OF
cash values OF surrendered and pur-
chased policies policies that the
holders gave up after paying pre-
miums during periods sufficient be-
extent for m, Establishment Of re-
serves Tor large mounts.
Payments Tor surrendered pOiioicS.
The disbursements for surrendered
aud purchased policies by COMPANIES
hat have had in recent years 90
per cent Of the life Insurance bust
ness in the United States amDunte,
last year Co 81 $50, geo, an iucrets,
OF about $3.50 900 over thu amoun'
in 1912. For 1879 the Increase wa
about $500. uUH, 1911. 81. S53, 600.
For 1910 the r..ord showed decrcas'
60 the amount ul &iS7.0 600. although
% had 3.05e. 600 Tor Increase iu 100.
and &1i5i2.nO 100 1905.
In recent years the efforts OF Of
flee executive aud field agcuts nave
been strenuous loo discournging the
surrender of Nf. Insurance pOllCio'
aud the disrupt a OF protection, an,
the records hove indicated tina tn
arguments Wvrr Impressive. Con
aidcring the increase Of only S3. $50,
coo for police -4rrender accounts IL
1913. the Increase Of 81. 800. 600 Il
1879 Ca dinerer.e of So, 900. o0Ol an,
the emharrassW,uts in general bust
ness last year u.th the high cost %
living, decrease ~ the earning poUc
Of labor and Invested capital and al.
sacrifice OF sr. rifles and miuufar
turcd products the natural inference
would be thar thousands OF an.
members OF Hf. insurance |or-uuill
uous when under the STRAIN r~rsistel
the impulse ta lrrender their polio.
contracts and a.T the cash values Il
the record of rrenders were poll
rles for million. Of dollars OF iusur
ance that hulu.rs closed out ut IA
F. termination of .1utine periods.
IN 1879 uear.H tfs. goo p]oli.ios 10
more thnp d.n00. coo iusurauc
. were surrender 90 the cumpanle
referred Go Boz he foregoing para
graphs Tho ord for 1913 b. nt
g. available BE- ir % departments a
present ~ e. extent the rccor
FOR policy loan. has been Increase
y in resent year. Hy policyhoidcrr VIII
! did not surrender their policies 1r
J. dld borrow uuu the reserves
81 ~Incrcase Ut Policy Loans.
The u~nfaforahle feature of Oh
transactions in 10 parts Of the Uni