The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1914-06-03

policies. The amount of the increase
Of the o-utst1udiug loan account at
the close of IA, year was fgg.f2i.-
600, against an increase of ts3,2af.-
OOu Tor 1912, a difference OF nearly
s2O.t0O. 900.
Since 1906 this cview OF the dis
|trlbution of ne Insurance money has
mentioned the applications for loans
ON policies ts indications % the fuc-
tuutious Of business conditions. The
increases of the policy loan account
have been. 1906. t37. ESQ. 900. 1900.
Sie.5g0.O0O. 1905. t55.270. 600. 1903.
$3.50. 600. 1910. Stt.6Ou. 600. taii.
81. 900. 600. 1919. Sf3.2ttOOO 1918.
&G3. 325. 600. The disturbance of gem
erai business caused tho increase of
policy loans In 1907 the adverse CON
ditiun OF general business In 1913
was indicated Boy the increase OF pol
icy loans In 1918
The policy loan account OF compan-
les Was the subject ct special examine
ton and analysis boy the Association
of Life Insurance Presidents last year,
and "a considerable period of the pro-
cocdings at the annual meeting was
devoted Co ihc cxpositiona OF the I'M
crease ~ loans year after year ana
suggestions for remedial action. \
compilation Of statistics showed that
the ratio Of policy loans and premium
notes 90 policy reserves had increased
from 2Nl per cent iu 1892 TO 1908
per cent la 1919 From a ratio II
1915 per cent in 1896 to that OF t3.ii
por cent In 1907 was he largest in
crcasc. in the period OF 20 years. Dur
ing the period iSSS-1gi2 tho amount
of policy loans Increased each year.
IN only onc year Cisp2D was a decrease
of the ratio Of loans 10 reserves noted.
An expression of opinion on the rec
suits of the analysis OF reports oy the
statlsticians Of the Association OF Lite
Insurance Presidents was "Und e
present policy provisions. times 81
financial s%tringencS lead TO the de-
structlon Of a vast amount of insut-
ance by placing loan cncumbangcs on
policies which are never removed.
Under "a grouping Of states. the
ratios Of loans and oto to reserves
Indicated certain sections as large boz
rowers on life insurance policies, Cen
trail Northern, 1879 per cent. New
England. ifts per cen Middle A.
lantic, 1857 per cent: Northwestern.
1909 per cent. southwestern, 1913
per cent, South Atlantic, iS.s2 per
cent. Gulf and Mississippi Valley.
1911 per cent; Pacific. 2O.Og per cent.
Death Claims and Endowmcnts.
The record OF the payment Tor
death claims and matured endow-
ments last year by the companies that
had s5 per cent 81 The business snow
ed Increase to the amount Of $500
600, compared with S%l4.S9O.OOO for
1912. Division gave 50. 10000 for IN
crease OF death claims and Si,SO0,-
90 for endowments. compared with
50. 1870. 900 for Increase of death
claims and 81. zoo. 900 for cndowments
In 1912 In 1911 The division OF s13,-
fS0.00O gavc S12, 10000 for increase
Of death claims and $4,000 for en-
dowments.
Any analysis 81 these transactions
In the name Of life Insurance must
develop something more thar a COM
parison Of the amounts Of money tina
passed from company offices to homes.
Imagination must be aroused by tho
examples OF self-sacrince during the
periods Of premium payments and the
exposition Of the determination 90 per
form q service In the line OF duty tor
the protection 81 wives and children.
Every policy holder in the record 81
! death claims paid was a soldier OF
duty In a service army.
In many cases of death claims ac-
ridents were cited, notably automo-
bile accidents.
The payments on endowment pot
lcies demonstrate the results of the
Development OF the habits OF thri.I
and the determination 10 provide for
Income through certainty OF securing
capital Co the extent possible In per.
iods of advanced age.
The recent reports OF some of an,
companies have noted an increase o
applications for small poliuies-&L.ONu
$4,000, $4,000. Tho experience indi
Gates "a result OF the efforts of p1S.
Office authorities 90 squelch The pro
meters OF fraudulent and get-ricn.
quick schemes in Old. mines. real as
tate. etc. The authorities estimate,
that the promoters that we're put on
Of business last year had obtalyc,
from the puolic $4,000. Wuo
One Hundred Million OF Premium
SaVingr.
Interest earnings. mortality expert
cnce and economy OF management ar,
the determining factors IN n rrepar
alton Of accounts Of the distribution
u premium savings. erroneousi,
termed dividends" such distribu
tions to more than Si0i.
goo 600 in 1913 for all Of the CON
panics OF the United states Com
pared with 1919. the record showr'
an increase to the amount Of NOR
than 81. 600. 600.
For companies hat had % per cor
Of the business the increases wer
tS.1lS.000 IN 1913. S"s.258.0OO In Iat
and s7,221.0O0 in 1911. Premium
savings were used, as Ia other years
Tor the purchase Of additions OF mi
lions OF dollars 90 the amount OF In
| uTanrg rurrfaa g- f.r anuHrFfH.. r..