Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1915-06-24

Of all kinds in 1914:
Claims paid in the United States
and Canada .......... ......... si33. o5o. coo
Payments for premium savings
and surrender values, and to
annutants. and in foreign
tries ................ ............ 2oS,too,Vn
Grand total ......................s $3.50, 7oo, go
Increases of the amounts Of all benefits
paid-death claims. endowments, premi-
um avings-appear in the returns OF
the regular companies at the close of the
year The increases amounted to many
millions of dollars, the percentages eX
ceeding those noted for 1913. The unfav
orable feature of life insurance in its
dealings in 1914 was the large increase of
the amount paid on account Of policies
surrendered at cash values. The increase
Of the policy loan account was more than
normal
The amounts of the ordinary and in
dustrial policies written and revived in
the United States by the regular com.
panies aggregated more than $3.50 100000
comparison with the figures for the pro
vious year showing a slight decrease Tn.
til tho outbreak of the war in Europe the
writing of life insurance exceeded the
normal rate of increase. The closing of
stock exchanges. business Interruptions.
reduction of output in many industries,
accompanied by loss of wages and SAL
aries, estraint on the payments of money.
even in minor matters, that followed the
outbreak abroad affected activities in
the life insurance field. In many instan-
ceS, however, the war developments
caused appreciation Of the value of life
insurance. and persons applied for it more
willingly. In the closing months of the
year activities were resumed
The transa actions of the life insurance
companies of Canada and those of the
agencies of American and British COM
panes in the dominion were affected also
by the foreign war. Less insurance was
written and revived, but the payments for
death claims and matured endowments
and the distribution of premium savings
We're in excess Of those in 1918
SURRENDERED POLICIES
The payments for surrendered and pur-
| chased policies by companies that account
| ed for 81 per cent. Of the regular life in
surance disbursements in the United
States amounted last year to more than
$lo2, 10000, an increase of more than slj,-
10000 over the amount paid in 1913. For
1913 the increase was about $4,000, 1912
s.. 5000 1911, 81, $500 Tracing the ef-
fects of business conditions on life in
svrance. it appeared that the record OF
the disbursements for surrendered and
purchased policies in 1910 compared with
1903, showed decrease to the amount Of
$751; although it had more than 5000
Ooo for increase in 1909 and $A.5i0eD for
increase in 1905
! The surrender Of life insurance policies
and thereby the disruption OF protection
have been discouraged strenuousy by
company officials and field agents in the
past few years, particularly since the
business disturbance in 1907, but emhar
easements In general lines of business and
other adverse conditions. arising a in
tervals. have overcome to some degree
the arguments for the retention of life
insurance policies under whatever cir
cumstances might he developed.
More than $4,000 policies Of ordinary life
Insurance to the amount of more than
$3Sl3o,0oo were surrendered to American
life insurance companies in 1918. Indus
trial life insurance to the amount of more
than 100000 was surrendered also The
record for 1914 is not available at present.
DEATH CLAIMS AND ENDOWMENTs
The record Of the payments for death
claims and matured endowments last year
by the companies that transacted "a per
cent. of the business showed increase to
the amount of ST. 100, 600 compared with
increases to the amount Of s., $4,000 in 1918
sl4, $50 900 In 1872 and 3d. $50 900 in 1911. An
alysis showed about 81 100, 600 for increase
of death claims and sc, $50 900 for increase
of endowment payments. compared with
81, no for increase of death claims and
| 81. 900 for increase of endowments in
1913. In 1912 a similar division gave an
| increase of 80, 1870 900 for death claims and
an increase of s5,7OO,OO for cndowments
1911, slo,74OoOO for increase Of death claims
and $4,000 for increase Of endowments
| The endowment payments to the amount
of nearly $50 oooooo as reported last year
by the companies mentioned continued
to demonstrate the results Of the develop
ment and maintenance of tho no,,cvho,d-
Ars, habit of tbrift ana tho ,rreIr,ept -,
tbe desira for income f,,rds ., No ,,y.t,o