The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1915-06-13
s39,750 WAS 3"
PAID OUT HERE
IN INSURANCE
THAT Is THE AMOUNT PAID
ON LIFE POLICIES IN 1914.
RECORD POLICY IN COUN-
TRY WAS FOR 100000.

According to the official announce
Press life insurance companies paid
out in Brunswick during the year 1914
the sum of $39,750.
Brunswick stands twenty-fourth in
the list of Georgia cities in amount of
insurance paid out to its citizens, At
lanta heading the list with $1,152,5OO.
Distribution by life insurance Or
ganizations in the United States and
Canada amounted to $3.50, 100000 in
1914. The amount was the largest on
record, exceeding by $40, 10000 the
amount of the distribution in 1913
Under the policies of the level-prem-
ium companies and the certificates of
life insurance organizations on the
assessment basis, the payments in the
two countries for death claims, matur-
ed endowments and other benefits
amounted to $433,050,000. For pre-
MUM savings, for cash values of poll
cies that were surrendered, for an
nuities, and to the beneficiaries under
policies issued in foreign countries
the regular companies of the United
States and Canada paid amounts, esti-
mated in part, that aggregated $685.
$4,000.
Increases of the amounts of all ben
eflts paid-death claims, endowmepts,
premium savings-appeared in the re-
turns OF the regular companies at the
close of the year. The increase
amounted to many millions of dollars.
the percentages exceeding those noted
FOR 1913. The unfavorable feature of
HE insurance i'll its dealings in 1914
was the large increase of the amount
PAID on account of policies surrender
ed 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
companies aggregated more than $3,-
559,OOO00O, comparison with the fig
ures for the previous year showing a
slight decrease. Until the outbreak of
the war III Europe the writing of life
OF increase. The closing of stock ex-
changes, business Interruptions. re-
ductlon of output in many industries.
accompanied by loss of wages and sal
aries, restraint on the payments of
money, even in minor matters. that
followed the outbreak abroad affect
ed activities in the life insurance
Iield. In many instances, however, the
war developments caused appreciation
OF the value of life insurance, and per-
sons applied for it more Willingly. in
the closing months of the year actiyi.
ties were resumed.
The transactions of the life insur
ance companies of Canada and those
OF the agencies of American and Brit
isn companies in the dominion were
\af1ected also by the foreign war. Less
insurance was written and revived
put the payments for death claims and
Hiaturcd endowments and the distri-
putlon OF premium savings were in ex-
cess of those in 1913.
Inc largest claim paid last year was
on the policy that had been held nv
George w. Vanderbilt, whose resi-.
dence was in Washington. The policy
was for $l,O00,0O0. The company that
issued it reinsured $150,OOO of the face
amount Within an hour after the
presentation of the proofs of death a
check for S1,000,000 to the order os
Edith 5. Vanderbilt, executrix, was
signed and delivered.