The Dawson news. (Dawson, Ga.) 1889-current, 1915-06-22
IIFE INSURANCE PAID
DURING THE YEAR 1914
40 INCREASE REPORTED IN THE
n,v,rENT OF DEATH CLAIMS
AND ENDOWMENTS.
,wOlNTfD TO $685., 100000

AMUUNlLD ~ "OoO''VO'V"V
n,o Discrimination Against Women
Insuring Lives Is Disappearing.
Geo W. Vanderbilt Carried Pol
lev of 100000.
NEW YORK.-The Insurance
Press prints today a summary of life
,asurapce operations in the United
o4o+os and Canada during 1914. The
s;s+ribptions during the year were
-, largest on record, exceeding by
Sl0150,O 900 the amount of the dis
t.ihntions in 1913. Under the poll
sias of the leVeI-premium companies
md the certificates of life insurance
arganizations on the assessment ba-
Ois The payments in the two coun-
arjos for death claims, matured en-
dement's and other benefits amount
w tn $433,O0O,000. For premium
Sovings for the cash values of poll
So issued in foreign countries the
raGnIar companies of the United
ctstes and Canada paid amounts, es-
timated in part, that aggregated
S253, 100000.
summation of life insurance pay
,nents of all kinds in 1914:
claims paid in the Unit
cd States and Canada $433, $3.50, 900
PAYMENTS for premium
savings and surrender
values, and to annu1-
tants, and in foreign
countries 49,. 200 ,ooV,VVO
Grand total ........$6S6,7OO,OOO
Increases in Benefits.
Increases of the amounts of all
benefits paid-death claims, endoW
ments. premium saVings-appeared
in the returns of the regular compa-
MES al the close of the year. The in
creases amounted to many millions
of dollars, the percentages exceeding
those noted for 1913. The unfavora-
HE feature of life insurance in its
dealings in 1914 was the large in
crease of the amount paid on account
of policies surrendered at cash values.
The increase of the policy loan ac-
count was more than normal.
The amounts of the ordinary and
industrial policies written and reViv-
ed in the United States by the regu-
lar companies aggregated more than
$3.359,0O0, 900, comparison with the
figures for the previous year showing
a slight decrease. Until the outbreak
of the war in Europe the writing of
life insurance exceeded the normal
rate Of increase. The closing of stock
exchanges, business Interruptions, re-
duCtiOn 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
field In many instances, however,
the war developments caused appre-
citation of the value of life insurance,
and persons applied for it more will
ingly. In the closing months of the
year activities were resumed.
Death Claims and EndOWments.
The record of the payments for
death claims and matured endOW-
ments last year by the companies that
transacted "a per cent of the bust
ness, showed increase to the amount
of $17,760,000, compared with in
creases to the amount of $780, 900
in 1913, $14,S90,000 in 1912, and
$13, 480, 900 in 1911. Analysis show
ed about 81, 100000 for increase of
death claims and $1,000, 900 for in
crease Of endowment payments, COM
pared with $4,000 for increase of
death claims and $1,800,000 for in
crease of endowments in 1918. In
1872 a similar division gave an in
crease of 50, 100000 for death claims
and an increase of $4,000 for en-
dowments; 1911, $12,74O, 900 for in
crease Of death claims and $4,000
Tor increase of endowments.
The endowment payments to the
amount of nearly $59,000,000, as re-
ported last year by the companies
mentioned continued to demonstrate
the results of the development and
maintenance of the policy holders
habits Of thrift and the fulfillment OF
the desire for income funds to be
payable at the beginning of periods of
advanced age. The acceptance of the
advantages of installment payments,
instead of lump payments, of death
claims has been a noticeable feature
VI HE insurance in recent years.
FOR each $1,000 of death claims
paid the life insurance companies
paid Sbl on account of taxes, licenses
and fees.
Over 1914, 900 Policies Surrendered.