The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1920-09-10
DucATs FROM POLICIES
WHAT INSURANCE CONCERN
PAID OUT IN 1919
LARGE SUMS OF MONEY
Considerable Amount Went to
Several Beneficiaries In
Mankato

Some idea Of the vast proportions
of the life insurance business in the
United States and Canada can be OBJ
tanned when it is stated that the life
insurance distributions In the United
States and Canada for the year 1918
amounted to 81 .843, 100000. The
largest amount paid out on any one
policy in the United States was
Canada $4,000. Distributions in
1919 by insurance organizations OPP
Grating in the United States and Can
ada including the bureau or war risk
transactions In the United States
were rs follows: Death claims ma
tured sndowments and annuniues,
$6f3, 6s6. 900; payments for premium
saving and for lepsed, surrendered
and purchased policies. 1921. $50. 900;
oogumutsd value of insurance claims
awarded by the bureau of war risks
December 81, 1919 Ss791s,oo max
OF 81. 843, 100000. The largest claim
paid IN 1919 was s40o, 900. paid on the
policy carried by the late Henry
Frick of New York City and Pitts
burg.
Payments BY Insurance Concerns.
The total payments by insurance
organizations in the United States
and Canada for the year 1919 show an
increase over the year 1918 OF SAL, :
100000. Outstanding policy loans at
the close Of 1919 were f697. t46.31S as
against $713.152,s2o at the end of
1918, q reduction that was undoubted
condition Of the country.
figures show that there Is a con-
stanhy increasing demand for life in
suranoe policies. Policies are now
being written for larger amounts
than before the high cost Of living
arrived. The man In the past who
took out $4,000 policy on his life
slept easy. because this would pur-
chase $4,000 worth or compodities.
but at the present day 1t would only
purchase about half that amount.
For that reason the provident father
II o-day taking out more insurance
for ne realizes that the restoration .of
the dollar to it's former value will be
slow.
Eugene O'Brien the movie star is,
insured for the protection OF his
manager for the amount of 81. 900 900
Fl. II. Rogers, whose father was
Woe president OF the Standard OH
company. is insured for $4,000, 900
Mfb. Jennes y. brOWn or newport
r. l.. is said to be the most heavily
insured woman I'm the United States
Life insurance policies of s. ,000, 00C
are very common. T. e. Houston
president Of the Houston coal com
peny IL insured for s1.750.0o0.
Among the policies paid during the
year 1919 In Mankato were the sum o!
s14,142 on the life OF Abraham M
Stein: $4,000 on the life of the late
DR.. George r. Curran. Also SO,
900 was paid to another benehciarie
but the name was not given. Among
the policies paid In the city of MINI
eapolis was that carried by the late
Niles Porter, q former resident of this
city, for $4,000. At Fairmont q
$4,000 policy was paid to the heirs OF
the late William L. Lamb Ter
thousand dollars was paid to the heifs
Of life insurance policy holder al
81 Peter. but the name was not
ftescd. The heirs of Richard r.
DpHfors Of Marshall at his death IN
1919 received the full amount of the
policy he carried. which was s46 .
900. THIS hair of the late Congress
man James A. Tawney at his death
received tbs face value of his life in
surance policy amounting to $4,000