Evening star., 1925-11-16
20 PER CENT GAIN
IN 1925 INSURANCE
All Records in New Policies
Being Broken-Many More
Women Insured.
BY j. c. ROYLE.

Special Dispatch to The Star
NEW YORK, November 16.-The
volume of life insurance written in
| 1925 will exceed that for any previous
year in America history. The protec-
| tion taken out since January l al
| ready exceeds that sold in the entire
year 1924. Men prominently identified
with industry state that at conserva-
| tive estimates the amount of insur-
ance written will be about 20 per cent
above that of 1924, the previous BAN
| ner year.
The effect of this increase on busi-
ness and industry in general, has been
and viii continue to be enormous. 1t
means that one of the largest groups
OF investors in the country has 20 per
cent more money at it's disposal to
pour into the veins of commerce and
trade than ever before. In addition
well over a billion dollars will be paid
by insurance companies to benefici-
aries this year and a large part of this
Will also go into business and invest
ment channels.
Due to Prosperity.
The Increase in the amount of in
surance sold. according to w. T..
Reeve, former president OF the Two
Hundred Thousand Club of the .<ew
York Life Insurance Co.. is due in
large measure to the prosperity of
the country. There has been. he eX-
planned, a mutual reaction Business
prosperity has aided the amount of
insurance sold, while money invested
in insurance has in turn furthered
prosperity.
Another factor has been the fact
that the dollar still is lower in pur-
chasing power that 1t was before the
war and business men have brought
their volume of insurance up to cover
that differential. The amount of in
surance secured has followed also the
trend of incomes and has grown as
incomes have Increased. Then, too.
according to Mr. Reeve, the purpose
and value of insurance now is better
understood than ever before.
Group Insurance Heavy.
The taking out of group insurance
which has been specially heavy this
year, has been followed by the appli-
cation for additional policies by indi-
viduals so insured, in many instances.
, There has been a decided growth in
the taking out of policies by parents
to cover the education of their chill
dren. Many fathers, recognizing the
hazards of modern marriage. are Sc
curing dover policies for their daugh-
ters. so that the latter may be indie
pendent of even their husba nds.
The fact that much insurance is
not subject to income and inheritance
taxes has added millions to the bust
ness done. For example. the insig-
nificant sum paid as income tax by
VIII Rogers, stage and movie star,
was d puzzle to admirers until ii be-
came know he carries SS0G.000 worth
of Insurance. paying premiums of
about Sl00 a day.
Plan Help to Charity.
Rich men who contemplate leav-
ing large sums to charitable or
phila nthropic institutions now are do
ing il by means of insurance. BY
having their lives insured in favor
of the institution they have the
premiums deducted from their income
| tax returns. and the beneficiary re-
| ceives the bequest without delay or
| the expense incident to such bequests
| covered in a will.
There has been remarkable in
| crease in the number of women in
| sured. This list is not confined to
business women alone, but to many
who have been the beneficiaries under
policies which have been paid.
Fifteen years ago when George
Vanderbilt took out a policy of 81 900
coo it was a sensation in the insur-
ance world. Today there are well
over 200 Americans with policies eX-
ceeding that amount.
The amount of fire insurance in the
United States has increased more
than S5 ,000, 900 900 in the last year.
Copyright 1922