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Show LIFE INSURANCE PAYMENTS. Tho amount of life insurance distributions distri-butions in the year 15)09 "is printed in the-New York Insurance Press of concurrent con-current date. Tho total claims and benefits paid by the companies and associations as-sociations in the United States and Canada in that 3'ear amounted to $532,-500.000. $532,-500.000. Evidently, however, that only tells one-half of tho story, since, it omits altogether th amounts received by the companies from their patrons and policy holders. Perhaps if wc should estimate .the amount received by the companies, that amount might approximate approxi-mate something like double tho amount which Iho companies paid out. Payments for death claims in matured ma-tured endowments increased in all tho States. Tho ratio of premiums on surrendered sur-rendered policies decreased. Tho lapse ratio docrcascd. Dividend apportionments apportion-ments on policies for "1010 were increased in-creased by many millions of dollars. The outstanding loans on policies at the close of 90fi amounted to $396,0n3f53S for the companies that reported in Now York, "reducing tho protection of $J1.-110,457,173 $J1.-110,457,173 of ordinary insurance to .7il0,713,4u3,5S." The summary by Slates shows that New York received $67,500,000 " from life insurance organizations. Pennsylvania Pennsyl-vania was the next largest recipient, with $30,000,000. Illinois received $21,-800,000. $21,-800,000. Ohio, $S,900,Q00, which is almost al-most identical with tho amount $10,. 000.000 paid to Canada. The amount paid for Utah was $050,000. In the amount paid to cities, New York naturally leads, with $35,487,231. Philadelphia, Chicago and Boston come next in order, with $13,385,218, $11,223,-731, $11,223,-731, and $7,021,037, respectively. Salt Lako City is debited with $358,143. In its summary by States, Utah payments pay-ments arc stated as follows: ' j Grantsvlilc Charles L. Anderson. .$13,552 Logan Wlllard W. Clark 10 000 Ogden George W. Perkins a's-'S Salt Lake City Joseph T. Rich- " ards 5 016 Harry D. N'lles o2'oo0 IT"11'"5 iv-,1Ic,ck loiooo Mary .Judge JOj00o The statement of payment to Utah cities, complete, js as follows: Salt Lake t5S j.,.. ogden ;;;;t $5'$ GrantHVllle 30361 Bingham 20 G25 Lomtn .U75 Pn. 13 121 Eureka i0'xw Under ten thousand dollars Ccdur Citv Coalville. Ephralm. Frisco. Sunnfsoh! Helper. Ilenefer, Jensen, ICaysvllJc, Lehl City. Alendon. .Mcrcur. Mt. Pleasant, Murray. Mur-ray. Point Lookout, Provo, Richmond, River Heights, Smltbficld. The statements, as printed in the insurance in-surance Press, aro very full and complete, com-plete, but. as stated, thoy show only one side of tho lodger. Tho paynfonts arc given with a completeness that, is worthy of all praise. The receipts arc not refcrrod In. If our estimate that the receipts were. double tho payments on the average is not a fair approximation, approxima-tion, wo should be glad to havo from the insurance companies or their representatives repre-sentatives or writers a Htatcmout that would correct that estimate. Our general idea of this whole in- suranco matter is that tho investigations investiga-tions in Now York some years ago showed enormously greater receipts for tho insurance companies than is needful need-ful in their business. Tlio investigations investiga-tions showed, also, that, payments in the forms of commissions and otherwise for new business was altogether in excess of any conservative .business policy. From these two propositions wc deduce the conclusion that life insurance rates should be very materially decreased to the policy holders. Wo are awaro that we could bo ovorwholmed by expert figures showing that this conclusion of ours is altogether wrong. Wo have, in fact, beon confronted with exactly such statements, and arc yet unconvinced that tho insurance rato is as low as it ought to be. Wc hold that the great investigations of tho life insurance business provod conclusively that far more nfoney is collected by tho in-suranco in-suranco companies than is a proper charge upon the policy holders. And in spito of all adroit computations lo the contrary, we, knowing that nothing is more deceptive than figures handled with a view to obtaining certain results, hold fast to our ground that tho insurance in-surance companies should roduce rates. |