Salt Lake Tribune | 1912-07-21 | Page 6 | Life Insurance Paid

LIFE INSURANCE PAID As we gather from a recent spe cial number of the Insurance Press of Now York, the lite insurance paymants on policies in the year 1911 in this country Ltl Lauada, amouuted to I 28 640,000. Of this total, $401,140,000 was for claim paid, and lll,5oo,juu was payments pay-ments for divivionds, for surrender values to annuities and foreign policyholders, policy-holders, this latter being an estimate The amount of dividends paid to policy-holders policy-holders was 140096,000, an increase of $7,2-2v,jo0 over the previous vear. Besides Be-sides this. $84,697,000 was sot Bside to cover dividends d.ciared or apportioned for 1912 payments. On the ledgers 01 the companies the further sum of f-.., 000.000 was credited to policyholder's on December 31st, 1011, for dividends calculated or provisionally ascertained under deferred dividend policies. The loans on life insurance policies increased in-creased $40,949,000 over the previous year on a larger amount of insurance to force. The heaviest policy paid during the year was on the death of Prank T. Howard of New Orleans. Louisiana $-20,28. The total payments of lifo insurance policies in Ctah during the vear wai $:00,000. Of this $296,500 was paid in Salt Lake. $71,000 in Ogden. $28,750 in Park Pity. $11,750 in Btraka, $10,750 La Mantua. $10,750 in Rnmond. and $10,000 iB Brigham. Premiums under 1 ' ' I-iid in j'.: , or:-.r;e DeTU Slid. Draper, Elsinore, Pair-view. Pair-view. Garfield. Hurr.cane. Inverury. Logan. Mammoth, Mercur. Mid vale,' M.w'ord. Newton, Pay son. Bt Gcore! Sandy, K-ofield, South Weber, and Spanish Pork The highest policy paid in Utah was on th death of Sidney M. Bamberger Halt Lake I :ty. $40.3. Then came in' order, John Dubei $3VV)t j Sie al $13,000 David F. Walker n.-f:,-, Tof:':, i)o:rr ll0-2T-- j"h SSffiS iiu.wiu wa three "name not givt Iir.SK'00?' eor ls.0 and one Whila the amounts of laments are find the accounts of the amounts of money paid by policyholders or received in the aggregate from the State, or from any part of it, on this account. Until this defect is remedied, it wil be impossible to strike any balance as between receipts and disbursements in Utuh, to know whether the peoplo here are paying moro for life insurance than they should do. One thing is sure, that the amounts of money handle. 1 by the insurance com panics aro enormous. Necessarily, the people who insure pay these amounts; but just lxnv thev pay them ami how the receipts are turned In as divided by State... v cities, or by tnwns, i not explainc 1