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Show I 1 A Biz Buine 1 -a. x . -SPHERE is now in force in the United States -v. $35,000,000,000 insurance, the largest " single businesa In the country, and its mag-ll mag-ll nitude is nothing less than an impressive mon- ument to the thrift of the American people. - But often the purposes for which this insur- ance if carried is thwarted when the policies -1 are raid. The money which the insurance p . companies hold as trustees for the policy- holders is invested in productive enterprises such as railroads, or in the bonds of gov- . ernments, states and municipalities. . But when 4he money is paid to life ln- surance beneficiaries, much of it is complete- . ly lost through bad managemd'nt, poor judg- ment as to investments and deliberate swindles ;" by promoters of worthless enterprises. Any T method that can prevent jhis w.ould be worthy of careful scrutiny. It Is not only a great l.i economic loss, but Is the source of suffering r.; and privation. Within the last two or three years one I ' means has been developed by which these losses can be practically eliminated. That is by the insurance trust. Reputable banks through trust departments can be made trustees for the money coming from insurance -t policies and the money is wisely and care- 1 -; fully invested. A head of a family may ward against possible loss by his widow of his in- surance money by putting It beyond the clutches of the stock swindler under, the trust of a reputable bank. The beneficiaries who generally los the money paid on a life in- surance policy are usually the ones who need it most. . , ' ' " 1 The Vealthy carry life insurance mostly to , pay off inheritance taxes, property taxes, etc., . in order io prevent the estate from being broken up in its administration. As the tax collector must be met within twelve months after date, this' prevents the selling of invest- . ments and property that might Injure the es- tate and prove a great economical loss. -, |