Show INSURANCE ON LIFE STALLS OFF WANT HANCHETT SA YS Un Underwriters Hear Hear Arguments Arguments ments in Support of Benefits Derived d dIn In the principal speech of the evening on the occasion of the second annual banquet of the Deseret Association of Life Underwriters Underwriters Un Un- at th the Newhouse hotel last night Lafayette Hanchett made mad madea a argument in support of the benefits to b be derived from the life in insurance insurance insurance in- in policy polley Why Life Insurance Is Needed l I More re Today Than It Was Twenty Years Ago and Why Thera There Will Be Great Greater Need of ot It Twenty Years Years' Hence Than There Is Today Today Today-a a Retrospect and a Prospect was his topic Besides Mr Hanchett other speakers who dwelt on the several phases of life insurance in response to toasts proposed proposed proposed pro pro- posed by the toastmaster John D. D Spencer were Mayor W W. Mont Ferry whose subject was Life Insurance and Citizenship Representative J. J Le Lewis ls Brown Life Insurance a Lawmakers Lawmaker's Viewpoint and the Rev P. P A A. Simpkin Simpkin Simp- Simp kin who spoke In response to the toast Preparedness Mayor Ferry Speaks Immediately following the banquet which was attended by members of the Deseret association together with specially Invited guests the address of welcome and the Introduction of the toastmaster was delivered by President C. C W. W Hesler Toastmaster John D. D Spencer responded t to the tribute paid by the opening speaker speake in an appreciative appreciative appreciative speech ending by proposing the toast of Citizenship and Life Insurance Insurance Insurance In In- In- In to Mayor Ferry The mayor made the point that the duty of citizenship citizenship citizenship citizen citizen- ship is not only patriotism and love of country but the love of home me and dear ones He emphasized that this provision provision provi provi- sion sian is essential in our our lives and a 1 vital Inter Interest t to every everyone one Life insurance tends to perpetuate this relation and therefore makes of uS u us better citizens he ho said said Urges Protection I Mr Hanchett in his paper presented present d six arguments which he said should be the means of ot convincing the public m mind nd of ot the benefits and the necessities necessities necessities ties of ot life insurance e. e He p pointed out that these were the ne necessity of ing families from want in event erent of deaths th the d desire tb to add to or pre preserve serve estates th the desire to give klY better better better bet bet- ter protection to Some Soni creditor the tM desire to b bd be accounted Cc among the thrifty and anti independent bt Of the earth the sense o ot ie fear r in coming coaling close to the bread line Une in ones one's old ak ag age and t the le recognition of f the f fact ct that life insurance insurance insurance ance Is is' a choice investment and that It offers one of the best plans for tor encouraging encouraging en encouraging en- en thrift He further stated that there is the tendency to yield solely solely sole sole- ly iy to ones one's persuasive powers without serious thought concerning the use or value alue of ot insurance and a a. buying with witha a a. transitory view Choice Investment The agents agent's agents agent's work Mr Hanchett said is li not complete until the policy holder has reach reached q a a slate of f mind iii w wherein lerein he f fairly prizes his insurance above his other money possessions One of the strongest points offered by the speaker was in dealing with recognition of ot the fact that life In Insurance Insurance In- In Insurance Is a choice investment and that it offers the best plan for encouraging encouraging encouraging aging thrift that has been devised by bv nen men A e decisive comparison W s I drawn between n the needs conditions 1 and tendencies of ot a people twenty years ago and of the people today how now though the tendency to save sa money may be just as great as It was then the temptation to spend has been Increased faster even than income has grown ar ai and according to the speaker speak speak- er ther therein ln in enters the greater need foia tot foi tota tOIa a a better form of saving money l But I do want to make malte the point Mr l Hanchett said that while th the worker has gained today in shorter hours of ot labor to produce earnings he has lost from Income because he has obtained ined longer hours in which to spend his earnings Plan for Saving In n addition he said Life Insurance should be presented today more as a aplan aplan 1 plan for saying saving than n as s a a. plan where by something is realized after a mans man's death Only enforced savings in the form of ot life insurance will approach a remedy for the unstable conditions of life ife now brought about by the dissipation dissipation dissipation dis dis- dis- dis and waste of Income Because of this increasing pressure pressur of the necessity for a system of money mone moneysaving saving there will come various forms of compulsory saving The general In Income Income In In- come tax to provide old age pensions pensions' will be levied evl d by the government be because because because be- be cause the lack Inck of thrift at present will produce a harvest of poor to be cared for in a f few w years and the state will have to enforce in Insh sh sheer er self tion such plans of ot s saving ving Then when a man applies for a marriage license concluded the speaker will he be confronted confronted con con- confronted fronted squarely with the question Is your life ins insured red for the minimum lim lim- limIt it required by law If so deposit your policy with Ute commissioner and If It not so insured submit yourself to in insurance insurance insurance in- in under a department of state and pay your premium before you marry The Rev P. P A. A Simpkin respond I Ito to the toast Preparedness and dwelt ess essentially upon patriotism appropriate appropriate to the Lincoln birthday anni annin annh He added with remarks in support of preparedness for the things of ot life one of which is the duty that Insurance fulfills that of providing for those who are dependent upon u us for tor their future well being |