| Show T THE t INSURANCE I SUR Ct I 1 N V E S T I C A T TIO I 0 N NJ L LJ j K R liegeman of or the lIfe Ilfe s HC In Indus trial Insurance I IS MOST EXPENSIVE OF ALL Actuary of or time lie Mutual of or Mailers Nf Iw v Yarn rk No Nov Iov Sl the I MI mony mory of John bohn It n pr ot of the Ith company before the ln III II I e upon t l thi j rt Ye reo ot f t the she n today It wu Willi out Unit Indus Indu trim wits was 1 cot iy Ty more mun When ether of ot lite life Insurance In iii unit and M Mr r I etti ft lIIl bt unit In ml In ft A the ordinary ut life us aa 8 n l I Illus hue the fat fact 11 by un uli l j In III which for u II ale ago U It wa wet that fu fua for fora a 1000 policy of ot ordinary life lUll the Ihn Met M t charged whim fur fill I the h he neatest earnt fur for tha muted age ale under tb the plan O we was charged Mr Mi I wu Wit on the stand th the greater part ot of th the afternoon unit 1111 his hili w was along alon the line Hue of the amount or ot the lb company increase nse In H A At time lie session 1 ii v Unlock of ot the Life Ufe Insurance company who 11 baa na been ex ee t In port part ut nt pr previous ST III 05 ralpd continued his hili testimony on 01 technical ln In lii ti to a II t im lIon Mr II toik tuk k could not remember a IL CH cape In 55 th the 11 11 hats hux ever IlIr bet ll by lIy th the ot of otHie the Hie ie to the Uit amount of t r money to 10 0 he ht expended tnt for or new hUll bust hUlln n H tie 1111 wn 1111 woe or ot the o opinion that th the agents were er for fOI forth th thams an Omi an 1111 or 1 y it rp policy with divi dividend Mr III 11 hughes asked Mr In lum Lisa LIlli amount realised 11 by tho the company WIll wax mid end the amount of or dividends pith paid wile ILI I In III 1 lOOt 1001 01 time the amount realized Wit was 1 and the HIP amount ot or dividends paid 3 Why hy whom when hem the tho mount amount wa Was 1 o over r more mor nw lI list et el aside for tor or actual dividends less lens Mr Ir mild the Ihl reduction tion tiami of at Interest must bo ho taken Into ni l COUnt lie He also call that LILt IB It the esti etU estimate mate t for r the years year Woe Will made In November and tho the dividends to 10 be paid lAid were re nn on the Iho estimate It MIK Willi Impo impossible to o K get Iet t result In n reply to 10 mentions Mr Mm Paid suld that on one of ot tho the factors il ilIn 1 III In computing the tise was wan th the loading londing of ot tho Iho premium MO Wa its ita to fund ll for rm the conduct of ot the I company What hut remained of ot the loadings after payment of or expense he hI said was wan devoted to III dividends dividend The amount of ot the loading Wit aunts estimated b by t the he xi eilenne of s Jt previous r X years r Mr almS 11 Was u ii tiler I II tS I 15 tiny fly way lisa tho co cost t of ot new could be I II He I I p replied that thai the cOm company llIn might 1 n IL new method of nf valuation I He lit lii the ratio of ot it xi nHi to 10 the total Income of time tho Mutual Life Insurance company ny was wan 20 per Ilor cent for tor the tile year 1 1001 iII I This lIsle he hI said I Is Ii also true of ot tho Iho Xe New ew York lAte and the time K Life AK society In lB smaller companies the ra tn ratio tb tio WISS U low lower loer r In sonic lomo In Instances lunce HH as low im nil 13 or 01 Sr 14 K per her cent The rise of at to tu the amount paid to of ot tIme the Mutual all nM to 10 bo ha 4 49 tier per Cent ent In tho time Now New NewYork York uta It II Is lit the paine Film while In tho It 11 In is hut but II H per J I cent cant In some ioni It U Is U on na II low UH us 2 Ui HO 10 15 per nor cent l Following Mr Ir lohn U n tI liegeman 1 t I ot of t I the h lie tan tais 11 Life fe Insurance company Mas called to tn continue testimony where h lie he stopped two weeks eek or more n ugo o An tn Answering n Mr III Hughes who wished It for forth th time record Mr lr Ir I liegeman tol told 1 ut sit great greater er tr 1 than hi Isis his t the S Iro growth of if lil 15 hIM 00 corn 11 n tin In In 1 hn 8 on ii hn 8 on ii ij the l c company IR a t l of r 1 lanti und anti at M ib end of 1904 1004 It wa Vila wea 1 At t the end nil of ot 1887 the In Iii Was wall of or which Un vaa At the Iho end cud of or use thE wais 31 1 of which h 1 s i iI it q I tid The Ilme he Pre premium I U nl s ii in 1 U 7 to lo CIS amil iu III 1 i II s then thon Identified ft ia f t Pates rales for tor various I n ages I III mid uil the lie aggregate rates rate tot for a II L year Ir of or 1 in Its Insurance ware I greater I thin flim life Ills Iff the s K 1 5 r retail Insurance while the Sri ITO might V lie e l AM ai Hii An Au n example v wits nn taken at M t an au fill age or ir T i and It was wan shown nhoun that the Met Mt Metropolitan It nold 1 a 1000 1001 11 lIf f I I It ii liy for tor 1055 6 annually while hill for fr SISI is Iq worth ot of Industrial Ill til 31 S 0 O S n iI Iii hur d |
