| Show CARRIED IN UTAH I Samuel Newhouse and Alfred Alred W McCune Head the List With Wih AVERAGE COMES NEAR 2000 ro loe lie B Correct When n mu Maim Inn files Dies Jle Who Is is il Ill Ills Willows 11 hi To 0 tim tho citizen lime tho fIgures I 1 hut iut t KII go to in uke up u p ann ual reports on tn li lifo In lii this coun country countr try tr aro no Iro little Itle short holt of ot He lie his has perhaps como collie COl to look upon the th system HH mis 11 having produced concerns more or 01 loam less opulent and powerful but when ho 0 commies cOles to peruse perlo the paces Images ot of a year ear book boole ho he learns that amour among tho the giants In tho the financial world worl there thero therl iro itro row few If It I any moro more colossal thrill than known mown an nB old Him Ihle life insurance COlllns s Of at the tite very cry big ble there thero are aro ro perhaps a n dozen lozen In 11 tho tIle United States Stales with many mal moro more of ot considerable Im 11 decreasing In as assets assets S sets until In all ni there thero are com cOrn companies doing business ThO Th for tOI 1907 are arc re not nut yot yet available but at ho tho beginning of that year carthe tho Insurance all ot of tho time amount amounted In force folco In 11 companion ed to more lore than eleven and a quarter billions of ot dollars TO 0 HElS Amounts paid to policy policyholders holders during tho thu year 1900 1906 1 06 totalled totaled Of Ot this vast sum Hum lum was paid In death claims In dividends and tho time remainder In various wava None Nono of ot these figures Include what Is II known aH as Industrial Insurance bust busi business bustness ness except the tile last lust two sums sum sumIn In this country there ore are policyholders This statement does not mean that that number of oC persons Imerson carry car life Insurance but It represents the tho total of policies In nInny many lany instances ono one person Jerson carries n II policy In various companies und anI the policies not the Iho persons are counted limo Tho he average amount of ot each policy Is IB 1944 I H Taking again Into consideration the time statement that some seine 1010 persona persons carry carr more than one tho the average for tor each Indi Individual vidual would bo be higher than the aver average average average age of ot policies HEADS LIST Credit for carrying carr the thu largest amount of Insurance of any man In this country countr belongs to John of ot Philadelphia the time sum that would go to his lili heirs from that source at atHis athis athis His decease being In Utah two wo men divide honors In the direction ton Indicated Newhouse and an Alfred Alre W McCune each carries caries Others with heavy policies are S II IL Auerbach J 3 A A Cunningham I Thomas Thomaa Kearns Frank Knox and others INSURANCE IN UTAH In the tho last annual report r port of ot Insurance alice ance In Utah Issued from time the office ot of tho the secretary of ot suite the risks In force In this stale state are aro placed at 37 Of Ot that amount was wa written In 2906 1906 and during that year ear was paid to local policy hold holders ers rl Since the tho Investigation not of life lo In Insurance method instituted by b tho the slate state of at New York York the conduct of ot which paved aved the way for tor placing Char lesIon A A Hughes Hughel In the time gubernatorial chair and made of ot him a 1 presidential possibility many changes In the laws regulating Insurance InH have been en enact cd od cc Most of these revisions are ar ad lui omitted even Iven by Insurance to have havo been ben of a beneficial character Some ot or them however are deemed by bythe bythe bythe the class mentioned to have havo b ben been en con conceived conceived and enacted while the public mind was vas WI more mor or less agitated and andIn In some sonic Instances actual hardships are declared to have been bell Imposed upon Insurance companies These alleged harmful features feature I In the opinion of per persons person persons sons making the claims will In due time son makInG bo ho rectified The New York law III governing life Is known kown as ns time the Armstrong law la and is said sid to Involve the tho Ideas idea of Mr r Hughes TUB TIlE TIE ARMSTRONG LAW LAW TIme Tho Armstrong law Is ls directly re Fe responsible r for the introduction Into sev several eral at least of at the old line lne companies of what wat I Is iii II known as the tho new standard policy The rhe following will wi give an understanding of oC Its Is provisions In Iii case of tile tho death of ot a man titan 40 II of o for tor Instance who was years yearn age WI carrying Insurance to the amount of ot say 2000 an nn annuity equal to tho the amount paid upon tho the policy each year ear or approximately would woul be turned turell over to lo time the beneficiary benl clury during the Ule re ic remainder remainder of ot his or liar her life time Should tim the beneficiary clar dlo die before tIle the 20 years I expired time tho th annuity would go 1 to time the estate until the tho 20 years had elapsed d and amid would then cease camille But so long longus ns us tIme the beneficiary survives the annuity car continues though time the person per o bo be 1 a I hundred years old or more moore rime Tho average ens life Insurance policy Is 1 I ns no stated ta ed In n Li I t sum approximating 2000 or to be exact 1914 1944 Such a mm sum placed at nt tho the of ot a widow for or Instance perhaps with a ti ot of children Immediately after the taking away of or tho support of the tho to could not prove proVo other than a n windfall How It might Ight be he Invested Invented whether profitably low or a otherwise hut but thas an ito another UJ other story atory as mis Kipling says |
