Show HE RECORD BY INSURANCE CO the most unique life insurance company ever organized la is domiciled at salt lake city and is close to the millionaire lio class possessing at the end of 0 1313 1913 admitted assets of all live men know the name of this company the beneficial life it was created without one cent of promotion cost except the necessary legal tees fees and it did not have one cent of fictitious value tacked onto the par value of the stock the stock was at the start and it gained surplus from the beginning which itself Is a worlds record and has continued to gain each year so that at the end of 1905 after seven months operations it boasted of a surplus of 3 in 1912 it increased its capital to again selling it at par meantime it started to pay dividends so that at the close of 1913 this is the remarkable record of the beneficial lite life capital assets net surplus dividends paid to stockholders no such splendid record has been made before in the history ot of life insurance organization iza tion the man responsible for this record Is lorenzo N stohl who organized the company mr stohl Is an old time insurance writer the company is owned by members of the mormon church in its management there is revealed the same skill that permeates all the business enterprises of that church similar articles regarding the beneficial have appeared in the prominent insurance journals in the past few years indicating that the remarkable achievements of the com company pirly are fully recognized by insurance experts the beneficial came into existence to meet the demands of the people of the intermountain regions for an insurance company of their own which would devote the funds which came into its hands to the up building of the communities from which it was collected many of the most prominent and successful financiers fian flan ciers and business men of the west were interested and the organization completed ready for business june 1 1905 with president joseph F smith as head of the company modest quarters were obtained and the foundations laid for what has proven to be the most successful insurance organization in the history of the business the compa avs growth has been rapid and steady until today it occupies practically the entire sixth floor of the vermont building and has well on toward two hundred people connected with it one of the principal reasons for the great record is reflected in the attitude of its officers as expressed by president smith at the ninth annual convention conT entSon of the company held at salt lake city last june in the course of Ms rent arks to the companas Comp anys representatives president smith stated that it was the amli iiii and determination of the officers to have the company live up to every obligation promise and estimate made to its policy policyholders holders and that this would be done without question aven though the stockholders would not receive a cent in dividends it if this proved necessary A statement of this kind coming from such a source has had a wonderful effect upon all who are interested in any way with the beneficial the Benell beneficial cial now writes all forms of insurance su living up to its original pur pose of at supplying insurance in a home company tor for all the people of the west it Is the only home company which writes industrial insurance in 1911 the need saeed for a provision which would enable the company to write insurance upon children and adults who for various reasons were unable to carry the regular policies became apparent and the industrial department was wag organized with frank an experienced insurance man la in charge this department from a very modest beginning has practically duplicated the suc success cess attained in other departments more than policies have been issued in the department alone and today it Is represented by nearly 40 people among whom is john E baird a prominent citizen ot of brigham from time to time all departments have extended their districts and now ten states are included in the companas comp anys territory nearly agents are employed all ot of whom write all forms ot of insurance the disturbed conditions in europe and throughout the east have served to emphasize tile the strong position ot of the beneficial and its policyholders policy holders par far removed from the great financial industrial and political centers such conditions as those obtaining at present do not disturb this strongly entrenched company in the least the people ot of the ton ten western states in which it operates have shown implicit confidence in it and today with more than of insurance in force it stands as one ot of the financial giants of the west and promises in the next ten years to even excel its already remarkable record the officers of the beneficial lite life are joseph F I 1 smith president john C cutler vice president lorenzo N stohl 2nd and vice president and manager axel U B C Ol ilson secretary henry T mcewan treasurer richard NV young general counsel frank supt bupt industrial department W R calderwood medical director junius rom aey supt bupt of agencies |