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Show 4g Beneficiaries Receive Over $6.1 Billion in DESERET NEWS, Tuesday, May 20, 1969 Biggest Year For Utah Families in Utah bought more life insuaince during 19(i8 than in any previous year, and ended the ear with a record amount of protection About $5 5 billion of life insurance is now in four throughout the state, according to year-enestimates by the of Life Insurance. Utah families increased their protection by $400 million or 8 per cent during An estimated $580 million of Individual life insurance protection was pui chased in Utah under ordinary policies durabout $70 million ing the year or 13 per cent more than in 18 The largest amount, 3.2 bQ. tute of Life Insurance. was paid on indi idual ion, time that first La the' It was the policjholde.s throughout under insurance bib $6 exceeded 'ordinary United States received more these payments n in a single year. They were policies Death payments frorJj tnan $61 billion Id death life insurance totaled $2.jr irents during 1968, according to $485 million or 9 per cent higher group billion. Insti-ltha-n 1967 payments. year-enestimates by the Beneficiaries MILLIONS FOR UTAHNS Invest In Mortgages ments help to keep down the cost of life Insurance to policyholders. The life companies residential and commercial mortgage This was an increase of investments In Utah at the end of 1966 included $228 125,000 in $23,937,000 or 6 5 per cent during mortgages, the year, in financing of Utah in home loans offices, $104,908,000 homes, apartments, insured by the Federal Housing stores, farms and other real estate by the nation's life com- Administration and $43,185,o6o m home loans guaranteed by panies. the Veterans Administration. d total The states year-enThese Investments covered included $376,218,000 in residenLife insurance companies mortgage investments in Utah totaled $391,269,000 at the end of 196b, according to the Institute Life Insurance. conventional of life insurance pay-'lio- d mortgages, in- - California had the largest and amount, $9,007,563,00 and showed residential eluding 28,140 the largest dollar incommercial and 610 farm mort- by far over 1965. Texas was crease gages. The residential and com- second, with $6,105,675,000. New 28,750 individual Included loans mercial 5,170 V.A. 13,380 9,590 F.H.A. conventional, and mortgages. life 4 i . I York was third, with - $3,472,153,000. Illinois with $2,1043.678.000 ana Ohio with $2,736,- 072.000 wer fourth nad fifth. "if $63,131,589,000 invested increase States, , 4 $. had companies Loans in Canada, Puerto Rico in mortthe United and other countries brought the gage throughout of total mortgage investments of an $4,403,648,000 or 75 per cent U.S. liie instance companies to $64,608,546,000. during the year. The tial and commercial mortgages (up $22,359,000 or 6 3 per cent fiom 1965) and $15,051,000 in farm mortgages (up $1,78,000 or 11.7 per cent). Continued from Page B--3 These are mostly funds set with $235 million insured aside to meet the life insurance es, by FHA. to future obligations companies 51 4 by the construction work itself. The projects Include hospitals and nursing homes, industrial plants, commercial and retail ventures, warehouses, neighborhood service centers and educational facilities. The 163 companies partici and communipolicyholders. Until needed, the money is put to work in the na- ty service facilities account tions economy, helping to fi- for about $190 million. These But the states protection Is nance the growth of each state, involve about 25,000 permastill well below the level recomEarnings from these invest- nent jobs, plus jobs created mended by many experts who say that, as a rule of thumb, families generally need Providing Life Insurance Protection at least enough life insurance to cover four or five jears of for residents of the income. At the beginning of 1968, the Greater Salt Lake City Area average Utah family had about for more than 50 years $17,600 of life insurance, which was equivalent to about 1.9 BOUNTIFUL SALT LAKE CITY years of personal Income. D. A. Beckman John R. Cushing The Institute estimates that W. Peter Brandley Gary Keller life insurance companies paid S. Lloyd Riley Cecil I. Bullock about $22.1 million during 1968 Thomas Secrist Clarence S. Coombi holders who died. This was GRANGER Steve K. Dean about the same as death payDonald Evans ments in the state during 1967. Wayne K. Andreen Dale Smith to beneficiaries of Utah pollcy- Terry Gottlieb MAGNA Gary K. Griffiths Phil Brown Ferral D. Mason John Ricci Douglas Hansen CANYON RIM & PARK CITY When you apply for a life inByron J. Riches surance policy, chances are betStephen R. Silver Joseph L. Sheppard DISTRICT MANAGER ter than 9 out of 10 that you can Neldon A. Tucker Patrick J. Cain John F. Watson get it without having to pay any extra premium for impaired Robert T. Wells AGENCY MANAGERS health or a risky occupation. Richard L Henderson Harold M. Wright The Institute ot Life InsurHans G. Hubert ance reports that life conpanies Stanley H. Mellor approved 91 per cent of all apJ. Brian Whitesides plications for ordinary" policies at standard premium rates. Call Representative your 3967. - Surgery Cost Up i : - & v 1 JL. f jM r :& A - :4- i & ," j If xfv? vt X vV A '?b'Az - I t ts Professional Services Pin pals Have You Had Your Electronic Family Security Checkup Yet? Serving professional people 13 right up Grant Macks alley. But when those same people are friends and bowling buddies, it makes it twice as nice. of Tru-Te- k Salt Lake City dentist LaMar B. Hilton, and Morris D. Stark, friends of Grant Mack. As a result, Grant was right Dentai Lab, are both long-tim- e business there to help his friends when legislation was passed to allow retirement program. He set up a Standard HR-1- 0 and professional men a retirement program for each of them. contribuStandard's HR-1- 0 plan allows persons to make tions of up to 10 percent of their annual Income (or $2,500, whichever Is smaller) toward retirement. Contributions and dividends are not taxed until retirement, when lower income and higher exemptions give the holder a better tax break. er Your Metropolitan Man can help you build greater financial security for your family or, If you are in business, he can help you build sound business security. caii Mt. Olympus District KEARNS C0PPERT0N Alfred V. Avery KEARNS TAYLORSVILLE Daniel V. Barker HOLLADAY Woyn M. Kelley Clark J. Christensen MIDVALE UNION Roger P. Meyer SANDY, WHITE CITY & RIVERTON Bruce A. Danmele WEST JORDAN & SOUTH JORDAN Dennis L Carlson 0 RIVERTON P. Grant Witt J. Ralph Mantle Kenneth D. Olien Metropolitan Life ed 6 DRAPER MURRAY Orm P. Block Patrick J. Cain, District Manager 266-449- give Grant a call and let him explain Standards HR-1-0 you're program. And, if you liks to bowl, maybe they'll even put you on their team. If d, MIDVALE Richard L Keller William D. Hunt Phone: 484-527- 9 Utah Agency 1587 BUTLERVILLE Leland S. Winward S. Main Street Salt Lake City, Utah Manager: C. Dwight Jensen SANDY Milton U Etdredg Don E. Carison, District Manager Terry L Johnson, Agency Manager Standard Ellis V. Bringhurjt, Agency Manager Wade W. Oakeson, Agency Manager ESTABLISHED 1906 Metropolitan Life LIFE INSURANCE COMPANY HOME OFFICE: PORTLAND, OREGON HEALTH 'GROUP FREE VINYL POCKET ATLAS Send For Yours Today We Have Moved Up! Thomas B. Bedford and the associate members of the Ohio El their offices to Paso Natural Gas Building. The new expanded facilities will better enable them to provide Ohio National Protection for your family and busi- ness. Whether you're interested in future family secur!y or in lasting business protection, you are entitled to the specialized knowledge that this Ohio National Te6m of professionals can provide for you. Money for your continued business success . . . Money for your family ... Money for all Ihe things you wont to Jo at retirement. 12-m- THOMAS B. HOWARD O. W1SC0MBE PFDF08D fevi sjjv ... 5- v t ' b. -- vi. lit. t LEON i D. RUSSELL CARR BRYANT 0. PETER HANSEN R08ERT R. HILLGREN DAVID IARL L JEPPEStN a a3 JAMES G. FROST W. PARKER ,, rm ... Someone once said, "He who plans predicts his future but maybe it takes more than fust a plan . . . maybe it tokes an outstanding plan. Way back when you were at least nine years younger, Surety got into the business of Toiai Concept Planning, caii ii FunuLye Its the best way we knnw to plan for adfor vanced education, missions and retirement Its tailor-mad- e persons under the Keogh Act Be- 'f V m SHIRLEY MINDBERS cause it can combine the best of life insurance and mutual funds, sold and serviced by people who know how through experience, we think it can make your life line twice as strong. To help you know where you are going, send in the roifpon below. Of course well have someone call on you . . . how else are you going to find out road atlas for you in case youre planning is for ycu? P.S. He will have a if FimdLife Why don't you come end see Ohio National's new home and let one of these professionals guarantee your brighter future. personal-pocket-si- on going somewhere this summer. a new way of life from Surety Ufa Insurance Company P.O. Box 2520 Sait Lake City, Utah 84110 THOMAS B. REDFORD AGENCY Please send ui free details on FunlLift financial Planning for our family. Name.. LIFE INSURANCE CO. a L Quality name in mutual 319 1.2nd So Suit 301 ... it- V the 111 Grant Mark (sealed behind d'S) explains Standard's HR 10 retirement plan to bowling buddies of Tru-Te- k Dental Lab, clients Dr. LaMar Hilton (seated left) and Morris Stark (standing), Check-u- p National Life Insurance team have moved J, as The program currently is financing projects in 42 states, the District of Columbia and Puerto Rico. f Salt Lake City District Office 633 East South Temple Street Phone 328-256- 1 report of a study conducted by the Health Insurance Association of America Indicates that since 1955, the cost of even minor surgery has risen over 50 per cent. The cost of a tonsillectomy, which averaged $53 in 1955, was an inup to $90 last year crease In the average, of nearly 70 per cent. pating in the program represent 90 per cent of the assets of the life insurance business in the U.S. Vi 'r (Ne ebffgettoe, ef cowrie) A 4 &4 k w free for A 1 v Chance Is Good a J. Zl'PWj Insurance Companies Ease Blight Electronic Family Security 63 life and health insurance Phn Cincinnati 328-185- 6 Balanced WmiHHIHMHX jgmY: Address. J City.- - .State. J UtRnnMK.Liiru51wurr,UpwUuwaet.ly J |