Show Million as Dividends t Paid to Insured Americans Dividends paid to American poll poll- by the life insurance companies operating In this country country coun coun- try totalled in 1947 the Institute of Life Lire Insurance reports Total dividends left with their companies by policyholders to accumulate accumulate ac ac- ac cumulate at in interest erest for the first time topped at year year- end Policy dividends in 1917 1947 were greater than In 1946 an increase of 7 per cent the institute institute institute tute said This increase reflected the greater volume of life insurance insurance f ance owned and the greater age of the bulk of the policies rather than I higher dividend scales Actually the 1947 dividend f 1 scales where they differed from those of ot 1946 generally reflected lower rates of refund due to continued continued con con- declines in earning rates Earning rates mortality experience expert expert- ence and operating expenses are arc the three major factors which determine determine de de- de termine the dividends to be paid year by year Dividends paid to policyholders are not dividends inthe in inthe inthe the usual sense but refunds on premiums premiums pre pre- paid for tor participating poli poll cles eles During the year of off f the policy dividends coming due to policyholders were used to pay payl l policy premiums This was the f most extensive use accounting for forr r per cent nt of total dividends l |