Show UTAH CONCERNS TO FILE REPORTS Beneficial and Continental Life I Insurance Companies Are I Doing Good Work BOTH SHOWING GOOD GAINS Radical Changes in in Eastern Firms Firms' Help Local Main and Branch Offices Utah life jfe Insurance companies will file lilo with the secretary of or this week their statements for 1907 showing show ing substantial gains In business written written writ writ- ten during luring tho year car and excellent ad ad- to reserves and surplus that will fail fall to reflect any signs of or money stringency or hard bard times These home companies the Beneficial Life and the Continental Life Insurance and Investment Invest Invest- mont ment company ure are working on the thc ft general proposition that with fair values offered in return the policy of oC keeping keep kep ing mone money at home Is one that appeals to the business man of or the intermountain moun inter tam tain countr country Since the general revision of or life in insurance In- In methods and anti practices the brunt of or which was borne by the tho larger harger larg larg- er companies of the tho East life lire insurance insurance ance anc has become a n commodity of fixed value to a greater extent than ever before in the history of oC the business The Tho campaign for safe and sane sane- administration administration ad nd- ministration of or the affairs of or life lite In Insurance Insurance insurance In- In companies whereby the policyholder policyholder policy policy- holder receives recel his Just dues has also been beon one of oC education to the general public and tho prospective buyer of or Insurance pays pas more attention to tho the goods he is buying than before tho the exposures of or mismanagement which have r resulted in hi radical changes Uniform Policies Polich j 11 th sult of at th the lc I b b en n tp ph plate place ice o standard ot values for insurance that has resulted in the establishing of ot policies that are nearly uniform In all companies and arid although man many Institutions have o their theil specialties one on ma may bu buy almost anything anything any any- thing in the lie Insurance line Une from an any prominent company Tho The Beneficial Life of Salt Lake was started in 19 1905 5 b by local business men who believed there was an opening for fora a home company compan that would keep Its share sharo of ot tins tue hun hundreds reds of thousands of or dollars paid for life lire Insurance b by Utah people within the state A demonstration tion of the soundness of the reasoning of the lie organizers of or the company compan Is shown b by the report for 1907 soon to tobe tobo tobo bo be filed that will show a total of 2 of or Insurance in force as ns compared compared com- com pared with written during the first year ear of or the tho company's existence nce Since the first annual statement of the lie company was filed two years ago th the assets of or the tho company nave have Increased from to and the re reserve reserve reserve re- re serve fund of or the company compan has hns In Increased Increased increased In- In creased from to Your Year Fortunate On One The year ear 1907 was u u. fortunate period for the Beneficial Life LICe Inasmuch as the losses through deaths was on only while the expected mortality according according ac ac- ac- ac cording to the experience of tho the principal principal principal prin prin- cipal life insurance companies of the country was The annual election of directors of ot the company compan held last week resulted In tn four new names being added to the board These are arc re L. L S. S Hills John C. C Sharp John R. R Winder and Joseph Nel Nel- son One of ot tho the vacancies was caused b by the tho death of oC O. O J. J Salisbury several months ago and the names of ot William L. L Rich J J. J T. T and Edward I. I I Rich were dropped The new board of directors will meet In three weeks and elect officers for forthe forthe forthe the year ear Tho The present officers aro Joseph F. F Smith president John C. C Cutler Cutler Cutler Cut Cut- ler first vice rice president Lorenzo N. N Stohl second vice president Joseph Nelson tr treasurer and ard John secretary and mann manager er It Is expected that the lie officers will all alJ be re rc This com company pan has hits been admitted b by bythe bythe the Insurance departments of or Utah Idaho and Arizona and It is expected that within the next few tew months montha It will begin business In Colorado Grows The annual report of the Continental Life which began borran business about ro four r I J S years ago shows sho a total of or Insurance In forc forces at tho the close chose of or 1907 This company compan under unde the management manage manage- ment of W. W H H. Cunningham has mn made e excellent gains in reserve anti and surplus as aa well as ns insurance In force during th the thelast thelast last month since It was practically re reorganized reorganized reorganized re- re organized and the gross lOSS assets of ot th the tho company compan have been Increased more that than per cent cent- This company is now nov doing business In nine states having entered Nevada during tho the last year ear and or organized its agency force in New ew Mexico V Practically all of ot tho the funds of the tho two Utah life insurance companies arc aro invested in Utah and Idaho first mortgages mortgages mortgages mort mort- gages on real estate and high class clas Industrial bonds anti and stocks |