| Show ii ri nl I INSURANCE INSURANCE II TO THE TILE LIFE INSURANCE J. POLICY HOLDER OF Ur You are taxing your In Income ome every very year a sum of ot hard earned money paid for tor Ute life Insurance pen pendent ent to pro prevent mt your our de do- do ones from becoming at nt your YOUL- death a public charge Your generos generos- It its ity as a husband and father tather and your oUI I prIde as a cHI citizen zen move more you to provide a n. fund Intended to bo sacred to tho en end of or saving I. your our f family from becoming charges upon the estate fund the tho state arbitrarily assail that thatTo To Illustrate A A talt taIc taken n poor pOOL man su suddenly denly away by accident or Illness leaves os ance alice a no helpless family without Insurance incur incur- or of or other othor property In an outburst collection sympathy the neighbors tal take tako o up a to provide for tho destitute ones The Tho te In arbitrarily stops and takes take an determined part parlor of donation er c every before It allows B tho the total cum aura to bo be Tho lio neighbors given to the tax lax widow or orphans hove HElve the themselves to re re- re bereft and the state slate taxes the U la laThis This In lit err effect Ct Is life Insurance A tax upon Insurance funds ia is tax lax upon a ta tax tax- a Tho The Insurance com pan leu do not own tho mone money paul paid to them the they owe every over dollar of ot It to h him bin and to tho the othor other h policy holders who paid It They Thoy simply must hold the mone money In trust t and account for tor and It all aU back It Is i not eventually pay therefore set of ot an asset asset as as- as the companies it Is a liability A ta tax upon Insurance funds Is tax upon a a. adept dept a The premium char charged ed by the companIes com corn panics is ts exactly sufficient lU to cover the hazard and to Justify Justly tho benefits bestowed be- be stowed d b by tho the policy which tho money buys buy so that nil all taxes assessed against this money must bo ho paid from surplus earnings of ot tho the companies These surplus sur sur- plus earnings aro equitably divided and paid back to hol policy holders or who use them or should be allowed cd to uso use them than to 10 reduce the cost coat or to Increase tho amount of their Insurance In the year ear 1806 1906 tort two forty two life companIes coin com panics reporting to tho the Insurance de do- do of or the tue state of ot Now V York though doing business In nearly all the other states slate returned to policy In dividends the sum of or but were compelled to pay Into the treasuries of or the governments and states In which they thc were cero doing budness busIness busi bud ness In taxes or 2622 percent percent per cent of or tho the amount of dividends re ro- ro turn turned d. d It If these ta taxes had not been added to the ho expenses of or the and therefore mado made available for that purpose pur pur- pose jose at the average ago age and average premium the members of oC tho the companies could rould have havo purchased for themselves es or r their beneficiaries more moro than three hUn hundred re and fourteen millions of ot dol dol- lars ars of or additional Insurance The tax r C f life Insurance premiums conies comes straight home homo to tho Individual member through tho com company pan and he ho s pu It out of his own To him It t appears simply as a n tax on a n. coy cor- and not upon himself because bo- bo cause ause It Is Indirect the company being morel merely tho the channel of ot distribution But Dut Bute lie Ilc e alono alone pays It and remains In Iii of the fact that the state has had Just so 80 much to the price Hico of or his personal or family protection It Is argued that as the state should the tho business of I Insurance lone one In the tho state slate to protect the Interest f t the tho policy-holder policy to bar Insolvent or or predatory re a tory companies the holder alley hoder should dould bear benr the tho cost of ot uch luch supervision Admitting i this to berue berue be rue rue ue should not tho the tax be bo limited to the cost of such supervision economically economIcally econom econom- exercised In Utah last year the cost of ot supervision supervision super super- vision wits about while tho the tax lax imposed and collected was 03 more moro than Great Grent statesmen great educators educator state insurance prominent ent cat earn earnest st men nion oppose Q this tax tnt upon calamity where human misfortune and ana sorrow borrow are arc made mado to pay tribute to tho the state treasury In England taxes are uro remitted on other of ot taxation In proportion to tho thu amount of or life Ufa Insurance premiums a 11 man pays In Utah In lu addition to his hid other taxes ho ha JI 1 Ji cent cents sn on o er every dollar of ot his life lICo premium Lvery man who pays this tax tec rec to it that the tho truth bo be brought homo home lomo to hits bun v n and that ho tic 8 s tim tho responsibility Tor for action cllon this winter to tile tho end and Unit that thin hl wrong lu iu ep speedily righted UTAH A ASSOCIATION i OF OP LIFE LII U l M. M L. L I Robinson Will G. G l arroll president Au 0 u Perfect I ii Tho The Or Oregon gon Life has sen sent 1 us Ul a copy of an nn application which It received from froma troma a man thirty Ova years ear of ago o It ShOW a Q family history which Is about ae oe nearly perfect as It is possible to boThe bo lit The applicants applicant's parents and J all his parents grand are ore living and In good ht health at ages ranges up to two years year Ills lis two brothers and four tOUT sisters aro are all aU in good health no nu brothers or sisters have died and th the applicant himself appears never to have had any serious Illness Ills HIB father had ten tan brothers and arid sisters all of whom are arc still living except one ono who died In childhood as a a. result of a runaway Y ac accident accident act ac- ac and his mother ha had nine t brothers and sisters of ot whom all 1 arc are who dl died rd of still sun living except one ono sitter sister old Tho The dysentery when eight years ears applicant Is 5 i feet reel 11 Inches In height and weighs pounds Such a cl clean n application is a Q jO joy to tho agent medical med mcd- ical examiner and the company compau but Is seldom encountered It Is not likely ly that any successor will bo be appointed In lu the tho place of oC tho the late Grover Cleveland as chairman und and counsel of tho the Association of ot LIfe In Insurance In- In Presidents Senator Ex-Senator Robert Rob nce will be Lynn Cox former secretary general counsel and manager Provo Prove Utah October r SO ZO O 1 1908 08 Press Prots Bureau Salt Bait Lake CIt City Utah Utah- Sirs sirs Noting Noting in tho the insurance column in the Salt Lake City papos regarding tho the answering of questions lJ relative to life insurance I would be bo to have bavo you ou answer tho the pleased concerning tho ing questions V lU association o of Life Lifo Are they Uley reliable 2 Aro Are Uio they 1 3 In a legitimate wa- wa way doing doln death claims 3 Do they and PO pay honestly their 4 Are Aro th they handling promptly their money properly 5 What Is their surplus I Iam Iam I Thanking you for bc oJ an early reply am Yours Tours truly An s w 9 lr r in ulry from bureau r c ivd ain an inquiry The together tos which WIlS published yo your city 1908 To this NaY May 30 10 wIth the UJ answer I question nd Its answer wo we refer you association tho the same concern samp the as 08 they about wc which you have written will wUl endeavor to answer wo we However Howe and andas andas specific questions as briefly your fairly as the tho conditions will permit I as is doubtless roi reI ro- ro 1 m The association business management but i liable as to I certainly not to be r re-Hod re upon as QS asa It it 1 la ii laC organIzatiOn from a a. athis a a. financial vIew po point nt 2 Their bustness bust bust- Is 18 secured l legItimatelY but while ness this is 10 true the tho average certifIcate certifIcate- ot of hIs contract knows 6 nothing holder which he 15 of length 3 This seems to take advantage t technIcality possible to om- om of every k eX- scAle lc its d death dOuth ath claims ie- ie of ot tho the ago of oC the Ue certificate are arc innumerable and The Tho restrictiOnS intolerable and continue continuo aa as long a as the certificate Is In tn force The Th Thc c certificate 1 Is l a sl sided one ed contract which may maybe maybe I Ib cute call a changed at any uny time without the thu be b knowledge or consent of the c certificate certificate- rt holders CO 4 t The funds of the associatIon association tion tion arc are invested with care cale and prudence pru pru- There Thoro is no to toP dence 0 j P f you wiiT nIl send 20 O cents cento to J. J F lr box Indiana Matson for the June Junc l 1908 OS Issue of ot Matson's you ou will HI receive recel desirable bl In detail regarding this as- as Bod a |
