Show L U U 01 au NAHUN ny lly products of I 1 institution ution saki said to aid economic balance of united states U ING OFTEN STARTED INSURANCE LEAD TO NEW AND amter conditions ny BY W L ALEXANDER secretary Se creary equitable lire insurance ranco society editors noto note A now riot not tor for to 10 overage man la Is struck in tile the fol ving article by W L alexander of ono one of the worlds greata insurance companies tho the equit ble lite assurance company tile the ore cio tact fact of his official position with lie company insures his familiarity ith ills his subject in addition ho lows that insurance la Is not merely force whose direct benefits to its imo amo diate policy holders is its solo sole itle to lite life and growth lite life insurance la is now exerting an all ta ndue fluence of tar far reaching importance in ili tile the development ot of our nation while tile tho services serviced it la is thus render ing aro are of value they att i tact act little attention because they cov or cr so so to speak onia uio tao products byproducts by product S of lite hee insurance let me explain the chiet chief province of lite inbur atice ance la Is to protect the individual aga dinst tile financial injuries that tollow follow in III tho the train of death now Is it conceivable that any ot of the tha by pro ducts re forred to hero here can bo be as use ful as this let us see olio of those by products is tile the value of life insurance in teaching tin thrift aft to individuals thus strength fling the composed of those individuals it if it bo be true that lite life ranc Is tile the boat best of all teachers and pro notera of thrift and ana it Is then lie he extraordinary importance 0 ahn product byproduct by will be obvious toi ave everyone knows that most f the tha or ithary schemes for tho the promotion of thrift ato aio ineffective allot luis disappoint appoint ing lloa LIN idle money laid aside for investment in ordinary ways usually lies idle or 1 apont to rel lovie temporary embarras or is sunk bunk in business vent res multitudes of people with dorthy motives start savings danl aal ote accounts counts nut but they soon foon tiro tire of depo slats or it if deposits tro made and somo some pinch comes tho the noncy if Is withdrawn ann aim spent bilut tit thu man who agrees to dp de a specific sum with ito insurance company enters cintr I 1 i contract andor which those do posits become obligatory anil and at al fouli lie ho is free to steil making them no lie cannot ilo do tie ao without sacrifice anil and without breaking ills agreement a pressure la Is exerted which strengthens ills his purpose unit anil aids hibit tit in fulfilling the obligation tie lie has voluntarily voluntarily assum assumed od in ili addition nil dlton to this lie ho Is ig taught systematic habits of saving ills pay aunts abunta full fall lite duo tit nt regular intervals Vii anover ito ho la is forgetful or dilatory to 10 la 14 reminded ot ilia hla obligation and allot lit in ino mooting eting it thero there Is no othir r method of saying moreover that thai Is as convenient and basly carried out small savings it roust must bo be noted ulso also that tile tha savings of innumerable auais how flow in III tiny tilly rills into mhd groat I 1 of the ansur niico companies thus funds which bould otherwise bo be wasted or ilo to idle to 10 used to develop tile tho industries Indus tilea of lie ho nation Mall cloua people have hava assorted asserted that tho the compisi oa lioard heard tile money received frum front gieir policy policyholders holders the of ills la Is true tho companies aro aio piling every year lit in death claims matred endowments dividends and ath as aa much money its as llroy tile are aio aking in in ili addition to this they 10 coutan lly investing their funds fund it 11 tho dIffer different ont S and aro thus iding in ill tile development of tile ill hi of tho the country noto note what I 1 F 1 abbatt nt lot tile outlook all i raid in ili thili thia connection tile american Aiu encin public politic t idolf not yet volt on begin to what tile life ln ill aratico ilia tira compan loa havo have dono loll 1011 in ill tile ay of enabling tile tho individual CIO on to savo ills hla illo money lloy and to put it useful work not holy in ili pramot ig hla his own prosperity but also alno in ovo loping tile resources and tile tho gon goll iral welfare of tile the coul country itry what i ro these gigantic asiclo doing 7 tre iro building inilla nd fill factories clearing land cultivate ig farms apfl and furnishing much ot of ile 0 o industrial power and energy I 1 aich has haa mado made the people of tile tho liked eliud states tile tho greatest groa loyt nation in ili lie he world noto note aso also what mr air abbott ims has ild ill about tile the value of mo s a oft thrift to tile tho il alto alio a young man mail of twenty who i starting out in ili ills his business carbor I 1 can argue with him to open a say eav figs bank account until both lie ho and aro are black in the faco but without luch success suppose J 1 do pon I 1 him ind find lie he makes tile tho start ino 1110 athnos out of ton his regular do tall fall into innocuous inno desuetude anally dually ln ally ho he draws out his balan balagso 0 o to abot some emergency timer gency and the on la Is ended but 11 it 1 I can per made him to take out a life ansur nce lice policy lie ho la is compelled to pay the lite premium annually and regularly i order to got get tho the full benefit of tho the undertaking taking it Is tho the regular annat annal al premium that forms tho the compel ory motive betterments another indirect way in ili which life ns urance benefits tile the state and nation is by increasing tile the number of elt respecting self reliant self supporting people thus reducing tile tho direct expenses of tho the state and nation for asylums police departments agencies of Jit justice stice jails wardens homes home for tile the destitute poor poorhouses houses and hospitals this being so it la Is to be hoped that the time will soon come when the federal and state will remove at least part of the heavy burden of taxation hat now falls on that thrifty section of nt our people who invest in V e 8 t their savings lit in life insurance that tho the companies should pay tor for the expenses oKpun soa of tile the departments that supervise hem la Is reasonable but beyond that life insurance should be fostered and not penalized there aro are many other indirect ways in which life insurance benefits the individual and through ille tho individual the nation thaman alia mati for example who carries life Ars assurance urance secures a valuable endorsement in business circles ills his financial strength la Is increased ills credit improved ilia hla lite life insurance protect him against bil business siness risks and safeguard tilt ills enterprise during their development it provides for le e payment it if his inheritance taxes thug leaving oils ils estate unimpaired tor for his heirs lie he becomes a better stronger I 1 more useful citizen nothing causes more it the present time than the convict between capital and labor and heio life insurance stops stopa tit in anil and enables the employer to give protection to tho the famille of his employed emp empi loyes toyes by means of group insurance thus thug aiding him in removing prejudice and osta establish blish ng confidence and good will by relieving rel loring men of worry and an all clety life insurance also maintains their health and increase In creast theor eill cl clency eticy and when tilt the arc taken ill their Inaura often a potent patent aid in ili baste hastening their recovery ilas has not enough been said to prove that every patriotic american evory philanthropist every man with civic thild pride should advocate life inaura a neo it if for no tit other reason than of its power in buttressing our nation |