Show PRACTICAL OLD AGE INSURANCE one of the most important phases of the life insurance busi bus ness during the past decade has baa been a drop in the percentage of life insurance funds going to the beneficiaries of dead policy policyholders holders accompanied by a rise in the percentage going to living ers where 20 years ago a majority of payments were for death claims the majority is now for annuity payments matured endowments dow ments dividends and disability benefits which are collected by the person who bought the policy in the first place and whose thrift and foresight kept it t in force during 1934 for example united states life insurance companies distributed the gigantic sum 0 of f to policyholders policy holders an and d beneficiaries of this total 1 I 1 went to living policy holders and but to beneficiaries this accentuates the changed aspect of life insurance the people no longer regard it as being merely a way of protecting dependents pen dents in case of the wage earners death they regard it as being a definite investment as a means of protecting themselves in old age they use it to educate children to build estates to guard a against 1 ainest business reverses and for a multitude of other necessary purposes the upshot of this change is the gradual building up of an economic bulwark that will be a gi cicat cat protection against unknown exigencies of the future |