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Newspaper
Amarillo Globe
Location
Amarillo, Texas, United States of America
Date
Nov 06, 1941
Page
8
A 1940 survey shows skilled mechanics and factory workers purchasing 962,480 ordinary life policies, the largest group, as national defense prosperity drives higher coverage. Clerks, unclassified workers, and farmers follow. term policies shrink while lifetime protection grows in popularity.
In Torrington Frank Brown Jr frees a coon as his dog runs between his legs causing him to fall down an embankment. His .22 rifle discharges sending a bullet through his face, piercing the mouth roof and exiting the chin narrowly missing the jugular. In Utica Lawrence Mertel uses the Hatch Act to gain army deferral stating his hatchery must finish before he serves. The draft board grants the deferment.
Publisher John C Leissler Jr discusses the paradox of life and disability insurance in The Southwest Insurer. He argues life insurance remains essential yet hard to sell, outlining its evolving role from final expenses to funding education and emergencies, and questions taxes and public apathy.
Jefferson Standard Life Insurance reports assets over 100 million and in force policies surpassing 442 million. Through the first three quarters this year paid-for business totals 42 million, with force in excess of 435 million and a six month rise of 13.5 million. President Julian Price notes defense spending as a factor driving higher production and renewals. The company declares a 75 cent semi annual dividend per share and notes surplus, contingency funds, and pension reserves rising to 7.2 million.
Dr. J R Lieb of Springfield reports success cultivating Japanese and Chinese lotuses in the corn belt along with the yellow fringe orchis and tropical lines. He notes public attitude has improved and links orchids to a potentially expanding life insurance market.
The Mutual Benefit Health and Accident Association grew from 288 members in 1910 to nearly one million, expanding into 48 states plus Canada Alaska Hawaii and the District of Columbia. Founders in Omaha organized March 5 1908 with a cooperative ethos focused on member protection over profit.
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