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Newspaper
Corry Evening Journal
Location
Corry, Pennsylvania, United States of America
Date
Oct 25, 1939
Page
8
Figures from the Life Insurance Committee show $7,123,000 paid daily to policyholders and beneficiaries in 1938. Total payments for the year reached $2.6 million and accumulated to $25.57 billion since 1920, with annuities endowments and other benefits aiding millions of American families during the Depression era.
Insurance experts urge widows to avoid handling inherited life insurance proceeds alone. A test ad by a general agent showed misleading investment offers and marriage proposals, highlighting hazards faced when settling proceeds. Many policyholders choose installment plans to distribute payments safely rather than a lump sum.
Social Security Board figures show men reach peak earning power between 40 and 45, with some extending to 49. By age 60, average income nearly returns to late twenties levels, based on records from 29 million earners. Underwriters cite this as justification for early life insurance planning and level premium policies.
Pittsburgh Oct 15 Pennsyl vari Central Airlines announced it will put into service a new 1 250 000 capital fleet on the Detroit Norfolk route about December 15. The plan outlines growth and expansion for the carrier as it refreshes its fleet.
Article recounts how United States life insurance policies have evolved over a century, eliminating military service restrictions and expanding coverage. It highlights historic clauses preventing service, the shift since 1907 toward unrestricted policies, and notes future changes tied to warfare. It contrasts past limits with modern freedom to relocate, travel, and take up new occupations within insured plans. It also touches on early policy restrictions and a glance at life insurance growth from one policy to over 150 types.
In a yearly program of physical exams for life insurance applicants about five million seek assessment and around two hundred thousand are deemed uninsurable due to serious defects. Early detection through these exams can lead to medical treatment that adds years to life, especially for heart disease, which affects over 80 percent of the uninsurable. The practice prompts many to seek care earlier than they would otherwise. Insurance doctors leverage both medical background and outcome perspectives unavailable to general practitioners.
A survey of life insurance agents shows more than 15 000 young people attend college this fall funded by policy proceeds. The figures imply about 515,000,000 yearly, with plans for education funds, loans, and dowries tied to life policies. Agents note growth in this use, citing examples of long involved plans, fatherless students, and sustained funding through the college years.
The article notes life insurance purchases now favored by buyers around age 35, down from an average of 47 in early U.S. history. It cites a growing trend toward younger buyers with a sizable portion of sales among students, as insurers report increasing student premiums and overall youthful participation.
More than 3500 life insurance agents study economics accounting law and sociology and the technical aspects of insurance this year in cooperation with colleges and universities nationwide to obtain the Chartered Life Underwriter degree.
A Pennsylyvania Department of Agriculture report notes movement in potato supplies and quality. It discusses packaged potato products and consumer concerns about quality, with checks on closed packages to ensure consistent standards.
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