N ijniii‘ is? 1922. ; ADA LIFE trend... .. -_<;,.. ms cnsnnomarown G_lll.|iRDtAN i _—-———a_-____.._____-.s_. -¢_....,..___. ._ ....-.- _-—_..- BUTSllllESS EXCE {AGAINS OVER PREVIC US YEAR UNIQUE NADA |_|F5 policyholders g" scattered fer end wide, ma]; l. with the desire of hi” thern i" ‘m- H _‘ "g readable form that this T | W" published in the “pm by the Company. A let containing even more M. p.\-flcullrl will be d upon reuuest- Ani LIFE HASIIECORD YEAR IN 1921 ual Statement‘ Review- ed by President H. _C. Cox i0 it. happy to soy that in an" so have been able ' up. objective set at the be- g ,.r (he year. Having in mind b-i» volume of new assurances . ‘.5120 no felt. we should not b6 ,,,-,i iiiis iii i921. ‘and conse- ]\' med as our goal 8T0.0ll0.000-_ (“give lias been exceeded b!‘ (il\_ g3 .iig ns the handsome iii- ,,r rgcitrtloo, or 1'.‘ per cent. rig.» M.) bringing the assur- tii 8320000000. ', in, decline of ill in I921. _ ,, triii-i- , ..i it.» ieneral business tiliillll. but I hope not ~<i or the Incl. that ours '. ln- its‘ i» know the only Cann- iiiiipiiir reporting a bitsiness C»: of that of the precefing firm‘ Britain has again given irip» geatifving notilrihiilloiif i wIil iiiti-iest you to know that IICP of Quebec has liad a Iii our success fiome we commenced issuing lh-t-iirii, and have follow- ‘lb b‘. publishing iiic annual ici: and all advertising matter Bl i‘l"?ll‘ll‘.l‘. As iiie Canada iitis the lijsl company to enter c. |I‘l\'iI‘Z iiiine so in I so i-irii llll‘ first to issue In the 'l;|gu a course of in- ‘ ‘IFQIIIGTI. and we have ereral iequi-sts in allow its use ieges anil schnuis. “'0 have, of e. very considerable sums iii- lii that Province. _e iiiitlrsti of lb» \(‘flf‘ I visited. in» (tenor. I Suurrintenilenl. tiie s or the roninoiiy in Great l in the L7nilod States and Riiniit i\‘t-.=ti‘i‘ti Catt-add. Every- _ lie found iii our representatives IIP-llllli‘ optimism and utmo- J of success ivhicli surrounds ‘his ha ‘e slrtven oiil (if the ill‘ dPtu-ession and have turned t.r turn advantage and to that eir Institution the lessons to be eil from constantly eiiaiigiiig tiisiatircs. 'I he tiersistent cheer- es o.’ the life assurance sales- s of lllllfllil value not onlv to hut to ilio public with whom illlllvs. urd enables Iiim to pre- ~ Ills vwiiosal iiitii the conviction , i't'.'ll'l‘lt‘.'l with it. that relief _. ‘is rv and that menial repose li leave one free to prpggcure _ IIItIerriI rule's ordinary Iuisinoas ‘I ‘IWjFIM. with its normal benefit .t state. \- \Illl iemember lliat two rears nrniiii insurance ivas introduced riiinilw Thu channel to which tiitrtlcu ii‘ form of coverage was f. dlr ted has. through the - ‘reaii curtailment of operation 5 industrial ivortd, been largely lo us. but ln its stead there ‘opened another avenue which zoven interesting and remuner- Tiils includes employees of l’ miiiiiilpalliins. of banks and "vlllnuiiins. of educational and i institutions. v Loam. m r ‘vi hi‘ llIEIIJITRWIiIIIIK condi- M 11"-I_"v"i bolicv loans. accord- . -\llll lllB Information, have ‘ ‘itgtiiieil in In greater measure ‘Ii lllt‘ and more particularly in ‘Iéltjvls. Continual ivui-ning is lstlulimbt‘ all uomllllillt-s In the WWII] it! home the danger of V, Jhll“ I‘Iluil_v In ones nulicy. on, "fllll propaganda ls carried [Iv it.‘ liovthe repayment of loans I n‘ “cured. \\'Ith others. ihlg ‘ um']u“:_l‘Xlll‘l‘ltFfl('0d nn increas- l, Ur Lnrllifli this source. hm in; HAUL“ i ianipaign for TEDHYIIIPDI. - w) until}. (‘Iv existing loans has H “whit-ital that the net increase l‘ ‘trliLfllP amount lhns invest- h ‘lillpl-Pedabovo tho average. h I lIioiJraRIIIE. and lenfls color _ ‘ l‘! that the means being ii,‘.,-l",I‘2_IIl>;t|ient riiir present ef- m‘ Ill, ‘decreased terminations “tthvonservationtwlu prove II its lll0ll§llt‘ll\ll. during ' " .\'l‘oi‘s a constructive “llllll! Influence may bu ef- l" “Tbilisi ilisiassurcd in- IIIICTPSlPKl in his policy. iii» rlnne best from tho Home ‘Itl special machinery has ‘II for the purpose. A policy It lrleiul nuidc. so we shall n "i" llri-vt-iit the lapse rnthtzrl I‘ Hm tlizwrurc the. rclfisialcmeiit. k In" M l"nr_l' that it In wiser to w“ llltllt! door before the horse r "ltlirtl. hi“! Elrnirigg. l Iii-z i. U Wmllliii It‘ our 800d fortune. even h, jm. lie disturbance of war. m" m’ "l ll'hoift from your to soar . p! ‘lmilllllij.’ tin-reusing earning t ‘Qua i»! maintains the worthy ‘(qv-Ifitfltvre. has been no un- J0"; I lIffcL-llfll our tleiitn v “Mu ‘Ill the saving its between Hum,‘ {IQIHIIIN incurred and those H h-flmryi li-vbeen Peeler than Hun“ fr. Mill ilile added to the l“ ‘Inmblfl othcL sources aggre- - ‘ ill. this ls the Iarg u. "binned urine company's , an,‘ _‘nlllnn m-er .1 years; and ‘"“lll‘l‘settis continuance of in not‘. ‘ wit’? I res \ll» "ll ilnil. l! itin lee, I .~ tlil n: vc t l lltlllilsi-r iipuii the tiresent scale. MANY PROOFS‘ ‘ or SUCCESS Business written by this Com- Mny In 1921 sxeesde the rs- merkable record of 1920 b 12 Dir cent" or ever 7.000’ , total business in the year am- ounting to almost $71,000,000. The total business in force in the Cenede Life now amounts to over $320,000,000. The excellent rate of interest earned on iivestment being 0.17 per cent., which en iri- ie in Canada Life "Conservative Pro- il , but an- other etsp_ on the ascending scale. This is one of the chief contributors to surplus earnings. There l-i s b factor effecting adversely. an no unusual ths death rate This saving-when .added ta the earnings from other sources. aggregates $2,600,285.46, the lergeet surplus earnings in ths_ Company's history, extending over 74 years. Group Insurance business, ss- cured with the Canada Life in 1921, was double that of 1920. amounting to $5,333,950. and giving insurance protection to 4,501 employees of various firms, municipalities, etc. Dividends paid to policyhold- ers were very satisfactory in 1921, being $i,5i3,000. Facts. such as these, are un- mistakable signs of the steady prcgre which the Canada Life has been making for a great number of year-e. but enables s slight increase upon sortie itliisses of policy. lt. is iiiosi gratifying ihut. we have been able to achieve this remarkable sin-plus while accepting seventy millions of new assurances. This experience is unique, and inusi greatly increase the already large confidence nl‘ our nieni- bcvs and of thiupublil: ill iiiir insti- tilliCln. ‘ Sound Imestmentn. One iif ilir- inosl lniptiilan‘ lat-tors in the success iif a tfe assurance COIIIIIIAII)‘ is the Pillllill"?! of lite. HB- i- His-s in nlii Ii its fiinils tire p‘ ed . I inc new riiii- of lill\‘!'l'“l l|l"'i' yii-l I aui abti- lo s: ' Willi RIPII‘, confiiiriii-i- lli'l'l tun iiiicsinicnts n, the Fziiiiiiia I Bil‘ second Iii \ilt)\l' of‘ nu uiller ins ‘iiiii illl\'\\ilt‘lr'. sud that (‘Ollllnfltlil uiili this HIM" "illvll" is It most uraiirvi-iin Iuterc‘ return. In the raiii i-iii of illf‘ your we weic still alili- iii RNIIIIWH securities of. un- iluuhieil vniiir- at. prices uutuuuinaliu‘! those of the tii-iiviiiiis Near. but lltllfili) llie initrltel has shown an upward len- dciicv, \\iill ii consequent slight do- .-ri-;i_ in yields. We have. howeier been able to eintfioi‘ our iuveslmvnl funds to advantage. and our net rnlu for iliri year. 6.li pct‘ ceiiL, indicates another i-uriall siev \in the rlsiwullllll scale. The demand for mortliltBe loans continued. and our miiiiageins have again exercised fins ilisirrelion In their recommendatmiiis. Home o.’ lhrsi- loans are Io cover si-cuinulaivil iiai-tt alliances. some lo enable further ile- velupuioni. rvbiin still others are ru- quircrl to carry the borrower over ill" period of stress occasioned b)‘ the iiii- hauui- lt‘llllt‘llfln in ilie vslue of hi.“ \i‘ “<I venture to reiterate that loans average. only ‘fvllWn Der uifre. view of the frequently illsliirbing ex- perlences in some tiortions (if title Western Provinces perhaps you Wll Dcrinlt me to say that llllB cuinnatig‘ has been particularly well and hen- pily advised since the Inception of its loaning operations there. and lbrl- consequently we have extremely fell’- any. loans in the districts which have proven su undesirable ivliks for the farmer and the Investor. [he rllf- ference between the ultimate price ro- veived for wheat. and cattle and that anticipated, tins. or course. tieeu ro flceted to some extent in interest pa!" ments. but our 10.000 borrowers have. on the whole. dune as well as could he expected, and our atcdll'b:iie_ r9.- lerinine show a very satlsfaciori‘ HI‘ crease over last year. AI usual we have not iurluileil in Ibo nssetqdrs- (‘fllllfd as “ . out-standing niiv sums in orrenr which appear ilouhtflil of collection. ll is untivoldlllill HIP‘, amongst. so many borrowers 80m! Wil- full by the wavslde. but we have never yet, had lo Ivvlfill 3- Ilfil. “'99 ["10" properties coming iniu out hanlls. The funds arlsirilf "'0'" "ll" OIIPFB‘ tioiis in Great Britain we have run- tin“!- io invest there pending a lurri in lb exchange situation. null bar!‘ now in that. country securities of Stivtiflflfi. Willi an airrace rlelil of li per cent. Your nssels have. as usual. "t?" valued upon a most ronservaii\'c basis, and _voii will remember‘ the 90'" elal contingent. fund uf SvQOJWI. which you have ticl. up so an additional uro- teciion and stabilizer. t was uur great. misfortune to i084‘ ~. year a dear friend Ind colleen")- in the death nf Dr. John Hoskin. l(.\. who had been one of your Directors slnrn lililil iiiiil Viiiii-Pi-cslrleiit for some yearm |v,,. i, l]||ll‘ ii.- iiisiiir-il u llliiu- land. and ivliili- itiii. ll il“ iiiii-i I l' ful es Chairman It’ 11-‘ Hiiiiil lli l: Britain. iiiilr-eit ii-iiiingli-iiii li..- w, sonlntlon will» iiii- i-iintianv lit’ lei ‘i keen resin.» . i. I;‘\' fill’ its $U!"‘l‘*»“' ' nave. niii-i ‘.- '\‘ tils Hul- vounsel to "llrlll bcvenlrlli" \HI We. liair- iiisi i»-.-,. ..iiiii-iiiv‘=, SB\'9lil\'-flll|l,’\_ -- ~ "“ nuniv isaiy iin- liaiclltitol as ~iii -i‘~ jrsiivo in lien! as. trttuccl five tuillI0tlI.-._f iliiilafl. Director! has‘ authorized on in the litnit ll risk io-be can one life to $75M‘). Your offn reprrissriiriiivsii In tile field iii. lll spirited and hopeful. but would vs no‘ the etipiiort of ever)‘ policyholder and liarelinliler in the esu-nsion of what l nfttr alts business very personal lo each of you and I tiiei progress o! which _\0ll each have e vary lively In- term-i. The statement \vh'r-h h been sub- mitted for your nnurovll esultl from the cheerful siiil cuntlnilotis effort uf all IirsncIiv-s of the service. and .i‘0'iii tin-colors IIPFlIG to cordially thank '.li who list-e hail a share In lt. . My ivarineut thanks ars again ron~ .|,.,-.~-i f‘ ilie members of the hirer» torgle .to oiir Board in Uri-at Bi-iiein lfl-llll officials. the IltGlilUfll illreoloi»; lltn solicitor. the ngencv imil ills loan IIIIILIIIGTI uiiil i‘.‘ti‘ll liidivliliiel unit in tho Home flfflre and In the I-‘leld ‘i-r fhe courtesy enil consideration with which their snneioiis support has bent: Il\t‘|I thionghout -|ie your. I l l I Ihi l ts i||L| ' b ‘Liii ‘Cmnpany Enters 75th! Year of Service THE PRESIDETIWPS ADDRESS MR. HERBERT c. cox REVIElWS ‘BUSINESS or m2: BRIGHT OUTLOOK FOR CANADIAN BUSINESS l I 1931 has lied many unusual fen. ‘mes-Mn '1'” Blcasanl. but, on lhe other hand. not all ‘unpleasant. The W068“ of JTAFIM-lllmtlfll has con- tinued with a further lowering o! Prices and slackening of trade. Mer. clients and niaiitifaeiiirere In gen- eral have been compelled to accept additional reductions In their in- "enmrlfl- and Ir seems Ilosslble that they Iwve not set reticltcd s. finality l“ 1M“ TQKArd. but the nearer we lwptoach to pro-war levels the more impel"! "l? outlook for future lm- provemelll- lbbcsrs lo ha. Our for- lflfrl trade. like that of other coun- t‘ er. shows n materiel diminution bill with the mitigating lnct that as: Doris aia more nearly balancing lin. ports. which 1a.: healthy sign and s step in tJio rikht direction We have Silll some distance to go. how. ever. before the premliiin on New York funds can be onilrolv eiiniin- aied. and there will be access,“ - 1 sllll more marked decrease lll )Dlt.|‘ purchases abroad. with a FOfli‘li\‘|‘gn[ increase in our outside sales if this is lo be nrcnmplished, '1‘), is an iiiiilerlakint; in which the Individual may share. in llio wider field of “wild "Bhflltte the best minds are u! work in the effort to devise wave ‘if lirlriiziiiir about Mobilization, and it. is honed some degree of success ii ill result. ireaisi- production even». Where ivoul scent to be a. prune csseniinl. ._ The influence iif traces llQflH/fiPn. dlifllll" l8 III’ naxiinnuiii‘ inipiii-iarit-r. and tho ittiiude of labor lll this -i Rflljd Wlii llinc s. powerful FrfIIU-L, ii"l also be letter-Led ln the rorrelaled problem nf uiiemplouzient. Th‘; lailei‘ ions‘ ago rrarlinn 11,9 Dbilll of seriousness. null the initi- callous l-ll‘ the comiui: inmvhs do not rnciitiiaigc ns to tiiol. lo“ .-,,,-,,i l|“l>)r0\'£’l\\i’ll| unless those set-Irina‘ wail. shun mute willingness. in Ht" Wilt i’ .11 .1 ‘Yllltc iiilvri‘ iiciiiiiii:iisiii‘- at»! nitli the Iii-roll living costs and ‘ ch will cu rs iii under- izilu- contract.- .uc.;r of a ieinionahli- the rial.‘ In- vulirtl. \\'hi.‘n this ‘UJBlB is ieache viii-bill‘: tlis product of fiiciori‘ an. mill lu be iurneil out oi 1i ‘coil. lllH buirr will bc more ietuly tn tllfer we iiia I. and construction iii‘ til Iiiiitls will l-cizoiic a great im- ul-ttis. liiiiliiiui: \,'Qlil.|'.'l"!( aggro- gaiing: lnatiy niilliuiii. uf dollars n-Iiirii 'l"t‘. tlrtieitiliiiir i_ iiir labor lost a‘ ieailv ‘o ii.- i- iIli-il with the iii-iiiiriit rniiiliiwiii ii-ivll‘ IIIO- nitious, and it ii ' for all l'tIIl\.’tEl|\Pi| {alien on. 'i'l.i> ijuiift-ierrr in iVa-sliaigtoii i_. Iiopc. of ll an’! tha‘ its ii-siilt‘ luzl oval oi: el-iig uf III‘ iniiiiigiit nonvs. \\'hil'll \\‘ll rvpiiiilio the icllrvn to iviiiii Iias her-ii iiiiiieil n condition of tioriiini ‘ \\i‘h “ we iiltriiditnt bles- sings. 'liii_~ titiiicwi ‘nus already real-Ii- vii have )‘I‘l'l‘.t‘ii the. riilllnc of ‘the gpiifrreipin. and giieii giivvei- neigltil and significant-z iu its Iiiiiiier delib- eiailous. _ I The pumps-r of final all; Wilfil-ftl of ii". lllrr“l{'ll|_t‘\' wlilt lfPlllllll and h-‘r gggttmlyugu iii‘ responsibility fui‘ Ihc g,,\,>,i,,,,,;n; of‘ lllji‘ nwii IIviIDlP has i,-~,,,,g|,= ‘n1. use i»-l.el'. not only ll) iii-out IXPHRMI niiil lIPiLIIIU, but to the Worm a, my-ge. and Vless iliiided iil- lwttimu can iiov.‘ be ilivi-ii lo lliP suiti- m," n! iiie piotiirins reiiiaiiuiig‘ lroin llll‘. nil‘ Qnt- iif Ihp chit-f of those liuli, whit-h has in ail couln come an niiniist unbearable urs INSURANCE i I ljigTl-ZCTION ‘rim volume 0f Business insurance m, u",- pouis: is increasing each _\t.‘{l|. and n substantial poiiiun of DIR‘ uruduciiiiii for l‘l"l was uiude until. life llislllittlli e I .‘Il (oi ‘bur-tunes P“ ' leoliini. 'I‘Iiis form oi lllBllfflfiCG ll more iinil more taking-its Illilfeiaz |-l“‘||“|)1_\l‘i.'ll'\l(‘COUOYHIKKLIIWITVI n_ v businrss \\‘l)ll4i, zinil ueotl‘ HPI‘. ijlflfl! til‘ business liCfll'll_i' is recoi- nizxiniz its need and willie. The policies issued fur _ Wumseg ,.,)\-,.,- flyplllis \-;'ii~,.l-t\I'_ olf I'll": KIIFAIIIPB need lite) lllvif] J iIelpns“ various ietisoiisedo fulfill!’ d H i “m4 [or elticrgetil-ies, Ill iitrenl; ‘I91 i-reilil iii l‘t’lli'l‘lll Iiuuils at uinliirili‘, l0 bills’ over iliii ilci-etisci] partner's [nlgaltqtl-(l lI\ create n sinking fund. to fliftllfillifltl itivcsltui-nt. I'm‘ slifllll“; ‘ _ _ _ . i. . if funds, lll |Il'lI\ii|t. Mimiiil‘tli'sllt(lllipé_ int-tubers. to cniliin‘ re i2?!‘ i. ind iinnal or charitable institutions. u . ~ ,- iosra. “‘l.'l.'l;‘e°.l,'.','ff.,,ll".5"... In Ilflltlllliil frnu‘! “null sinus of i\\u or three thousand itiillars tin in tins lliillli)" ilollarB. l" ,,,,,,~,._ f...» iili kinds nl‘ business 0:’; b|lkl"l|fll [Wyn] Ill" small mic-III! "'”" ..,.,,....,-i- m‘ iii.- iiiniieraii- sore‘! ‘ ° . ‘w. limited l‘=II'l“""F_l"l' lliihin‘Llleriiylizeil that UIIITIOFIHIOII. i \) . B mpv‘ NSUHUH... H, Jim as iiecis “s. ‘H. \|t\|1\' small business cori- m“ l“ ' l, 1'" ,.,,.,-i- vllv. iuwn will i-eli-liipafizilii" I: m m" m“ firm! and vi i -- » v _ _ “mi. r‘l‘I"I.)l'i\ill)|lE'§ l" U l m‘ ‘l-"ulnilllll! -. cmqllv zu Kr ""’ Ill?‘ l H04“! l\ ll ‘n H H "mm “New ,.,.. and iiflcn i‘i‘l‘l"'_' s iiie of lhlc ownei. .iiiil their funnies. l l m,“ (“We ||Oi lilfllrlullxvl l“ .i.. .. iir lit-llll." "I" "‘"‘ his tqi-in of nro- ..- sin-rose of any Dl'_"!"-’~" iisuall)‘ imnlfifit?‘ 03hr)‘; . i uic i llvns nf 0‘l|l0 oil. Inlay" Gaul i -. m" "m" i '1 ‘ffil’ the. business" fillfih "Wm"! 'l"“:'..,,|,,g in inr- tiiislnces "1"": "Pa; In “m.” n: their salaries. l“ l derived lri- c "i". ‘r i.‘.:.‘.:-...I‘.<‘l‘. ii liiis no e i , i- nf . lie the innttll ‘Nani "Fig.1!‘SIIJOTPIHRCEIHCIH. More- r'ad,'lu:unu' generally k"°"" “ml ‘Wm.’ iii-s iloiv pllfllfll KIN"? ‘m’ """"' a nn llfo lfllllrfllfl‘?! protection nuruinc ‘(lending credit to llt0ll w 0 hafmaliir lnnns. and a substantial “w” ,'..i Business insurance 8"‘! :lng‘°.lllrl\ etrerttilw" l“! “em "r “w business man ol‘ "Fl" ' The lieiil for Rusinc almost ntiliintlfd. heat-tel really may a. iiuenl. tisiioii‘ lilnFl i lllltrilllli lmiiiinari lti-iii n. Posting a blight upon business of all l-inds and removing thi- incentive from individual effort. ‘Tiiet viii-Hun vllllrsesble directly i0 \v.-ii~ require- ments snrl viteasures to met: them must be chee lt_v lIIlllEPl-fllifll‘. bu‘ there is abroad a spirit of i\'fl‘l'l\llll criticism of all other expenditures. and anv Government. wliii-h has re- snrd for this feeling \viil tie well advised. | A N-"éunl KPH‘. I l‘ ‘s i o surprise that ‘lie allege-tile; unusual nuioiini of life iiss-uraiiigii‘ Much h“ bu" s,“ M“; wi-iitgm sold nu . this continent in N217 shoutil both for and against. Canada‘; Ng- llflirY been equalled in lhe izisi tionsi Railway tinilertaklugx. We all l“"‘l\'e IIOIIllIF-“lllé wonder is rnilwi‘ know the undergo"! he“, 1,934,“; i0 that. ihr shrinkage iii volume la onlv the Government's assuming the in nor loenL. and iii Great Britain roads. a all know ihe difficult“)! iiboiil. S‘ nr-r cent. This is only an- which flurrgundgr] gm] cgntinng n, other ii‘ ilicatiori iif the appeal life surround ilqgir nperminm Qnly on". assiiran. n makes In the public siructive criticism ls helpful. The tinder n v and all Pirvilntntallbns. It assistance and vii-operation of its i» lull! o " ‘lie crest silent slabililiniit 9.0111300 owns" w“, gecnre ti"; gug- [actors u business and iii the home. ceos of the National Railway. and as 'J_l J's is been in evidence In the our population grows its progress bailed: rates for somo consider-lath will quicken. Au aggressive imml- ltltlfi‘?! endenc)‘ upon the DB-Tl of irratlon program is necessary. The llflllkvl‘! l0, 3BR for‘ life assurance its peoples of Europe as not. seeking counter-ii securili- in eases where ill?‘ new homes in as large numbers as rlcrsniial snqiiniion rulers largely ‘x1110 had been eiiiiripaieii. but Great ‘lic- srlirtluis of retina. Britain Ia fosteringa ieasonnbls rnii- ‘rim rtpsii-aiiii _ or such protein. l=_I'-'ll‘<“‘ l" the oversees Ifloitiinwlls- ‘iun lIRF of ld‘I? bfllfl atlrflfiiiflg the. Lannda. has ftieliiiies for making her aiiciiaii-iiiil nf lfanailiiai bankers. and advantages known. and should obtain \\'1\ “mi.- . f,"- h, 53mg. (“mama a major share of thoesi who will ihns (ffyfl) int; i,’ _ his 15f,» or in, li-ave the homeland. I\ui she must llfll'l'l\\\'f‘l' flllfll importance to lie. alive to ihii fact that our sister iho ieniii lll our opinion. this Uiimlllifllll FTP Offfi-Tlllfi‘ IFHIISDOPIJI- form of i roleclion is as necessary as tron and other inducements which is ihii I surance. upon his m”. must. be offset in some Wily If W8 l" r-iisnilise. Greater vii-operation tie- "M 1° h?“ “m- i" “'9 739% M9" R110 tween th -. hanks and insurnut-ri coin- WOW?" III KPH!" Illlmlll?!‘ illlll mo" puiiles \ fliis rlireriloti could nnl. quit-titty than natural increase can fail to b s of mutual adVlliilagg, ft Iirllvltli‘. ih“l‘|| l|_'|\'(-i ljflFn and are the. is unders and llial In riilure. the Elm“ "EM "T W" “'-‘IIIIlP"i_-1fli| I1 smoiiui o l life assurance carried will l""il\'.\‘ look-ins lrythen‘ rnielll [HI a m. Lllft.‘ of flll CPLHlil. reports rill‘ HPQIIlFllWjII Will BOIIIIYIIIII-l Issued b}? two of liie leadinz credit "IIIDWI- For‘ I_lI-1It.\' T8111‘! agencies rid wi'l have iltl influence "dill" n-‘Ilwm’ C0!"- in dEl-Effinllillg llic ueiierii.’ financial i-in iinuoi-ianl share in ’ -‘ ‘l . 1 . .l :‘ ‘. . - iiii neoplitig iif our Wt-slflin Pro- “nu. o! "he ‘mludlarlbu ‘nrvnra lion mid-tr review. . '- u-owing vinrrs, iinil iiiev now appear‘ In be renlillllill of the viziui: iif .ilo i-i\-| "I 1"""?1l'l\' "ll." ‘IOIII- siiianrn in business Ilkllllflti! is, many niii- R-rgaflf,’ n ldeniuts’ the field for the} iiiid nrvvidinlt YQI‘ i-om hlBr and ivaiiaiiis our belief‘ 0" FQlIIPY-‘i Th" iiial. iher. can ti» m) serious races-l iP- "7 "QIIHP- 0r sir-ii in l cir adianco fioiu your to] ‘ the troiinir)‘. bul. i-em; k iii-lbiiloiiliriilit-i-ibhii(;"iiiiiii'iTiii'in“i-‘Jaligi "IhH" h" M!" a" lmwleasi“! ‘hwmmd m‘ H", rpsuonmi, h... ,0 M d," or a fiii- éllillfi noes _in laign volume to niiilriniil t‘.ll;ll‘Eii‘iEl'.‘\\lllClt ieouires l"‘°\lllo ‘lixiniedwe’ (‘sill rflllmrlw‘ Hanan“ Mfume,“ and mum...“ .i.|i iif xszlith esters niav nisai. iii- ‘ili bv sc‘iiiicl.s wiii~li vnly temporary‘. lliiiii4ii Pill It) he niiciiinfiii-iiibh This dauntlers spirit first line of defense a ileul protection nf ' invrstiiieiils Niall!‘ h" ‘r-s ill the flTJiIPKIOWZIIg i-i a» i l n. _‘.iv‘t.>il . .. ll» ‘. ..i i ,..|.,.., ... g Ill‘! I-i llllllllltl lllt‘ total a rind are !’l.l.illll.i)llf),l])fi_ or s ' iii ll't_‘ \‘a'ional Debt. i-iiriililr- tlurtnllty Experience. s |l'lll>.i ill-i: iii general leld Inr Llln Anlurnnre. health ‘vflflvl ilifl improved large n! inns iif the people at .i= iariefiil medical selection. uiiuortanr. since much of lbs wet possible from the saving made arlita the difference between the death provided for. tor. to effect such saving and lion of life assurance. constantly widening circle. Government Supervision. We crin be sided or hampered out‘ operations are reasonnble provisions for supervision. and a splendid protection for assured. This Ai-L is aiiininlsterci with fine. t-apacilv, hail attained rr-‘ocnltion as heiii: Iii and an effort. tiisl At-t. in Ilie various rczzulstions. ttiiil helpful ziiid rlflflr)’ iiiilrli iiiit lessening \.\lii- of the. inspection and i sion i.» which ieol. The issiired can be I .IienlI_v conserved b_v one esamiii lion of llll‘ offices aiiuiiallp‘. and il, Provinces of ‘fliis will as landing ihfl. conditions the thoroughness iir niaiiv iliniisiiiiiis iii-tints i-iileiurise ennifiiuiis value to bv auv I ‘gislstliis wiilieiil. Parefii iiplv ibis supervision nueiir heavy and avoidable. expensi- wIiii-li Inusl be holder. ll lietiltsuir» [lines which are now Such I burdens "till! factor in all countries. ‘rim; is a comparatively new avenue ul‘ iivvekip n‘. but ls full of piorinso. liif.» new aiice suit ‘what it zirconi- ]lll!‘|l\fl an ie is in the common sensci of a pPDp p. but‘ it. is curious iliai.~ zillhtiugli up D2F>UilFlliIl is required to iudiii-e niic~ wiiilc aiiio to provide the, .I,~i'ii_i- ncires slties for his fainilv. much influence i inst be ever-ted before he 1s: pi-r-vnilnst upon to make certain hllllillll.‘ Drulvlsiuu iviicii he has gone. ]li-llue tiie- need for well educated. writ trniiiell and well euuiiiped salu- nirn wlin nan coinmatiii iiie resneizi m"; fgnfjdi rice of the public and who i-an pni-liai" lucidiv and ziriruraiefvl ilin salient frrtiureis and Advantages til‘ the vii-operation made possible ilirniizli the life assurance rinnpanv. llappilv tli i standard o!‘ cliaraclt and |irepar~ in ciompaiit‘ re- preseuistimgs ls Fflfllfll." risinic and ls lnfliii-iii-ing not only the voiiinio but, ill" selections of iitisiusss with its w effect upon the death rate. Advanc- :"|fip:‘:::jr2l‘ lullfLirlfilflllliFllljflfinlif§sre o‘: FHPIIKHIHOI of a. rriininou ground ' ’ ' i. . I l' ('1. lfflflllllflll "ll Ill i! ‘ '_‘I_ lilP- ‘Ind’. utliillcul diveitoi-s iii», lllidilll." 1l!1fi05l»l|l|(’I'l‘, “i.°.“‘.i.,i”‘..i, 1iIr:i§e:i;it-:;i_l)lnablfir to ilezlil xviili _ flipPOtUl-‘Ctlvt! assurev will sea mm», lkllklhltlllfllig ‘IFPFIII ‘llgiliiielifn ‘vtllhi ‘cal-Pl w!‘ ‘Liemll"rlalimuo" "r H“ ll\‘lltll iiiiztir- \\'e if!) c~i~iilii-iii'i» l m 7i "ljidnfifl- “I'd-a I‘ ‘+'~'i'l“i°~“ and l" I‘iIll\'lZ\llll\' drawn: nearer ti‘ ' l!" “£2- ‘iI ]r"\7“cT‘lnan'l"-| l‘? N“ m I Eilmlkecdnlv. but," ‘mm’ hllB yiirai. iris“. .ie s‘ lwlvtnt!‘ ie _ili'_.ers T?lthrzls'x“a.ls - iiiaii “Pflflifhll- I us“ or i‘ Mimi-n l lfllli-IJ‘ I" nr-mmndua’ llii~ ‘Qllllldllillt; flllltlilnle, flkamig of ioimidiine“ i] ‘Piupflmlt’ AT“ i" he ‘Ml-d nmnmu w” Farm?“ lfllilllfdlllfe iii Llltb‘ n’; llcyflsiuulil be there la i’ ‘ l I . overlook nn_ on Afflpfl I om iut great need iii o n I equacy of the prolec- fut every compnni. . Snldler Settlement. Settlement of soldiers on the land is‘ tricking considerable progress. Un to Octiibiii‘ Ziist 17.141! returned men had been lliiis placed, out of a total of (H.824 nppllcotits: 21AM had obtained loaiin zlggregaiiiig 88830000. whiln some 61110 hail gone on free Dominion l ils without financial assistance. i-iy H!) incn have already repaid ttcir loans In full. The Crop Situation. ‘Flir- general t-rop Iilllklllfifl" ha! been m thurougiiiv explored in re- iiiirir. .i.Ir»-aiI.\' published rene- tiLicii of it is uiinci-ossaiiv and tinde- sit-able. J should like to say. Iiuw- raver. that banks and lending‘ corpor- ailuns. uri the whole. have done aienviliing possible to minimize the Iirtirdsliip of the individual and the dislocation of his acilviti s. ’l‘he dc- petidalilv‘. conservative ct. omcr has been (Hlllbliltl to carry un. and the iticli-inteiiiioned boivower ls iiui being unduly iirrzsseil. Stool.‘ likely iii re- p _v fending will be carried iiirotich ifig winter. While the poorer gvitdcs lll‘r\ being sent. Io market. Those who are short. will be able In obtain BiIEl], mid tho tiort-nitial hone nl‘ the farmer will support him into another rear of intense effort, which. we. trust. \\‘l|l have its ultimate and fiill rrnvarfl, one cannot but. lie. imnressi-iil by the recuperathe power of. the “Iestern farmer and by his dell-l‘- niinntion not to be permanently dis- bv the fflillll‘! of a ijaiiadinn assurance company. Institutional _\dvertlslng Fneitlnnrd. An interesting i-vperiirieiit. new Iif-v assurance. ltul ins; llii- Iasl few iviuiill.. of wit’ has been termed iiriiial Rtlveitisiiic" nr general liitily in the ilnil" Press I lbe volinligv. ’l‘l tiv 1hr- r-onipan basis and the proceeding Tifli‘ to tlic . v tsxpressed. ll‘ illlllf a gui- iipon zip result has been large-l scale. for iii.» piisuiuz yea com‘ brentiteil i-_\' a have a. knowledgeable ronne ii the business they represent with tho public they address. Th] and hiirrlnii. ‘wiiietvit During I_ 192I—' ‘v v fé iséiiritfnc ~ . i (criiiiiliniiia iii 5:41.) Made. the following Stibstzmtia] ‘prggrrggg s99 mp ‘f’ . fit-tin. r .,/.-_t',’ ‘ste-"il- - Increase. *' rmiaaptio .,,'l..‘.tS9,li0ll 4.92.3110) 7.444.000 11801000 438,000 \ stir \ so t " .1- Tnliil Assurance in Force increased lo ,., 'i'olal Assets increased iii .. . . . .,. . .....,...,.{., lit-serves for Protection or‘ Polirybolilers ,._ New Assurances issued in 192i ..,.,.-,.,g4-.-i-i-i- ia-rlklsl! New Assurances paid for iu 192i. ,_,.,,.,.,._-. . .,.,._.,.;.__.,.,,, Flurplus earneii in 1921 ,,,,.-_.,.,.,‘,,.,,,,;,,".,.,., t >>>4§ $I?l2il_0.‘l0.i)0O S0 098.000 l l0.0ilii 70,969,000 ii‘_'.OG-'i,00ll 2,G00,iiilii - , . < iiusluiss ruflq’. ‘ -r-a1; -s.‘-i-t-te-iul-l;¥s-zerzssm lllllv3$llilll ‘ 'l ",ilf,"()()ll rl,:'i8ii.l)0ll . _ -.-|Ir:|\-an~ ~‘.i.-.-:Lst-;vf"'l'§ lliviiietiils lo POlIQVlIOlQlCFS .iii lllill .. .~.,.,.,._....-i-..i.---.-.- - -.- ~ - - - 'l'olal. Payments to Poiic_vli0ii.lers in 192i ,.,.,.,,,...,.‘ .,.,.,.,.,.,._._.,.,.,.,.,._,.,.,. _ 'l'ulal income for l92l c Above, in brief, are theireriultis for 1921, as shown by the Financial Statement. . , . ll‘ Below are some of the noteworthy achievements of the your _ " “ "i. ‘i. .~Divirlrnds lo _Pi)li(!§‘l'l(llLl(‘l'-S,lilillfllfllllfii nl. llie liigli standard sel. by liir (Yanatlit Life. . Made llie largest. sitriilus i-arniugs in the. history of llio tkiuiptitrv, extending over siiveiilyfoin‘ years " W. ,.,.i..ii .‘ ll‘ ~i‘i‘~' > s. (I|' |llil . ‘w ' I ‘ t Furlliei‘ lllCFPflSNi llie average Juli-reel. earnings lo 6.1472. ~, -. i2. l ‘- n.1, 4‘\I|||tll‘ . Vonliniietl to improve servici- to pilltlic by specialeriiicaiioiial training of field force, IiOKTi moi-n representatives iuiviug benefit of ‘ilIIS uislriii-iion illfltl I11 Plifvlilll-‘I ‘lctil’. Placed more insurance with present. Pulicytihoiilera than in any other year. and iii- r-reased public interest in lloiiliily income, Business. hsiales llllii (iroiip in- surance. , . s; , Wrote. more iliaii twice llie otuonnl. of Group insurance pluecil in previous year. (A Ooniplete Annual Statement Will Be Mailed Upon Request.) 1 ss insurance ls _ -. -. »-.t.-.~o.ssi-swies.»-i~.z.:._.... . . - .. H“... A..~_.. ._ .. .___,_........_. ii. i.‘ i "' ' {its} ‘i- IlPulli losses experienced bv lhe In the twelve iiiniillin have llflPfl less than usual. and, condi- 'l'his l! tirofit rriiirnatile lo the policyholder arises h." losses and those expected and‘ In. the endeavor. hoof‘ l I l snbsertuent rctnrn to the assured. we‘ must not lose sight of the chief funi:-' but. must iilrivr.‘ to make iia protection available in a In our service lo the nubile in the ines- sure in which the laws which govern i Ill , flexible nr local and burdensome. The Federal Insurance Aer. of i917, with its affords smote machinery for‘ the. comnsniies l is.‘ the i result required of it and has gained! most coinnre»; . la now being iiiiiiie at llis suggestion of the, Super-‘ iiiwiideiii. for Ontario and Iii conjuno-i tiiin with the revision of his Provin- secure the adoption tivi uniform ‘ be desirable to simpllfv tinder‘ llil‘ eoiunrlnies operate. while‘ or super- thcf! ‘lira now sub- rigliis and safety of the nd are fully and es- If! lu be hoped that nothing‘ will he done and thoughtful consideration to ||\ul- ' with a cones.» borne. by the puller»; is worthy of noto- lhst lt.,- poilrzvliolrlei‘ has ri-tr inst‘ min dollar life, ‘u already success- ful in other businesses. wit-r tried ilnr. in viio form "institu- niiii- iliroitplioui ‘ expense was shared i, axrerd l so farm-able that. It. has been derided lu ciiiiiiiiue the rganipaiizn. hnl. on an en-,~ ‘The undertaking is managed and the.‘ Yvbrcseniative ruinmixlec of the. companies-men who, _ Ction‘ and ~ lLlFE INSURANCE more, the OF INTEREST TO POLI C YH OLDE R ln view of the general decline in new business we are proud. but not unduly so, of the feet that ours is. eo lar as we know, the only Canadian Company re- POPIIIIU n business in excess of that of the preceding year. ‘ The strength and stability el your Company is undisputed. as mlY be seen lrom its remark- able record of sucee s. even dur- l"! 1921- ‘Its assets of over §wi000i000 are invested the highest class of securities, such es Dominion and Provincial Bonds and Debentures, Mort- gage Loans and other invest- "IIMI Iqllllly sound and reliable which yield a good rate of in- terest. The Canada Life paid in 192i l0 policyholders $8,586,000, and notwithstanding these payments made during the year Encre ed its assets by $8,989,000, A Contingent Fund which w" set up some years ago as an ad. ditionai protection and stabilis- ing force has been maintained. "If! is ready at all times for ape- cial contingencies. in ,. I l l I l I T0‘ Plfllflflllfl)’ good Feature of lbs year was the low percentage _ef loans on policies. will“ Policy is perfectly good security. it i: a Qnllslitliun to note that policyholders sppie ciate the value of keen-iii; tli-ii polici intact, Ind also ‘lie ar|~ Vlubilli! of paying 0H their loans ea as not to mortgage this, their best asset. Frequently a policyholder will pay off s little at a time. thus tlfaduallv lc.‘""‘.ir1g the indebted- rie I, and l'ii~ (lniiipany i; glwgy; ready. ii~ accepting these Sl\‘\1ll ~.-. Wligngvgr convenient. while the loan Ealsilx easy and convenient u to most policyholders ;;‘-~ii health to insure the lean. so tii i~ v it will not be deducted from the <facs of the policy, if death occurs within s certain time. and while the loan is being paid off‘. A letter to the Home Office at Toronto will bring particulars as to this. l ‘ to ~-.i.-i p1,». Iii ll." iMIIfIIIiIPTiQ> l'lf‘ll‘ l‘ an wt, ...ii ii , T0 SAFEGUARD j, i v ‘ ESTATES, l l ~-»— -—- l . Anollier development oflfe insur- ,snce service is found in the lnrreas-l ‘ing use of insurance to provide for Succession l1uiies-t.lie taxes that must be paid to rho Government n“ ithe value of eltozeil that are passed Jon to others. l The need of life insurance to cieer ‘of! Succession Duties, or lltilQFlLlllCD Taxes. has been more fully recog- fliized in the United SLaLsI, and an enormous volume of business II writ- ten each year for this purpose. In Canada this need ii only now being brought to ihe attenlhri of.’ well-to- do men and women in 5 general was. and there is no doubt that. in I|i.s ldireciion. will be found an enlarging efd of insurance business. Not. only the estates of millionaires; and wealthy people stand iii need of life Insurance t0 c ear of! these Ditties.’ but emails-r estates of moderate \‘l.l'l9 also require this provision If the pro- ‘perty ls to pass on Intact without sac- rifice and di-Isv. The records of Trun‘. Companies and D’I'!0i“.;ll blxenutoi-e nf estates can show many Instance! when vsiuabla securities, rest i-sta c and other holdings of the deoiiiienll bais nl’ necessity‘ been sold at I iiisisi 11o iiroviitrrilie funds required for ne| iDutEes. Ever‘.- esiale of considerable‘ isizs and value is il pieteii by Lltls ileh‘. liiiai arises lmmc ‘ntely noon death n: Tiha owner unless adequate iiiiivleion is made iluiing his lifetime for pay- imenl. of these taxes. Ii lii not. cou- venieni. or even advisable to set aeidii Ivrtsh funds at a low iiileiesL rate lo urovitle for tbie dlbt. In feel. ivelHtii- ,do men seldom cntry on deposit large ieumn of money. Almost iniaiiabiv ’thclr money ls invested in llPMI" lJlIFl- lness or in icriirities or proper-t)‘, the flalue of which oihenda on the rendi- Hort of this Plilbfli. and invniiiit, alwsvit u; tui-nti/l lYitn uith and sold prof t- itbly. Yet when the time comes ‘list J, miigfiii affairs brim-me the affairs i, lhlir egtale. his Fivrciitni-a neeil avalistfe ‘fnnile to my the Sticceesion Uutlsl‘ [on that estate. and pay them DIOIYIDLLV i A lartle nrvburlluii i-f estates in ‘Canada are Ii-fi iviii-iiiit available rlall ‘(imug i0 ply ins Provincial Succes- ls‘o" Dune‘, “have no \\l0\‘iII0ll i! minds. for sufficient rend." cash. in.» 'sdm'inlsiraiion of the estate is n» ‘gggggrily delayed until the Pitliiifllt] ‘funds tn psv the Duties Iiave |)PI‘II nu- itaincd by the tale or bv rriortgage "l the estate. It veri.‘ often happens that ‘this i-iiiinui. be dniie within e reason- lble time without. n eonliderntile i-ac rifles of value. and often it causes In- eonieiiietice Ind iri uhlu to the bene- iLi-isrleil. l Life insiitanre ritms live simplest "in yziirpgt ii-nv fn pi-uiiite the needed ,ies-i-.a fund to Ill? tluccossniii lJiilIos mini ctrai- off this debt on iiie eeteio so that ii can le olssod on ‘rliiinul tons rirtlelav to those entitled to ia- reive the benefits. free linm the ile igprs and problems lhnl. nouid o liner tilti- iii he met. i . l lilnirées , xiii-es. i ‘he HIIIIIII“ ulaiu uiiriev which nil emnw- - i l t l i . l | i i ' 3 'GROUP 1- INSURANCE‘. IN 192i M0“, Provide Insurance Protection for Their Employees LastY "l?" B ‘ oouiiiii ilyliiil’ c3331" _ vi e n . -- . , . . l“ "Elli/II 1cm in lye writing n! 8mm’) lIIEUFZITICE shows siib5..,,.,.._, ,- .,. _ ‘ l’ Ogltss iii ili..-. comparatively flea‘ llfflricli of our business‘ ilie rein‘; E-ifitlfill lailfillljzlfiv! nmuuniitig 5y. us CUnlpJiWfd with 3 3_ , in"! ‘h? Dlbflouc year. 'l‘\\'eni_\. f"? "W swims are iiir-iiiaeii limp-r 1.5 gttltlfl finver/igo piqc-Ahnz ,"_ “fun” PFOIQCIiun foi an additional 4 .i0l emblofeesi 'l‘heso groups ieoreseiit various n. Ic-iesls: lflf|lll't‘lé1l. comm» éinmnnlai and erlicniioriiil. I ‘i illess riims. who secured group lfi- sui-niiue in the Faring; my, lllblllbili'qiy(»h'\-J1-;qd nuns a! {out l »- .~ - '- . . “he P-illbflim- Piibtisiung,‘ “("41 ‘Dllslllg, Automobile. Piiiiif. Glass. (‘Hi and other inanufacttwei-e Alqg B-"IIRIIIII. lnveslmetil. Fire iiii/I Mar. IO lino Insurance and 0H," rim-rum, ."_ list-rs"; 1il'9_,l|ll‘lilll"d in our i821 list of WWII! Polivltioldezs. We also i!- ."““l "POI-ll insurance on iiie iflVlB i"ml*l"~"*°* I" i! lilftre (‘shaman iluiii. .lti.\:ili'_\‘ “in; (jjiy of (flap-lam. __ and ‘I"¢"'»il°il i’! subslarillal DUFIiOII at‘ Iha 'i'v‘ll‘ »I‘=li“anrii prdi-iciian FPPIIIQd i-i._i<~iiiies of .\'4llli'.Ol\K.3llfl "" GOVGFEIIII"!!! eiii- ’ those- prugreseivo Pro-c- '.,‘ll' lii- ‘hi: .i, ‘their s elrrv Indlcauiin That 3mm‘ "H"? i‘ hers lo sin" sirf ‘= ‘donut-i ltilfffllhlflflla large. and i,,,- I10 url fa-‘iir iii rue Illa l!l‘!lll'.'l|\i'I "but?" l‘ libs a illsiiiiri floor] ,,, world ll_\' rim-inning s; ‘ll liiisimgc l?" t‘! all ciiiivlirvrr run be ll'l5Ui'5li*-< ‘as f‘\f‘i\' \\'Ot‘i\ri- ;,.i.ii ppm ,_.,.. ought it] Ln l " l)“ "llflhloll heuiii-i the ill- ‘dust. ' Jlill con which] ln- I whpf‘ iatgoi" ilrivHiinq-(j f.,i- h“ n". _ "' 'iI ‘ -r-l"‘iei' iiiiil his fain- "Pvers riiiiiign-riii, -,-, Wiliintiii liivi-eiiiir-iir ‘iliolial ll .l"‘|i‘t\lli‘|. aiiil - ' employees of iiiwie - iiv of >'!"hllll business shod-ii ll.‘ ut- nlaccil l-i‘ ~iiulo“— ‘W's and o.~ Pres on this fir-m of oisulaiiifi». .\u‘i Jisuiiidiiii; ilii- ieni. tiorai": iririiisiizal ileprruqipn ",5 en. forced eoorouir ii‘ Il\LI'l‘-‘ fines of "fills and commerce few einpini-gi-e have dtsrontiiiued lheii‘ group coa- l“ar.lsi. ‘lflin Tbljs-HFRK hfbp i...“ n, w,“ maiizlniiiid as other vegiilili‘ Iiiins of l'lSlH'~'llltB_ gin] pp} mo! 1y‘; on even iii can»; \\'ilDlf> i- k-"Own this‘ the UIHIPflI-ls uf the pimhnvqr in .'|I its lowest ebb and ilie fir-n irvinr ‘o ei-iiiiniiiire iu cverv wt» - Some of the policies now aizzregiiw “nuns,- flmollnls of insurance on sci-omit of. reilurvul worltir‘: forces, Int‘ curly r9. dlwiml" Illfl." b" regarded as onir I-‘luw-‘ivv cunaiiiiiii. All tin; in- dicates that. group insurgiir-g h“; Droven its worth and filirfliiflififloi’. 'lll‘l’i! year we are gbln lo offer is. ll\0Lll(lf‘{llll'\l1 of mirgrn-ip nlrtn-—tn be IHIOWII as Whoirsnla Insurance. in ini-Iiiiln groups iif 9|nDli\l'PtlI_ "n- der fifty in number. and also meni- hers of Associations: and ‘Lollies. hitherto not‘ eligible for regular Rroim tan-m insurance. A further development of the group plan ll the issue of group endurdmenruor pen. siori policies to provide. not only in- surance protection for dependents of employees. but tn guarantee qlso u retiring fund or pension for edible!’- 6E! "Don reaching ini- urns; for re- tirement. The gro in endowment nr rierisinii plan involve; v; Lgixgtfnprp- mIum tiziiiii- rlll‘ iim-‘(tnmimi-eq but gmélrijllfl lhteqlredttstlwgége‘ for II Qlb .. .91‘ ll! .§lllw. , con- li-lbnie to l-ie pevinengof the nre- iniiim on s fiflv-fiftvbasis. 'i'hln cnilowmotii-peiisiovi plan heipa the omhIlIYPP w save. and wrh illfi-"OII- tribution from the °PflDl0\'8l"llVOI lilni n sialie Irvine business. there- bv icudinc to develop greater inter- esl and rrvoperolion. ‘ ‘ l’! these form! of wholesale Insurance nir-iilsi ln lhe regular ritluul M» Enqip-znr-r new and I l insurance s~- e n. pm.» e trout‘ and are" slippin- field rif indi- hu‘ open up L\0!Il\Il]\il“5 for life Qiia far- erly. the Men who sin I fleeing‘ try to arm frulln of which wit‘ s ‘liriv families and I 'l'l\"i\' ondflrew l/s |.iii"d and li\‘n\a'>.n provision fo ‘ion of iiinl: n-stste after ti ‘otini here lo a» so iliemi-e. there ls ' and lill‘ nioviiIIr-I ivishv-I to hanufir or prnter" after passes M. and m. s‘ the some tini- ‘s-w than: to fare the problems if setting toirelli-r the funds io_ne.v the Diilies-witlstbs! rirahabIliI-r of much dolor. lees and \'Il\fl'_\'. Wlieihsr on saint» conalsls mostly of business. o: ie mode no.4")! res‘ e are. nv‘ elnriee. boiiile ni- other . t‘ . tiunelbillli‘ of loll: if Dlrt of nits miint. be sold l" order tn available funds A forced sale usilv n but! ale. ‘ t Life Insurance polici- nf-siiffteienl aniourii will not only clear nff the“ in obligations. iiiir. meanwhile. dur- ing life. will safeguard home. bush Ill"! and personal inter-nit. ‘Hie last sci of a man‘: life. if ne ls \1’Q|l~l0¢f|O. ila the act of pain! ‘ delii nnleee llllllilnfl. . i-itiirniiavlrin of iiiit d t i: . i1- lneurlt‘ ._ In v so a it: lancer- i-iiiivier if». 'lltQ_ Pflllhl’ of as‘! fn vases. aria-ills neiid of avallab! fiuiile to clear the 9e te. it ll t‘ era.l_v cones ed lblt its onlr or! s. tlcltilo my or s ins ii eff: A il Ilia esIAis II Iiv rnelnl 9f life insur- Ancl. which .tor e Yflflalflll.lflflll nsirrosni. wllt provide, ttip rsouir funds when needed. . , ~ _- ,...T..._. ._..-' wflfflflfl .