SAVINGS BANK LIFE INSURANCE IN MASSACHUSETTS

Grady, Alice H.

Savings Bank Life Insurance in Massachusetts By ALICE H. GRADY Financial Secretary, Massachusetts Savings Insurance League THE PEOPLE of Massachusetts are evidently appreciating the fact that...

...The premium income of the insurance departments of these two banks for the month of April, 1910, was $3,896.46...
...News comes that the Berkshire County Savings Bank in Pitts-field has raised the Guaranty Fund of $25,000, and is taking the necessary steps toward opening an Insurance Department...
...In addition to this, the fact that the Savings Insurance Banks are about to pay a third-year dividend to policyholders of nearly fourteen per cent., encourages Savings Bank Treasurers as well as other members of the community to feel that the institution has passed beyond the stage of mere experiment, and that the success of the movement is assured...
...Savings Bank Life Insurance in Massachusetts By ALICE H. GRADY Financial Secretary, Massachusetts Savings Insurance League THE PEOPLE of Massachusetts are evidently appreciating the fact that insurance can be obtained more inexpensively through the Savings Banks than in any other way...
...The premium income of the insurance departments for April, 1911, was $6,620.05...
...This is an increase in a single year of seventy per cent...
...They are beginning to get the Savings Bank Life Insurance habit...
...Two banks have established insurance departments, the People's Savings Bank of Brockton and the Whitman Savings Bank of Whitman...
...payable from the earnings of the insurance department) is aiding bank treasurers throughout the Commonwealth to look with less disfavor upon the innovation of combining the insurance business with that of a Savings Institution...
...In the beginning of the movement the Savings Bank Treasurers generally did not welcome the additional burden of responsibility which threatened to attend the establishment of insurance departments, but the fact that the treasurer of at least one Savings Insurance Bank has received an increase in salary of twenty-five per cent...
...Nearly $1,750,000.00 of insurance is in force at the present time...

Vol. 3 • July 1911 • No. 29


 
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