JEFFERSON STANDARD
PROGRESS
1940
HEADLINE FACTS 1940 REPORT
ASSETS CLIMB TO NEW HIGH
Assets total $94,764,607 ? largest in
company history.
SALES $1,000,000 WEEKLY
New life insurance sales in 1940 totaled
$51,000,000, averaging nearly one mil
lion dollars each week.
INTEREST EARNING EXCELLENT
5.11% interest earned on invested as
sets. The Jefferson Standard has consist
ently maintained leadership in this field.
5% PAID
Jefferson Standard paid 5% interest in
1940 on funds held in trust for policy
holders and beneficiaries (this rate
paid continuously since organization in
1907)?No change in 1941.
SURPLUS FUNDS INCREASED
Surplus, capital, and contingency funds
now total $6,730,000?new high mark
in funds set aside for policyholder pro
tection.
$422,300,000 LIFE INSURANCE
IN FORCE
165,000 policyholders own life insur
ance totaling more than 422 million
dollars.
PAID OUT $6,820,000
Policy benefits paid in 1940 total 16,
820,000. The Jefferson Standard has
paid Si 18,600,000 to policyholders and
beneficiaries since organization in 1907.
FINANCIAL STATEMENT
ASSETS
Cat* % 3,107,287
United States Government and
Municipal Bond*
AM Other Bond*
Stocks ;
Listed securities carried ?t market, comt,
or call value, whichever is lower.
First Mortgage Loans 49,793,609
On farm property 16.412.832.
On city property $43.380.777.
Real Estate 4,023.62?
This includes our seventeen-story Home
Office Building.
Loans to Our Policyholders 13,972,508
Fully secured Uy the cneh values of
policies.
Premium Loans and Liens 3,723,601
Fully secured by the e?ih value? of
policies
Investment Income In Course of Col
lection
Premiums in Course of Collection
All Other Assets
Total $
DECEMBER 31, 1940
LIABILITIES
POLICY RESERVES - S 7VW.U0
Tki* amount rtpreanU tka iimI ? re
quired by law to uwre prompt pay
ment oi policy obligation?.
RtMrv? for Policy Claim*
CUimj in oourae of aglllwwt o? wtftafc
proofs have not bcao mini
RntfY? for Tun ?
Premium* and Interval Paid in Ad
vance ,
Policy Proceeds Left with Company.
Dividend* for PoHcytielder* 07,47$
Reeerve for All Othor UaMMo* 271,173
S W.fTMff
Contingency Reserve 11,400,000
A fund to tak? care of ooo
tin?encie?. depreciatioo
on rr?l *?tat? and in?iwt
ment fluctuation*.
Capital 2.000.000
Surpiut Unassorted 3330.000
Total Surplus Funds for
Protection of Policyholders $ 8.73MOO
Total S 94,704,807
K. C. WRIGHT
Special Representative
MURPHY, N. V. TEL. 34