Payments to policyholders and beneficiaries during the year just closed amounted to $13,500,000, bringing total payments since organization of the company to $226 Million. Assets ot the company increased by more than $28 Million to a year-end total of $324,852,407. Investment earnings were maintained at a high level throughout the year, and JefTcrson Standard for the sixteenth Near leads all major life insurance companies in rate of interest earned on investments.

80.9%