Indiana State sentinel. [volume] (Indianapolis [Ind.]) 1845-1851, 1846-01-08
Mutual. Lie Insurance.

The light o science dem times led 10 discov-
cry which premises unao, cd good, and substantial
benefit 10 the human family, Than that of Mutual Life In
suIaIce The SUI jet l. Of the gres est Interest and
the nmurity awakening 10 true Of its i'm
poiiance means admirably adapted for making
vision for the comfort aud indcp ndeuce Of families.
Lille Insurance the ppcly muu' principle which
gives I" The insured the whole OF the profits advantage
Gus u all case- OF s"ceiy 10 the man OF limit means,
and The wealthy wcll-conducf"d Institution upon this
principle gives 10 The party injured immense pro addi-
ion to The insured by the p'cv such has been the
experience in Great Britain aud o5i will be in III
country. II II safe investment for money giving
pursuits But decidedly
and prudent application Of The system that
potion # The community in all professions and pursuits
who have families or friends dependent upon their personal
eXeltonS and earnings fo Subsistence To these classes its
utility evident that IL matter Of surprise that the
prac ice OF il his been general.
The subject has attracted attention by observing
statement Of The Mu"a Life Insurarce Comran, Of New
Yok which will be found III another column This state
exhibits the affairs of this Company be in
prosperous condition. TLs the first in this
country organized tho purely mutual system, and iIs
xampcd has fully established the soundnc' Of
the principles upon which II is based. The business e tie
Company cxcluivcy consigned that of Life Insurance
The raitics insured participate the uh0ic Of the profits.
having stock capital 10 absorb potion hcof It's pee
al paid IN cdh and invested as the charter pres
ch,s IN stocks Of this state and city and ~ bonds and
mortgages real estate IN tn. city and Brooklyn worth
donlc the amount loaned thereon. II commenced operations
the Isl Of February. lSi3 without capl depending solely
the ung fomum TO meet lpsscs and expenses IL
has been operation aid ten months during
whirh time II la. accumulated cash capital ~ neatly
100000 after paying al p.sc aud exnensc, which amount
II above mentioned. Prog
IN the sane a'io IT. cash rapai The 1T of Feitutu.
SiS (the time Of making IT. hsi division of prs "il
be S6oo 900 aud the dvc then be cauicd TO tho
credit Of each existing policy Will be 20 per cent The
Of premiums raii that patty havitg made Eve
annu, II 500 each will have 90 his r"a $500
la addition 4, The - m a. "a Ell tavaile ~ death These
results eowtg e the ah ,sicm f "a, mcns. adopt
cd by this company. Tie advantage Of such .ysiem ~
ton AID enhance. Tie benefits u The survivors al the a.
sured The dad, of opposite paee equally
obvous Looming the fund. 81 he comfany the pnmls-
notes Of individuals giving credit on the premiums.
impas Tie sceu, mac'iy reduce. the accumulation 10
tie parties insured aud necessarily dmnshc~ the advana-
gcs sought 10 be seemed by the insurance. the pfeec
surviving families hom nj and IT. aiiendani erts
The moral tendencies of the cash system should not To
sight a. The saving E" Tie rtquse sum 10 meet The
annual men VIII naturally induce an exemplary econ
ON, In families.
rhc,e are rromncn, objects which can be effected
hy means Il Insurance The FIST 10 impo aud
Of highest consideration h. that husand aud aihef'
can secmc comfortable pt,ison, ga The event 81 'h"ii
dc,ih their widows aud ehlden The SECOND - that MI
petons h,,rg pccurnfy interest ~ tie existence Il
HE that meieecent transactions OF the Mu-
ua Life Insurance Company Of New York will serve 70
illustrate the subject.
gentleman lc.iing In the state of Ind m. the ioh
of August last took out cy with ths CONAN, 90 h'
life io $1,000 - hn, one raime" was n'ir ~ SiV- W
J. did the 10Th Il September, aud b.. widow received Ion
vilcc the esur'd $4,000 She was 80 fHcbly "a"
pcs,ei with he advantage 81 fs lns'ancr hrns go
pent Of It's benefits that she Immediately Effected sn n."i
. anee ~ - 600 her life With this flee
for The protection of h'r fami, Of Young chid',p.
A merchant n of the southern States. hid Debt due
him Of s56eoknowng that %. ultimate pigment DEPEND
cd on the continuance e tie e OF has debtor he took
policy on II with this office fof that years pre-
Mum had pail e s6 Sisoon afie' be ascke'
with severe illness winch efn acd his e IA Sepiembe
last The company. picscnaiien of the requisite poo
his death paid the insured and by th precautions
~ measuie UNEXPECTEDLY aud suddenly realized doubt
iul clam.
gentleman Il New York security for his fiena
IN the sum OF ~ Oc0 by end rsment !. pae lie had
tie r,uirnce q hs NE al this ofee ca
. that amount only payment $3.50 made this wa
done on the 81 # Jul, la aud he died the 18th e Sep,m
her The mpauy paid him the 5000. which he a.plie
, 10 the payment OF h endorsements ihus by this nSuia G.
he wa re eased from his labts. which otherwise might
,. have put him q serious Inconvenience.