Herald of the times, and Rhode Islander. [volume] (Newport, R.I.) 1846-1849, 1848-04-27

duration oil lie, OF lbf ihi''s' fN'~' =,
rates speci6ed in the tables, for sound ana "a
healthy persons Also, any person IN souho
healtl, NAV insure $500 for life upon ms own
ar his wif,'s life. or the wife upon the lie oi ~
Ter husband, of tie age OF thirty years Sano
in like proportion for other ages,) oy Payps
% cents weekly, or on $lOoo ny paying oo
cents weekly. and the policy always re-
,na,n;ng with the Company, with the prem,
ums paid endorsed thereon and IN case oi n
death they will he entitled to the amount thus
insured. deductny therefrom the paiance X
remaining of weekly payments, WIN 'h'ei.',
for the curreut year. No risk VIII DC tahen f
on a single life for more than $o,ooo, unt'i '',c Il
profits Of the Company amount TO Soo'ooo' az 1
ter which, according TO the prohts,' ,'he amount I
will generally extend to sum not exceeding c
$4,000.
|, The better TO enable all persons TO INSURE
/ the COMPANY will annually issue Scrip certi-
! 6cates. Of estimated profits, bearing interest
AT G per cent, Whenever the accumulation
! of nett profits of the Company shall eNceeu
the sum Of $2O0DO0, the excess may NC aP,
plied from wear to year, or seIni-annualy
thereafter, towards the redemption OF each
years certificates of scrip, in whole or IN paIt'
os NAV be determined. on by the board oil d'-
reciors. priority to be given to the scrip hrst
issued. The insured may borrow irom the
Company on his scrip, two-thirds OF the a,
mount Of the same at any time, wh'cn WI,
enable
t,he payment Of his annual premium, even
b. before the Redemption of the scrip. All class
) es of persons viii thus We admitted ana eha-
bled 10 meet the prcuiiums, and have the gam
of the Savings Bank, w the proht on
IT large business, by an actual small investment
or outlay of money m
1t All claims for insurance will be paid three
ID ,,on,bs after satisfactory evidence OF the
IT,. death of the persons deceased is exhibited ana
y approved. ,,,. orso,
fl a., sou his noiicy where it is for life, the
G. Company will purchase the same NJ ah equ'''
~ able rate. -.
n Parties insured at the table rates OF preh'-
ums are not t. pass south OF the S'u'nci"
nj line of Virginia and Kentucky, or east oi lhr
. N,ssissipp River, between the hrst day oil
o' lime and first day f November but can VS.
q, il any part of the United States OF Nnftherh
Gu British Provinces, between the first OF o'em'
ber and first of June. BY the payment oi an
~ extra premium, insurance can DE ehec'eu ps
- narsons who desire to reside South during the
he intcrdcted time.
ne Ali narsons whose lives are insured by tins
company, are perm,tted to travel on any vi the
20. regular mail routes, (withln the i,ih'.s pr.
scrlbed in the policy or on any oi the No,'n
e,. ern or Upper Lakes, by steamboat or olhe'
A. common mode of conveyance.
an Extra hazardous risks VIII be taken on per,
tue sons gong out ol Ies'u'''S ~ =, - al,
the policy, aud embracing all pafls OIL ti''
a. ~ world also on all persons going to sea- ah'
srch other risks as may be specially agree'
q, for. being more hazardous, to be expressed u
led their policies. The extra premiums 10 VI
rity computed upon equitable principle. .,,,
NOD / Insurance will be made on the lives OF MI
hei i,arv and Naval Officers, off or on duty, II
pm time of peace, the premium to be settied nc
cordnr to circumstances OF climate iocaii'y
est Nc as they may be more or less hazardous
and Il What can better illustrate the wise disPos
late ton of the Supreme Beng, IN the Varyin
GUN term of human life, than the certainty OIL III
II o general laws that regulate ITS duration, an
hu- the reflections that arse from the contempli
Oh ton of these laws operating constantly upo
the human race Life Insurance then ties
|, or upon the simple fact, that every individual
the human race has, at the period of his birt
ON n certain term Of existence, which he VIII il'
'any Through, or what is called the mean duration
CIV or ex pectation Of life at birth.
IL is question how such term OF ex'stenc
wife mr. mean duration, is found This is don
he s;mplv bv taking the number OF years tn
ons, have been lived through by party from bir
for to death, and also of 1000 others born az u
8 TOR same time, and dying at all ages from
100 wears old--the number OF years mus II
year ed by each person is added INTO one sum a
IS. 10 being divided by the number OF persons,
same moan duration Of the life of man Is ascerta
ed ,
ocl- fit were found on trial, that on taking
,osnlt of ,he lives of COO or 10000 indlvi'
'e Of ais and deducting the mean duraton,and ti
hOers poinp through the same process WIN
numbers, and the mean duration OF the lat
oici differed widely from the former, 1t would DC
ceNc 40 purpose to follow out experiments
this is not the fact and IN nothing is inc
event cnrmItv Of the general laws of nature IN
oowerfully exempliied, than IN regulating
II d,fl lutnnn a xistpncp- Inp result OI
any, Nnerience is constant that two bodies OF II
1 aud yiduals, each of 1000, living III the same co
rected try, and # similar occupations' nave eac
,,ure, pcriod of mean duration, which differ onl
nduw Itrine from that Of the other body. Apply
passed to insurance on life in the same body oil
sons they pay small sum or premium,
" i'm nually, and the Office, or Company, agree
grow nav them annually profit, and certain
II Life a, The death Of each as, by example, the
of the rare expectancy oflfe is found by exper'e
prin. Ia he of a person in health of2j years, 81 y
i,s pc. more and Of 40 years % years longer
a,ures by the tables Of rates, the first has to
above 500 40 100 year during his me, 10 SCI
ling to, $1,000 to be paid to hls w'ie OF cn"ufen
Il with his death the second pays So<, W '"s"''
to old same then taking the gam oi ,h'erest, :,
radcs other items that make up the proil's Oh vi
A small al Benefits, it is almost certain the amour
Mu,u- sIuOO insured will be much increased, v
cc be- IN the end it is TO be paid to his heirs
here is which is firmly established by ti'e iacts o'
al arise periencc Life insurance, therefore, on
, make tual Benefits, is not ictlcious schem
. make draw people into, for money making purp
expeu. Such an idea, fit exists, is most moor
insured and dissolved at once by the very fact
hey ond this IS Mutual Bencht company, I.'u %
paid by sequen,ly any person taking ont policy
open 10 comes a member by shal' ""nu'' pay
cut,,,es and has a Join, int, rest in lis concerns,
cordius voice in its management Founded on
xrd pc. tlfc principles excmpliiicd by expeT.enc
sreaiter real services then to all classes oi per
e rules. who are dependent certain incomes, @
-, a,te; aries, professions, mechanical skill, or
Eng,,sn labor cannot be denied and 1t has prove
by tnom srntlally beneficial to the fnmllies OF sn
he .n,u. event # death, and is therefore an INST,
M. p,pn ranking among the noblest works oi be
"a uai lh- lrncc IN the world -
me, and Such being the equitable and benehcia
,olent IN ciples on winch Mutual Life Insurance
slon Ior tabllshed, II presents most suitable
OF Their yorable means Of providing 4or the On
o n hlCh and dcnpuhent lives of children; Tor