Herald of the times, and Rhode Islander. [volume] (Newport, R.I.) 1846-1849, 1848-04-27
Mutual Benefit Life ms. Co.
naicc NO. III, Wall ST., N. u.

ST those IN Soou ue'lth' VI ~, ~ P'tof
/ and of sound constitution, VIII oe ihso'eu ~
he lowest rate OF premiums. ,,;, 4
"a The premium, If over $50, can be palu
mo fourtb IN cash and three touHhS III secureu
note AT II months, bearing y per ceni 'hlelc'' .
md subject 10 assessments If required, on may
be Maid weekly, monthly OF quarIerIy'
Id. Annual division OF profits IN up eeI'l"'
cafes which bear u per cent. lnieres', anu - ~
ouired loan of lwo-lhirdS On The scilP Wh' uc
made in cash-or lhe pfou's can 'e '''N
,rease the sum insured. .
lIh. No persous are liable beyond the amount
of ,heIr premiums ., lance oc
9TH Married women may insure ,ne "'t'
,beir husbands, secure from any drhahu> "i
heir creditors, if the premium does not eAeeeo
800 per amman ,o;u ,oh,ors. or
Gth Creditors may insure their debtors OF
debtors themselves, for The PToleeuoh o ei9'
tors. ~ m N a the
.,,,r ;nsured will be paid on aticn ing p cl-
6.d ,oe or sooner in the event oi deaIl'
s,h An claims on policies be 'aia hFee
monlhs after noice and proof dea n' acc
OH No rise will be taken OIL any mes NE eA-
caediny 5000, until the sur as Prohts a.
mount to $4,000 then the amount oi IleN "il
SINGLE lIle will be gradually extended as '"e
funds of The Company augment
IOth. No Director or Officer can obtain io'n
\ Of the Company. .,
iI,h. When the net profits of the company a,
nonnt TO 5000, 900 the excess will be applied
towalds the redemption OF scrip,givlnG ptloilty
Il ia that first issued but the amount ol s2oo
| in addition TO the reinsurance iunds wiz 9e
/ kent as n permanent fund, IN when lhe mem
\ beis have proraa interest ...
Il I2th The funds oithe Company 10 ue invest !,
! ed by the Finauce COMMITTEE III ponuS anu
II f,s, nor,pnpes on unencumbcred real estate
II The ,clual value of which is twice the amoui'
| lnanedor IN stocks of The United Slales, OF o
| he States of n. York, New Jersey, MaSSachu'
sa,,e and Maine, or loaned 10 members on
their Scrip. ;,Lo,l ~,
I3,h No part Of the profits is Withheld, oi
diverted from the assured IN any way.
II 18th There is no stock or loan, e'the' "''h
/ innI or real, TO pay interest tor ths c"hp"h.
having ample capital IN the premiums '0'e'
ed. a.
III 18th, Il enables a man to provide Tor wl''
, and children in such u way, that although h'
NAV lose all. they are .afe and all persons
| whether married or unmarried, To proVlde !"
\ old age, sickness, aud want, US wen % ~
S death. , m
Y I6th. II does not reckon the assured yea
vi elder than ho is-but from Elk months loss
e ,ix months more, 80 at to equalize lhe sam
{ between all parties. Iii,
l7lh II pays no dTectors,aud''of'' OF so''o
tors. , ,L -
u 6cers are chosen yeaiiy, ana tue '"s''''
S vote according to interest
Id lo,h The assured can surrender the poH'
a Al auy time after term OF years, ana rece''
= It's equitable value.
c 2Oih. Every precautlon is taken 10 pfe'e
a forfeiture of policy.
e, The Mutual Benefit Ltr Insurance Company
al il authorized b. its charter to make a
90 every Insurance apperiainIng 10 OF c"""'.'
rd II with Life ri,,s az whatsoever kino OF '"'
a, and will grant annuliles and make emu"
- m.nts, AS b, the Act of Incorporation, pass
for the Both OF January, lo4o.
,r- The Directors Of this Company, deeply
,ve dressed with The very great, useful. and gro
toiI inp importance To community at large oi l.
,u- Insurance, would call the attention ol
md publc TO the following observations anu Pr
ere cinl.s. AS intended to explain To ths'n It's
red cnlinr advantages, and the particular ieatn
Six uC This valuable institution. II Is seen ap'
ra. how extensive the privileges are 'each'"t
ate every risk appertalnng to or 'onhec'eh "
life guarding aud supporting ihih"cy I"
- aye, IN all grades Of Professions aru Hau
int. Il orphans, wi lows and their chlidrenoy ."
ew. 4 annual Investment. on the prIncIpe oi WI
est \ al Benefit, arising from Mntual insu'""'''
- a cell prOttCllNe sotItlD ." WV
,d's Il no Money Sock; the iunda or chplia' d
.rIy 1 f,,m nr,miums paid 10 when persons IL
IN. Il insurance and these form the means To III
n & Il payments on poiicIes, grant loans, pay eAi
.es, and weld profits. All persons ih''
b,cvme members. bat are not lIao'o uey
:, the amount Of The premiums 10 oe pau
VI ih,m The books OF thu company are ope
,o-y. Them, to see tha, the sums pa'u' OF scou'
,tar received, are deposited or In'es'ed acco''
- to th, charter, aud the nett proils. al hAro
- rod. are. divided among thsm, as h"'''
- .xnl,lned The table oi hsnfas a"' 'he y
.,a made aud cujculat,d with accutacy,
birh the experience aud pfhIuce Ut o'' ~"
pIi r,,nuo,ies and all persons can zee ~
,t,,. now much they have To pay, and .ht T
'"E ,b,y will be likely To receive. ] h-
y" ~ .ar,al,es of the Savings Bank and Mu'u'
;,,| iefeSs afordng the security oil ihe one
= Gain oi the other. and Is entrely OeheVo'e
I.yl n, operatIuns It also embraces P'oNiN',
o'''. uarr.d Nomeu to insure the lves oi
40. husbands lol any amount The premiums u
n shall not exceed -JDg per anhuil, dhu !,
Ill cd TO lhem against any aeha1"' :" ~
creditors 80. -, h,
pera' .xeri,ons of industry earn support as AZ
" '" aud met hanlcS, deriving hveIhooo i'n
NHeu .oual labor and skill seldom feSOll 'o h'
-, surance, IN any numbers, ior lu'hIe pr
W. rot their families, though To none "ou'u
90 i,pportant as to them, who by sichne'
death may in day, leave ihore hea' g
dearest to them IN poverty 10 I''n =
cantile pursuits and those in pfo'es, iona
ness of every rank and class, ,r thoSe
lave uncertain or small incomes ah'
are most numeron, in wealth IN The aRs
and have 1t IN their power 10 prondei
Inc yici,silndcs they arc ronsia"ily eNP"
= =, L.ife Insurance. IL also Of The utmost l'hp'
. ihey and those IN lower circumstances at
n deferred from entering INTO couas's, o'
ance. a. the advantages appear remote
contingent on death, or ability to pay he
ums e.
10 a.sir all such, this Mutual Beneht
% arranges the payment OF tie Prem'u"
4 Of ieinrns ~ part OF the same hS !" 'u'
~ per.on. to become members, snd ey'y
sed ~ yan'ages ~hiis living; thus protecting
y sale seves in lite. and providing Tor theu '
, a6er their death IN this way short "