Herald of the times, and Rhode Islander. [volume] (Newport, R.I.) 1846-1849, 1848-02-24
Mutual Benefit Life Ins. Go.

The duty Of the husband and parent to pro-
v;d. when in health, for those who arc depcn-
dent on him, is conceded by all. \ regard to
the same obligations should lead him, while
living. to provide for their comfort and support
after his death Amid all the plans formed to
accomplish this object, none has proved NOR
successful than those furnished by well-rcgu-
lated associations for Life Insurance.
Institutions of this kind have been in sue
cessfu operation in England for more than al
century but it is only recently that Their ad-
van,ages have been sufficiently considered, and
their benefits embraced, III our own country.
In the mean time the experience OF institutions
of the kind in the old world has been mature
ing. until il has become demonstrated, by ACC
tuai results. that wcl-condncted Life Hsur-
once C1npanics not only afford perfect security
IN the insured, but also furnish a safe and prof
table investment to capitalists. II is with the
benefit of this experience that an Amcrc
Association commences business.
II Within the last few years, public attention
has been called to the fact that capitalists have
invested in associations of the kind, which, al
ter paving all losses apd expenses, not only
mad, regular returns of interest, hut large ac-
cumulations of profit were returned 10 the
stockholders Hence arose the plan OF N"f"d'
Insurance, by which the insured share among
themselves the nett profit ofthe business amp
so rapidly has this system grown into public
favor that at this time the greatest portion oi
all insurranc.s effected is with Mutual lnsur-
ance Companies. ~
/ Still another advance was called LOT ny a''
enlightened public sentiment. 1t was ascer-
tanned that by the liie-rates now uscn' Il rlrge
surplus mus, be constantly and rapidly accui''u'
lating, by the premiums received 'ha' iaise
norton of these sums were not needed W nv
immediate losses thatdiiliculucs attended 'ht
secure investment of funds; that IN ordcf 't
, accumulate a capital, the premiums received
should be Immediately invested, so una, ih'ef.S
should be realized on all the receipts ~
,hosn circumstances induced the formation oi
company, in which the MmndlP'H'tl" snou''
be thoroughly carried out, so lar aS .ono'o.a,'
: with perfect safety to the insured hl'el .aic
f,l and accurate investigation, IT was ascertain
, IL IL ,La, sncb a plan could be successfully
. oI ds,nJ 4 charter. embracing these prlncl
,,Ias liberal and generous in its provisions, AM
!, ,hc s,me time guarding with Jealous car
:, the rights of the insured, was op'ai'ieu 'io'
y the Legislature of New Jersey
Af,er two wears ofexpercncc, the director
Of tho Mutual Benefit Iifc Insurance Compah'
h,ve ,be satisfaction of announcing to the pu'
: lie, that although they have been compehe
! to meet the competition of rlSal associations
= thew have pursued steadily their course, trus
| mo TO time, and the merits oil the ihs.'u.io,
10 place il in its true position before the put
1t lie And after having encountered ana SUI
e cossfully overcome, all real opposition, ha'ii
y paid all its losses and expenses, amounting
the aggregate to S79,Sl6,o3, they nave, rS' S
" the ndt earned premiums Of the company, % d
clared dividend of M'riybre pcr o'ni' On u
frs, wears business and arc able a, this TIM
le as they believe to oflcr to the public P'af !,
10 Life Insurance, more favorable and sale TO u
insured than any other Company IN eA''
nee. -. ,,, =,
!. / The Associaton coIhi''' 80. /
ID ,won,y-6i,h day of April, A. ID. lsi9.
d charter and plan of operations were lana open
T. and fairly before the public ihey Wers su
p ,ec,od. as before stated, 10 the mos'rigid SET
m INV the interests of rival companies led The
r. TO disparage It's claims the most able ousln'
n, men and maihemailclans examined ana canvas
NO. cd ns system and the result oi all, was 'o
,g ,nbIsb the fact, that ",ru,h Is mighty o.
nj will prevail" The company rose rapioly W
ho public favor, and took rank among the olu'
and ,,ronrcst associations OF the klnd III