Herald of the times, and Rhode Islander. [volume] (Newport, R.I.) 1846-1849, 1848-04-13

duration Of life, or for limited period, at the
rates specified in the tables, for sound and
healthy persons. Also, any person in sound
health may insure $500 for life upon his own,
or his wife's life, or the wife upon the life Of
her husband, Of the age Of thirty years, tand
in like proportion Tor other sgcs,) by paying
Is cents weekly, or on $1,000 by paying so
cents weekly, and the policy always re-
naming with the Company, with the premi-
ums paid endorsed thereon and in case OF
death they will be entitled TO the amount thus
insured, deductiDg hereffom the balance
remaining Of weekly payments, with interest,
for the current year. No risk will be takem
on a single life for more than 1000, until the
profits Of the Company amount to So, 900, af
ter which, according 10 the prohts,h amount
will generally extend to a sum not e1ceeding
$4,000.
The better 10 enable all PERSONS 90 insure,
the Company will annrally issae Scrip cert-
fcates, of estimated profits, bearing interest
at per cent. Whenever the accumulation
Of nett profits Of the Company shall exceed
the sum of $500, 900, the excess may he np-
piled from year to year, or semi-annnualy
therraiter, towards the redemption of each
years certificates Of scrip, in whole or in part,
as may be determined on by the board Of d.
rcctors, priority to be given to the scrip first
issued The insured may borrow from the
Company on his scrip, two-thirds Of the a
mount of the same at any t,De, which will
enable him 10 use a portion Of his profits tor
the payment Of his annual premium, even
before the redemption ofthe scrip. All class.
es Of persons will thus be admitted and ena-
bled 10 meet the premiums, and have the gain
of the Savings Bank, with the profit on
| large business, by an actual small investment
or outlay of money.
L All claims for insurance will be paid three
months ufter satisfactory evidence Of the
death Of the persons deceased is exhibited and
approved.
to sell his policy where II is for life, the
| Company will purchase the same at an equ't-
| able rate.
II Parties insured at the tsbIe mites Of premi--
ums, are not TO pass south OF the boutiicrn
line of Virginia and Kentucky, or east of the
Mississippi River, between the first day Of
| June and first day nf November but can Wis.,
it any part Of the United States or Northern
II British Provinces, between the first Of Novem-
Der and first Of June. BY the payment Of an
extra premium, insurance can be effected by
parsons who desire to reside South during the
interdictcd time.
II All persons whose lives are insured by this
company, are permitted 10 travel on any Of the
! regular mail routes, (wthin the limiss pre-
| scribed in the. policy) or on any ofthe NORTH
ern or Upper Lakes, by steamboat or other
common mode Of conveyance.
II Extra hazardous risks will be taken on per-
SONS going out or residing out of the limits of
the policy, and embracing all parts of the
world also on all persons going to sea, and
such other risks as may be specially agreed
| for, being more hazardous, to be expressed IN
their policies. The extra premiums to DO
computed upon equitable principle.
II Insurance will be made on the lives OF Mill
| tary and Naval Officers. off or on duty, IN
time of peace, the premium TO be settled ac-
cordng to circumstances Of climate, locality,
&c., as they may be more or less hazardous.
Il What can better illustrate the wise DISPOSE
ton of the Supreme Being, in the varying
term of human life, than the certainty Of the
general laws that regulate its duration, and
the rencc tions that arise from the contempla-
ton Of these laws operating constantly upon
the human race Life Insurance then tests
upon the simple fact, ths, every individual Of
the human rae has, at the period of his birth,
a certain term Of C Distence, which he VIII live
/ through, or wbr is called the mean dura ton,
/ or ex citation of life at BIRTH
II 1t question how such term ~ existence,
or mean duration, is found. THIS isdone
| simply by taking the number of years tfv-t
| have been lived through by party from birth.
to death, and also of 1000 others born at the
same time, and dying at all ages from To
Il 100 wears old-the number Of years thas Nv
Il ed by each person is added INTO one sum and
being divided by the number Of persons, the
| mean Duration of the life Of man ascertain~-
| ed
II Ifu were found on trial, that on taking the
| result Of the lives of ,OOO or 10000 mdvidu-
| ais aud deducting the mean Duration, and then
! going through the same process with like
| numbers, and the mean duration OF the latter
| differed widely from the former il would BE- to
| lnn n ia
! this is not the fact, and in nothing is the uni
| formlty of the general laws Of nature more
| powerfully exemplifed, than in regulating the
| period of human existcncc. The rsslt OF er-
1 perience is constant, that two Bodies of indi-
| viduals, each of 1000, living in the same coun.'
/ try, and # similar occupations, have each n
/ period of mean duration, which ditler on
L trfe from that of the other body. Rpply this
H to insurance on life in the same body of pes
| sons they pay a small sum or premium. an.
| nually, and the office, or Company, agrees TO
| pay them annually profit, and a certain sum
II At the death Of each as, by example, the ave-
H rage expectancy Of life is found by experience,
II 10 be of person in health of2j years, 81 ysrrs
/ more and Of 80 years - years lonvrr tRrT
| by the tables Of rates, the first has to pay
H goo 40 100 a year during his life, to secure
| $1,000 to be paid to his wife or children after
II his death the second pays S32 to insure the
| other items, that make mp the profits on Mu,n.
/ al Benefits, it is almost certain the amount of
H $1,000 insured will he much increased, wsrn'
/ IN the end IT is to be paid TO his heirs, nsL
| which is firmly established by the facts Of cx-
\ periencc. Life insurance, therefore, on Mu-
| tual Benefits, is not q hct,cious scheme to-
draw peopl- into, f"r money making purposes.
| Such an idea, if it exists, is most incorrect,
\ and dissolved AZ once by the very fact, that
Il this is Mutual Benefit Company, and con-
scqucn,y any person taking out policy, be-
| comes n member by n small annual payment,
/ md has JOINT interest in its concerns, and a
| voice in It's management. Founded on scion.
| tifc principles exemp,R~d by e1prrie noe hs
II real services then to all cls,-cs Of persons,
II who are dependent on certain incomes, or sal
aries, profe ess,ons, mechanical skill, or daily
Il labor cannot be denied and IL has proved es-
| sentally ben, ficial To the famRies of such IN
event Of death, and is therefore an institution
ranking among the noblest works OF bcncvo-
| lence in the world
4 Such being the equitable and beneficial priv
j ciplcs on which Mutual Life Insurance 10 es-
/ tablished, IT presents a most suitable and In
vorable means Of providing for the endrarcd
\ and dependent lives OF children; for what is
! tRr sat nation Of a man, who, for the grat'fca-
,ion of h,s "A N, ctions sOrrDpnsIs himself with n