Herald of the times, and Rhode Islander. [volume] (Newport, R.I.) 1846-1849, 1848-03-02
Mutual Benefit Life Ins. Go.

The duty Of the husband and parent 10 pro-
vide when in health, for thos, who are d-pen-
dent on him, Is conceded BY all. A regard to
the same oblil ATOMS should lead him, while
living, to provide for their comfort and supper,
after his death. Amid al the plans formed to
accomplish this object none has proved NOR
successful than thos. furnished by well-regu-
lated associations for litt Insurance.
Institutions Of this kind have been in sue
c,sstul operation in England for more than "a
century but IL Is only recently that their aL-
,antagcs have been sufficiently considered and
their benefits embraced, III our own country.
la the mean time the experience of institutions
ol the kind in the old world has been mature
ing, until il has become demonstrated, by aca
tual results, that well-conducted L,ic MSur-
auHe Companies not only afford perfect security
10 the insured, but also furnish Il safe and prof
liable investment to capitalists. IL is with the
benefit of this experience that an Amerlc :
Association commences business.
Within the last few years, public attention
has been called 10 the fict that capitalists have
invested in associations OF the kind, which, af-
ter paying all losses and expenses, not only
m.dc regular returns of interest, but large ac-
cunulaiions of profit were returned to the
stockholders. Hence arose the plan of Mutual
themselves the ett profit ofthe business amp
~ rapidly has this system grown into public
favor, thlt at this time the greatest portion of
all assurances effected is with Mutual lnsur-
ance Companies.
Still another advance WIS called for by an
enlightened public sentiment. 1t was ascer-
fllncd that by the lite-ratcs now used, larC C
surplus must be constantly and rapidly accumu-
lating, by the premiums received that large
portion of these sums were not needed to mee-
immediate loss 5 that difficulties attended the
secure investment of funds that III order to.
accumulate capital, the premlulss received
should be immediately invested, so that interest
should be re"lz,d on all the receipts. All
these circumstances induced the formation OF 4
company, III which the Nutuap prncple should
be thoroughly carried out, SO far as conslstant
with perfect safety To the insured. After care
fdl and accurate Investigation, 1t was ascertain
ed that such a plan could be successfully
adopted. a charter, embracing these princl-
pies liberal AMI generous IN It's provisions, aud
at the same time guarding with jealous care
the rights OF the insured, was obtained from
the Legislature Of New Jersey.
After two years oieXperience, the Directors
of the Mutual B.n,it Lift Insurance Company
have the satisfaction of announciHgtto the pub
lie, that although they have been compelled
10 meet the competition OF rival associations.
they have pursued steadily their course. trust
ing 10 time, and the merits of the institution
to place II III It's true position before the pub
lie. And after having encountered and sue
ccssfully overcome. all real opposition, having
paid all its losses anl expenses, amounting in'
the aggregate to SIS. SIG ,O3, they have, from.
the nM carned premiums of the company, de
elared a dividend of MWtg-Gre pr cent, ON the
first years business; and are able at this time !
they believe, TO offer to the public plan for
Life Insurance, more favorable and safe to the
Insured than any Other Company in exist
cnce.
The Association commenced business on the
twcnty-fiith day of April. \. ID. 1915. lis
charter and plan OF operations were lald openly
aud fairly before the public they were sub
lected, As before stated. to tn most rigid srru-
tiny; tn" interests of rial companies led them
TO dspar Igc it, claims the most able business
men and mIthematiclans examined and canvass
I'd rs system, aui the result of all. was to es-
t,bllsh tn, fact, that "truth Is mighty. and
will prevail The compauy rose rapidly into
public favor, and took rank among the Oldest
aud strongest associations Of th. kind in the
country. that at the present time 1t IS ssu-I
ing more policies, and lransactng heavier.
business. than any other Life Insurance Com
pany. Milton Hall of tins town is agent for the
above Company toNM.r