Herald of the times, and Rhode Islander. [volume] (Newport, R.I.) 1846-1849, 1848-04-20

1 This Company grant ihsnranres on i'es,
ON lhs Mutual principle, IN applicants on ,he,r
own lives of the lives Of others, Tor ne Wnoe
duration of life, or for a limited period, at the
rates specified in the tables, Tor souho anu
healthy persons Also, any person III sounu
health may insure $500 for l'fe upon ms c"n
or his wiCs's life, or the wife upon the lIie OF
\ Ter Husband, of the age Of thirty years, (and
II in like proportion for other agcs,) by paying
25 cents weekly, or on $1,000 by paying oo
II cents weekly and the policy always re-
| naming with the Company, WIN tne P'e"',
ums paid endorsed thereon ana III case oi
| death they will be entitled to the amount mus
insured, deductng thereirom the balance
\ remaining of weekly payments, WIN 'h'eLes.'
| c,r ,he cnrreut wear. No risk will be taken
| on a single life for more than So,ooo, un,i 'hc
| nrof;ts Of the Company amount to $5o,ooo AZ
II ter which, according to the prohts,'he amount
| will generally extend to a sum not exceeding
| Si5,000.
The better TO enable all persons to insure,
the Company will annually issue scrip cero.
icates, of estimated profits, bearing in,eies'
at 6 per cent. Whenever the accu,hu'a"o,
of net, profi,s of the Company shall exceed
the sum of 5000 OOO the excess may he APP
llplied from wear to year, or semi-annuaiy
thereafter. towards the redemption oi each
years certificates of scrip, in whole or IN part'
Il os NAV be determined on by the board oil d.
lrectors. priority to be given to the scrip hrst
issued The insured may borrow from the
Company on his scrip, two-th'rds oi the a,
mount Of the same at any tune, whcn WI.
enable him to use a portion OF h's proh's ior
H the payment Of his annual premium, even
before the redemption of the scrip, All CLASS
$ es ol nersons will thus be admitted and ena-
llhled IN meet the premiums, and have the gam
!; of the Savings Bank, with the proh' Oh u
Il large business, by an actual small investment
or outlay Of money. ~
dV All claims for insurance VIII pe pa'o .",se
d months after satisfactory evidence o' w
I. death of the persons deceased IL exhibited ana
y approved. a,.;.,hle far, ,erson
/. IN sell his policy, where 1t is Tor lie, 'he
e Company will purchase the same NJ an equ'''
d. Parties insured at the table rates OF prem'-
Iums, are not to pass south OF the oou'ne,n
nj line of Virginia and Kentucky, or east OF the
q Mississippi River, between the hrs' uay u
~ June and first day "f NoVeinuel w, Ns'harn
oi !, anv part of the United States or Nor'hern
eu Rru;sb Provinces, between the first OF NoVem
her and first of June. BY the payment OF an
o' ex,ro nremium, insurance can be efected py
II no,sons who desire to reside South during the
ba nterdicte time. -, All;
ne All nersons whose lives aIe insured by tn
company, are permitted to travel on any oi 'i'
n. regular mail routes, (wth'n the lim',s pre-
~ scTibed in the policy) or Oh any OF the Nor''
*. ern or Upper Lakes, by steamboat OF o'n'
a. lcommon mode of conveyance
ao Extra hazardous risks will be taken on per
ha sons goinr out or residing out of the linus
the policy, aud embracing all parts oil III
,an world also on all persons gong to sea, an
such other risks as may be specially agree
a for. being more hazardous, to be expressed !,
icd their policies The extra premiums 10
,t,h1 la
mn II Insurance will be made on the lives OF MI
he narv and Naval Officers, of or on duty,
IN time of peace, the premium to be settled a'
cording To circumstances OF climate, LOCALITY
est. &c, as they may be more or less hazaroou
md What can better illustrate the wise d'spos
,le, ton of the Supreme Being, in the varyI
unit term of human life, than the certainty oil u
OF general laws that regulate its anrat'on' a.,
su. the reflections that arse from the contempt
on ,;n, of these laws operating constantly upc
,ho human race , Life Insurance then ties
!, or unon the simple fact, that every individual
ibe human race has, at the period oi hts brt
on , certain term of existence, winch he VIII u
any l,hrough. or what is called the mean dura tio
eH. or expectation of life at BIRTH
Il is question how such term ot cx's'cn'
vii mr. moan duration, is found. THIS ~ do
lac simply by taking the number ot years u
ons, have been lived through by party from b''
Tor IA doath and also Of 1000 others born at
Ion same time, and dying at all ages from
100 wears old-,he number OF years thus !
year ed bv each person is added INTO one sum Il
:. /" being divided by the number OF persons,
am, mean duration Of the life OF man Is ascerta
,lici. Iri, were found on trial, that on taking
...rl, NJ the lives of 900 or 10000 indivi
e Of. ala and deductiug the mean durahon,and u
,befs ,,;ny through the same process with
,u,nb.rs and the mean duration OF the la
olicN differed widely from the former, 1t would o
;r,.' no purpose to follow out experiments
this - not the fact, and IN nothing Is the
event t;rm,tv of the general laws ot nature III
powerfully exemplicd, than IN regulating
neriod Of human cxistcucc. The result OF
my, II oerience is constant, that two bodies OF .
and viduaIs. each Of 1000, living in the same CO
ected try, and # similar occuPauohs' nave ca'
,,ur. nor,od Of mean duration, winch dIiicr on
dow Itriae from that of the other body. Apply
,assed 20 insurance on life IN the same b"dy OF
sons : they pay a small sum or premium,
" inn nuaIly, and the Office, or Company, agre'
crow nav them annually profit, and a certain
i ice At The death of each AZ, by example, the
# ,h, raoe expectancy of life is found by expcre
,r,n 70 bc of a person in health OFFS years, b y
- ne. more and Of 40 years y years longer
,,uye hv the tables of rates, the first has to
nbaye T. S2O 40 100 year during his HE, To 81
nm, ,o SIO0O TO be paid to his wife or children
4 with his death the second pays S32, to nsur
10 old same then taking the gam OF interest
rades other items, that make up the profits on
small al Benefits, it is almost certain the aInou
Mu,u. $1,000 insured will be much increased,
re- be. in the end it is to be paid to hls he'r'
here i. which is firmly established by the facts o
Al arise perience Life insurance, therefore, on
make ,ual Benefits, is not a hcticous scheI
0 make draw people into for money making purl
expen. Such an idea, If it exists, Is most 'nco
insured and dissolved at once by the very fact
beyond ths is n Mutual Benefit Company, and
paid b, sequenty any person taking out a polio
open to comes a member by small annual pay
curi,ies and has a Joint interest in its concerns,
cordinp voice in its management. Founded on
x.d be. tiGc principles exempllhed by experlen
.ronit.t real services then to all classes OF pc
q rules who are dependent on certain incomes,
~ aC,e; aries. professions, mechanical skill, OF
Eogl,sb labor cannot be denied and IT has prov
~ ,hem sentially beneficial to the families of su
"a Gain. event of death, and is therefore an 'nst'
his pla" ranking among ,,e hoo'e'' "''"' - ~