Herald of the times, and Rhode Islander. [volume] (Newport, R.I.) 1846-1849, 1848-04-13
Mutual Benefit Life Ins. Co.
Office No. IL, Wall ST., N. n.

II company.
II 4 ST those in good health, Of the proper age !;
II i and of sound constitution, will be insured al
The lowest rate Of premiums.
| 2d. The premium if over $50, can he paid
| one. fourth in cash and three fourlhs III secured
note at IL months, bearing per cent interest.
| and subject TO assessments If required, orit may
! be paid weekly, monthly. or quarterly.
/ Sd. Annual division OF profits in scrip cerlih'
Gates which bear 6 per cent. interest, aud II re-
| quired loan Of two-lhirdS on the scrip will be
| made in cash--or The profits can be added TO in
| crease The sum insured.
II ith. No persons are liable beyond the amount
| Of heir premiums.
H 9th. Married women may insure the lives OF
! their husbands, secure from any demands oi
! their creditors, if the premium does not exceed
| $500 per annum.
II 9Th. Creditors may insure their debtors OF
debtors themselves, for The protection of ciedH
\ tors
II 7lh. An insurance can be made so that the
| sum insured will be paid on attending Speci-
| fed age, or sooner in the event Of death.
II 9Th. All claims on policies will be paid three
| months after notice and proof OF death
II 9th. No rise will be taken on any ones lie es-
| ceedng $4,000, until the surplus prohls a.
mount to $50, 600 then the amount of risk on
| single life will be gradually extended as The
| funds Of the Company augment
II lUH w DlTfClOf OF oulOtl N"h DcsoiH u IOon
Of the Company.
! Ilh. when the net profits of the company a.
! mount to 5000, 900, the excess will be applied
towards the redemption Of Scrip,giving priority
| TO that first issued but the amount OF S2OOO 200.
| in addition 10 the reinsurance funds VIII be
| kept as a permanent fund, IN which The mem
bers have prorala interest.
u I2th The funds ofthe Company to be invest.
ed by the Finance Committee in bonds and
III nnpprnp1l q rcd real pSiatp
H the actual value of which Is twice the amount
H loaned-o or in stocks of the United States, or oi
! he States Of n York, New Jersey, MaSsachu.
sets. and Maine, OF loaned 10 members Oh
| their Scrip.
! 18th. No past sf the profits is Withheld, oi
| diverted from the assured in any way.
II l4th. There is no stock or loan, either nom.
| insl or real, TO pay interest for rhe company
having umple capital in the premiums roceiv-
ed.
h 10Th u enables n man to provide for wife
i and children, IN such n way, that although he
| mny lose all, they are safe and all persons,
n whether married or unmarried. t. provide for
/ old age, sickness, and want, as well US for
death
II 10th II does not reckon the assured ysar
L elder than he s-bui from SIX months less. to
H six months more, SO as to equalize the same
between all parties.
II I7tb IL pays no directors, ,aud ditors, or soIici
| tors.
II 18th. A portion Of the directors and the Of
H 6cers are chosen yearly, aud The members
vote according To interest
H 18Th The assured can surrender the policy
II II any time after term Of years, and receive
It's equitable value.
Goth Every precsution is taken to prevent
a forfeiture Of policy.
II ID. E, \ 4, L..
/ is authorized by its charter to make all aud
avery Insurance appertnining to or Connected
with Lii, risks, or whatsoever kind or nature
| and will grant unnuities nn6 make endow
| rnents, AS BY the Act Of Incorporation, passed
the Both OF Jansary. le45.
H The Directors Of this Company, deeply i'm
| pressed with the very great, useful nnd grow
| InQ Importance to community nj large oi Lie
| in,dranre, would call the attention oi th'
| public to the following observations and pr'n
lIciples, as intended TO explain To them lis pc
| cullar advantages, aud the particular features
| of this valuable institution. IL ~ seen above
how extensive the privileges are reaching t
svcry ri-k apper,nnIng To- or connected WIN
Il life guarding aud supporting Infancy 10 "'"
| age, IN all grades Of professions ard trades
orphans, wi iows and their chldrsn by small
4 annual Investment. on the principle oi Mnln-
H al Benefit, arising from Mutual Insurance. De-
II ing = self protective society. In ih's 'he'e u
/ no Money Stock the iuuda or caphn' aris'
4 from premiums paid in when persons maxi
i insurance. and these form the means to nak'
pa, ments on policies, grant loans, pay eapen-
ses, aud yield profits. All persons in-"f'o
II become members, but are not liable beyond
! the amount Of the premiums 10 be paid b,
i them The books Of the company are open u"
j them, TO see that the sums pad ..or securities
i received, are d dspo-itsd or invested according
to the charter, aud the nett profits. AT hx"d Pc
/ riods are d., idrd among them, as hereafter
lIuxplaucd The table oi figures aud the rules
| are made and calculated with accuracy, ai'e'
II tho experience and practice al old Eng'lsh
companies, and all persons can see v, them
/ now much they have to pay, aud ihe gains
they well be likely TO receive. lh'S p'a"
\ SpartakeS Of the Saving, Bank and Mutual IN.
/ ierestS affordng the security OF the one, md
/ gain oi the other and is entirely benevolent IN
! It's operations 1t also embraces provision ior
! Married Women To insure the lives OF lheit
! husband, for any amount the premiums ol when
i shalt not exceed S30G per annum, ana Is Secur'
! cd to them against any demands III law oi
=. creditors.
n The greatest portion Of society, who by dairy
! exerions Of industry earn support, a. aiueanN
/ and mechanics, deriving livelihood from per
sonal labur and skill seldom resort 10 lille In
| Surance, in any numbers for a future provision
| foT their families, though To none would IL oe
50 important as To them, who by sickness aud
| death. may in day. leave ho>e neaier' ana
II dearest to them in poverty. To men IN mcr
| camille pursuits aud those in probes lonal buSl'
ness of every rank and class, CT those who
/ have uncertain or small incomes and who
are most numerous IN wealth IN thc aggregate
and have It IN their power to provide aga,hN'
4 The viciSsiiudeS they are constantly eHPoNrd To-
II Life insurance. j. also Of The utmost imroHance'
i they and those in lower circumstances, are oUen
/ deferred from cnlelng into couaN', OF ,hs"i %
anse, a. The advantages appear femole-peng
N contingent on death, or ability to ray The pfe"'
/ umS.
III To assi. all such, this Mutual Beneht society
so atranges the payment OF tile premiums, ana
of ,.tpyns iu psrt OF the sane 10 enable all
4 persons 10 becomc members, end ENJOY h' ad'
yan,arcS while hyingj thus protecting them.
>eves IN life. aud providing Ior Their thnllies
sfler their death IN this wsya short li'c ms,
obtain, and leave TO hers the beueh' VI a iors
one.