Southport telegraph. [volume] (Southport, W.T. [i.e. Kenosha, Wis.]) 1840-1850, 1849-07-27
Communications.
LIFE INSURANCE.

Fire and Marine Insurance having been for
many years extensively practiced by our Gill
zens, It's sautary influence is generally aCknoWl-
edged and abundantly eXemphtied and illustrated
by the frequent losses, by sea and land, sevc-
raj offices have sustained; but the importance of
LIFE INSURANCE---its beneficial tendencies
and perfect adaptation to the varied circumstan-
ces of mankind---and more especially the great
inducements and advantages presented by the
mutual system, are matters but little understood =,
felt or appreciated in this country. In the east
ern States, more lively interest generally pre-
walls, and persons Of all classes and conditions
seem eager to avail themselves of its protection
In the City of New York alone, single office
i'll competition with some sin or eight similar in
stitutions, issued in one year l70l policies The
Mutual Life Insurance Company of New York,
30 Wall street" issued from the LIST of February
1913, to the lst of February, lS49, 1915 policies
The introduction of the Mutual principle of
Life Insurance to the notice of the people of the
Western States has been most tavoraby recei-
we'd, and an increasing interest is everywhere
manifested. When the subject in all its fea-
lures shall be tairy estimlted, it is believed there
are few persons who will hesitate to embrace its
advantages AS prudential measure it forci-
bly, addresses itself to the man of moderate cir
pi-e w S'Cis pIAlf"i'tic i''t:
rich or poor it appeals in terms which must
sooner or later command his attention. As Il be-
nevolent institution. it deservcdly ranks with any
other Who can estimate the vast benefits If i,
capable of comforting?
An individual u years old, can have 81 900
insured on his life for less than three cents "A dav;
at 80 years OF age, to secure the same amount,
he would have to pay but little over four cents
day; at the age OF forty years, the premium and
like sum would be about five cents day: and
so on III the same ratio up to the age of 81. The
industrious laborer, of 80 years, by laying aside
two dimes day, may have the handsome sum of
Fire Thousand DOilars secured to his family in
the event of his death. Thus by little extra
excrtion, he could support his wife and children
As comfortably while living, and, dying. leave
them in as happy 4 condition as a fortune of
$4,000, deposited in bank, or invested in real
estate could make them.
No married man, therefore, should postpone
effecting insurance on his life even for small
sum. No time should be lost What is more
poignant or distressing than the thought that
death may oyertakc us before we have made some
little provision for those we Lowell
Persons having their lives insured, are permit
ted to travel TO any part OF the United States and
Territories organized in lS47, at all seasons of
the year, by steamboats, or otherwise, exceptino
from the LIST of July to the LIST of November. du-
ring which period they are not allowed TO cross
the thrty-thrd parallel of North latitude. without
special permission and additional consideration
Extra hazardous risks are taken on the lives
Of persons residing at places out of the bounda-
res here given, and embracing most ports of the
the civilized world, ut equitable rates of premium.
adjusted according to the circumstances of the
case, as respects climate, locality, &c.
Perlnlssions are also granted to all persons
upon whose lives insurance is effected to make
voyage out and home to any port of the world
upon reasonable rates.
1t is a matter of regret that so little is done
IN the business OF Life Insurance in this
region. There is no country to which its bene-
fits are more important. Enterprise and activity
rapidly develope our resources. and when this
is characteristic of people, there it is that Life
Insurance accompiishes most in alleviating ca
lanty and securing social comfort.
Life Insurance is no new thing, got up as
catch-penny affair. As to the exact point of time
when 1t first originated or first began to claim
attention in the commercial world, we are unable
to saw. But it is generally conceded that it
must have been considered, ii not actually adop-
ted, in the latter part of the 18th century. The
first regularly organized company that is easily
is the Amcable Society for insurance on lives.
established by charter of Queen Anne in l706
The Royal Exchange and London Assurance
Company, began TO insure lives in the reign of
George /. The Equitable Society of London
was established in 1862. About the year IT'S.
LIte Insurance obtained firm footing 1t was
about this time that the Carlisle table was
adopted, founded upon the observations of
Drs. Price and Milne, and is now regarded as
the only safe basis of accumulation that will en-
able any company ultimately to meet its liabili- !
ties in good faith. In the table alluded to we
have the experience of century, and those
companies who have adopted this table and been
governed by it, have uniformly succeeded. No
tables of mortality of a general nature, have ever
yet been constructed in the United States 1t is.
however, believed by those who have directed
their attention to the subject hat the duration of
life in the Northern or Middle States, is about
equal to its attainments in England or Scotland.
Dealers may well look with distrust upon the
dolngs OF any company that assumes to do bust
ness on any other basis. u. c. g.