The daily crescent. [volume] ([New Orleans, La.]) 1848-1851, 1849-01-05
Mutual Benefit Life Insurance.

The duty of the husband and parent to provide,
when in health, for those who are dependent on
him, is conceded by all regard to the same OBJ
legations should lead him, while living, to provide
for their comfort and support after his DEATH Amid
all the plans formed to accomplish this object none
have proved more successful than those furnished
by well regulated associations for life insurance.
Within the last few years, public attention has
been called to the fact, that capitalists have invest
ed in associations of the kind which, after paving
all losses and expenses not only made regular re-
turns of interest, but large accumulations of profit
returned to the stockholders. Hence arose the
plan of mutual insurance, by which the insured
share among themselves the nett profits of the bust
ness and so rapidly has this system grown into
public favor that at this time the greatest portion
of all assurances effected is with mutual insurance
companies.
The oldest tables of rates for life insurance, were
formed by DIR. Price, from bills of mortality kept
in the parish of All Saints in England, during the
years 1875 to 1850. The position of DR.. Price is,
that mortality is proportionate to the causes of it
and an Improvement having taken place in the
general mode of living, among people, so has lon
gevity increased. The vice of intemperance in
eating and drinking, has greatly disappeared, and
the physical condition of mankind improved there
by. When people have provision in life insurance
TO which they can with certainty resort in case of
death and infirmiiies of old age-by taking some
thing from their present earnings-they have an
inducement TO preserve their health, by avoiding
exposures and irregularities of life.
Though life insurance has become so very general
in England that in London there eighty offices
for this purpose and throughout the country every
town has its agencies STILL in these United States,
il is very little KNOWN and consequently little en-
gagged in. 1t is therefore object TO bring it so
plainly before the public as to make it known, and
show it as embracing incalculabe benefits to the
public:
Persons taking out policies for e by paying 50 per cent
oil the annual premium cash. their for the
feans renewable in twelve months, by paying per cent.
Sections fourth and fifth of the charter of the Mutual Bene
That shall be lawful o pi sny married woman by her,
sell ana IN mel name or IN the name of any third
sole use the life Of her husband of any definite parod or
for the term of his natural life and in case Of her snryyinr
due and payable bv the terms Of the
be payable her to and for her free from the
tors but such exemption shall apply when the amoTnt
of premium annually paid shall exceed three hundred
of the death of the wife before the decease
Of the hush nd the aopnt Of the insurance be made
payable after death to her Children for their and
creditor may insure the life of his debtor to the extent of
his debt, as an indemnify against the loss OF The debt
Upwards of $4,000 has been paid out in losses
to citizens of New Orleans, by the Mutual Benefit
Life Insurance Co. ofNewark, N. j., and We hope
to see all our citizens who have families dependent
on them members of this institution.
merchant of this city, who had been unfortu-
nate in business was persuaded by friend to take
ont policy on his life for $1,000 although at the
time in most vigorous health; he died within a few
months after paying the second premium, leaving
il not been for the policy of insurance, would have
been left destitute.
We refer to the advertisement of our friend, III.
G. Heart, in another column, who has ever taken
an active interest in all that concerns the welfare
of our city and its citizens