Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1850-01-10

were constructed after ample " observations Oh
the bills of mortality and fix the average dura-
ton of human life approxmating so nearly to
certainty, that they may be relied upon in all
calculations where the tenure of life is concern
ed" Nothing is more uncertain than the con
tinuance of individual life, andy nothing more
certain than its average duration; it is this GER
taintv which places the calculations connected
with Life Insurance, upon broad and sure ba-
SIS"
The rates in our table are much lower than in
most of the English and foreign companies, and
yet not so low as to endanger its existence, asis
believed to be the case with many specializing
institutions which are springing up in various
sections of the United States.
The National Life Insurance Company, with
the economy and care with which its concerns are
managed, is commended to the favorable consid
Grafton of an enlightened public-in the two
fold form of a safe Life Insurance and Saumgs
Institution. The latter, to those who have Life
Policies of many years duration, is scarcely less
important than the former. The results in com.
panies having no advantages over this, show that
in policies, say oftwenty years duration, the pro
fits paid at death have been equal 10 the entire
annual premiums at compound interest, IN nddl-
ton to the sum insured
In accordance with vote ofthe directors, the
Carlisle Table, (of acknowledged permanent
safety, has been adopted in preference to the
Northampton, and othor more expensive tables
now in use by many Of the English and Scotch
companies of London and Edinburgh.
In the use of ,ha Carlisle Table, where the
full premium is payable annually in advance the
| Mutual Life Insurance Company of New York,
winch commenced business in 1913, with)u'
capital beyond tn premiums afforded by this ia
bic has accumulated within the short period Of
seven years a Safety Fund of upwards of niue
hundred thousand dollars. The dividend declar-
ed upon the business Of this one company during
the first five years. was ftty-two per cent, after
paying one hundred and sevenly.6ve thousand
dollars in losses and expenses.
In the use of the same table, the Equitable
Life Assurance Society OF London, has accumu-
lated Fund of Ell 100000 sterling or $55,OO0'
600 after paying half as many millions during 81
wears IN losses. This company, as well as the
Mutual Life Insurance Company of New York
commenced business without capital. The large
funds of profits for the most part have been DC
rived from their annual receipts OF premium
and from their investment Mt compound ln'ereSt
Previous to the yelr l770, when the Carlisle
Table was formed this company IN London, u
der the use of DIR. Prices Northampton Table
of much higher rates, had done but small
! ,naunt of businrss; since that time their busi
ness has gradually been increasing, the dnnua
| receipts at this time of this one company in Lon
don amounng to over t0O millions Of dotIdrS-
Their plans of bnsinets on the purely Mutna
principle may now be SAFE ly followed by all ne'
institutions, and adopted as a model of safety
profit and usefulness. A member Of this Lon
don company who insured $4,000, at the eXpira
ton of "a years, was entitled, at his decease,
$4,000, the accommodating profit and intere,
during that period having amounted to 81 00(
+ which large sum of accumulated profits wa
paid IN addition to the $4,000 originally insul
ed. Another member who insured $4,000, {
the expiration of 54 years was entitled to 800
900, or more than .fue times the original SUI
which he insured, which, at his decease, wa
J paid to his legal heirs. The number Of insu
, ances made py this one company in the cours
/ Of twenty years, from the year 1900, was ISL
/ 754, or more than $500 annually, by means
which thousands of families were saved fro
extreme poverty.
: The existing policies of Life Insurance,
England, in the year l845, amounted to $24C
8 600.
: by a recent Medical Report in Scotland, Il
average per cent, of loss annually, upon 53,4;
persons at 40 years OF age. has been shown
J. facts and statistics of mortality to be less tht
: one and quarter per cent, while the Mort
ampton Table makes the average over two al
\ a half
: By the same Report, the average yearly Ii
' ses OF deaths upon every 10000 persons at
d years of age is a fraction over one and half p
: cent.
: The first dividend of profits of the Connec
f cut Lite Insurance Company in the use Of t
y Carlisle table, was forty per cent, and the Sc
= ond sirty per cent, after paying all losses al
: pxPpnses, proving that the rates OF Insurance c
G toblished in this table are not only permanent
h safe, but ample to meet all ordinary losses al
expenses during tie vho'c period of life, whho
any Reserve Capital phateUer Equal proof
e afforded that these rates when fully paid IN cas-
>, will meet all ordinary losses and expenses DIT
d ring the first ten or twenty years 10 double
o quadrapie the amount.
y These favorable results were in conseuuen
S Of taking none bni good lives; from large
e crease in investing the funds, and also, from t
4 short policies. 1t is understood that none b
II members ofthe company share in the accumu
tions of the funds, but that in cases of death
e 'quitable share oI all the profits will be paid
/. th holder OF the policy.
,t With such incontrovertible evidences of {
q present security and permanent protection
fe fo ded in the use of these rates of insurance.
), der their full annual cash payment, the Board
Directors have deemed it expedlenl at p, ,e e
r. to dispense with the payment Of large poti
v Of their Revised Guarantee Capital in order
al avoid this tax upon the insured members, viii
e. the guaranteed interest upon its fnll paym,
e. would otherwise impose. They have, in acc
N dance with this determination, adopted the pu
D ly Mutual System of Insurance for the first eli
r. of members until the number'sha be ncrea'
n. to 500, under the practical operations Of VIII
" all the profits of each year, without any dedl
I'd ton, will revert to the assured in proper ion
d, the respective premiums paid by each me
hpr