The Democratic sentinel and Harrison County farmer. [volume] (Cadiz, Ohio) 1851-1852, 1851-08-06
Life Insurance.

Every man should ask himself the ques-
ton, whether in the event of death, his es-
tate, family creditors ordependendents would
in consequence be exposed to sacrifice, suf-
fering or loss, and act accordingly-haying
in view the fact that he can scarcely provide
against any such sacrifice, suffering or loss
by insuring his life.
We have recently had the pleasure of ex
amining the plan of the Kentucky Mutual
Life Insurance Company of Covington, Ken
lucky, together with some of the computa-
tions by which its rates of premium have been
established. The Company has Guaranty
Fund of One Hundred Thousand Dollars
Twenty Thousand of which has byen paid in
upon Bank Deposit, and the remaining Eigh-
ty Thousand Dollars amply secured by bona
tide mortgage of Real Estate, and is payable
when required for the payment of losses, 1t
will readily be seen that mortgage of real es-
tate is the best and indeed the only perma-
nent guaranty for such an institution. We
are informed that prior to the Company GO
ing into operation, two competent persons
were employed in making the computations
for the establishment its rates of premium
These computations are a demonstration of
the practical working of Life Insurance
Company, experiencing the same rate of NOR
tality as given by the Carlisle Table, and
making full allowance for expenses commen.
cling with fifteen per cent. for the first year;
also allowing, (after the deduction of fexpen-
ses, return each year to the insured Of
seven per cent, (Which is required in the
payment to meet extraordinary losses should
they occur, and supposing that the surplus
will accumulate at six per cent. The CON-
putaton which we examined, was for the
age Of thirty, and was based upon the suppo-
sition that five thousand, six hundred and for
ty-two persons, (Which is the number survi-
Ying at the age Of thirty out Of ten thousand
bqrn--according to the Carlisle Table,
should insure their lives in the sum of one
dollar each, and pay premium of one and
nine-tenths per cent; that's, $1,90per 800
allowance being made each year for los
ses, expenses and contingencies as above
The result of this computation, which runs
througe a period Of seventy-ive years, is a
large surplus; proving most conclusively
that the rate of$1 so charged by the compa-
my for whole life insurance at the age Of
thirty, is sufficient and in all respects SAFE
The late charged by most other Mutual Com
panies for the same age, is 1926.
In addition to returning the contingent
per centage each year. the Company every
five years credits to the holders of policies
for the whole term of life, proportiopate
interest in whatever may be saved, by the
mortality among its members being less than
given by the Carlisle Tables. These credits
are payable in cash upon the death of the in
sured in addition to the original amount in
lsured. Thus personinsuring with the Com
Ipany for the whole term Of life, is not only
certain Of receiving at death the amount for
which he is insured, but if the insurance
continues for number Of years, may also
expect that the amount will be greatly in
creased by means of the five yearly credits.
We would advise all persons who desire to
insure their lives, or to inform themselves
upon the subject Of life insurance to call up
on Mr.. B. W. PHrLLIPs, the Agent Of the
Company for this place, who is prepared to
receive applications for insurance, andtp give
information upon all points,