The weekly Ottumwa courier. [volume] (Ottumwa, Iowa) 1857-1872, 1868-11-05
(From The Insurance Times. Sept. 1858. }
Sacurity Life and Annuity Co.

When q corpany's excellence is
equalled by it's success, the contem>
plation Of it's career affords its
friends unqualified satisfaction. The
Security Life Insurance and Annuity
Company, of New York, presents :
rare example of this happy combina
tion. It is one of the most sterling
and prosperous institutions in the
country. Its plan, matured with
consummate skill, and active in every
feature, ful6ls the benevolent designs
Of Id insurance, by bringing its
blessings home to the firesides and
hearts Of the rich and the poor alike.
The company was established in
January, 1862, and gained that year
two hundred and eleven members
1t qundrupled the number the follow
ing year, and has progressed at q
similar rate ever since. 1t issued
over 1000 new policies last year, and
will probably issue over 5000 this
year. In 1862 its receipts amounted
to ga, ,433, and its assets to 1922 1857
Its income this year will not fall
short Of $1,000, 900, and its assets
will about double that amount. Du-
ring 1867, its gain in assets, beyond
those of 1866, exceeded $500, 900, and
it will this year make correspond
ing stride in advance of the achieve
ments of the past.
That this marvellous success has
been won by merit and excellent
management, is demonstrated by the
Security Llfe's low rates Of expenses
TO income, and of losses to amount
insured, in which respects the Mas
sachusetts Llfo Report for 1867
shows that it has exceeded the ma
jority Of the best companies in the
country. The sane Report proves
that it selected, in 1867, q better class
of lives than did three. fourths of the
companies doing business in Massa.
chusetts, while it surpassed at least
one-half of its competitors in the
amount of its surplus, and in the ra-
ito OF its assets to liabilities.
This testimony in favor of the Se-
curty Life is that Of figures, which
cannot deceive. They are the off,
cial figures published by the Insu-
rance Commissioner Of Massachu-
setts, and recommend, with more
force than could be produced by the
most glowing eloqnence, this emf
nently aucceesful company TO the ia.
vor and patronage Of every husband
and father in the land. They prove
that, although liberal, accommoda
ting, and progressive in every partic-
ular; it is conducted with great vigi-
lance, integrity, economy, discrimi-
nation, and skill, and that the trusts
of every woman, child, and depend
ent confidcd to its keeping are con-
served with care as jealous as If
they were sacred relics. and that
they are at the same time rendered
~ fruitful in good as they can be by
the most scientific and judicious man.
agement.
The brilliant career Of the Securi-
ty Life reflects great credit on its
President, Robert L. Case, its Vice.
President, Theodore r. Wetmore,
Esq; and its Secretary, Isaac 81. Al
len, Esq. They have reason to be
pr 1ud Of its past and Of its present,
which both afford a reliable pledge
that its future will prove equally
profitable to its insured, and honora-
BILE to its officers and the insurance
fraternity If America.
The company is ably represented
in southern Iowa by our esteemed fell
low citizens Messrs Champion and
White who We are glad to know are
meeting with the success which their
I. ergy and talent deserve.