The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1868-10-31

he class for women the same above. Any
that found give his her age wrong vii expelled
and the monies paid forfeited TO the Company. Zach
class limited to 5Ooe members Zach persm pays ten
dollars upon becoming member. and dollar and ten
Genus each time . member dies bsonsIng 70 the
class he o .he mag be a nsnbsr Of.
A member Of clAs be assessed to pay for
the death OF member In another class. Each class 10
Independent. having no connection with any other.
70 nLusTaAFE
Hela.s "a" has 5000 male members. and q member
aes. the Company pays over, within sixty days, $500
the vd~w heirs, from the contSibution tuBd ad
vAnced bs the members. and after ve deaths in that
class. members each advance and pay 10 the
Company contribution fees at hrst- Failing 70 send
this sum, they forfeit the Conpsny MI monies paid
and the Company permits = member All the place
Of tho retiring one.
The advantages of this system fees are small
and required be paid At such long ntsrvss that any
Ia his family a competency upon ais
death
Any one desiring 70 become a nsmber send SIS
50 IN check bank draft postal order by express the
expense being paid by the applicant Under circun-
will the Company be responsible for monies sent
but in this way Also the party must forward a9-
pHcaton with n medical ,-rsiscste. setting forth
the physical condition. ard whether IN the opinion Of
the physician, the applicant IL proper person to become
a member Blank forms At application for membership
viii be application. he applicant must pay the
physicians certificate
Each member should endeavor 20 s-cuIe new members
by 70 duanE he benefits imsef No letter win be
tice thai does contain three cent postage stamp
70 prepay pos age.
The application Of this princpe Of Insurance. orisnai-
ed with this Compsny and new and yet l. the basis
III {nan and In fta aftnu if~ra IN
this that purely mutual, and the ent pronts Of
the Insurance retained by the members themselves.
Take for instance the reports Of the wllOns Of
muAfed surplus held by life Insurance compa-
nes and for what purpose and whom does Il rshtful
ly belonxi Moss surely TO the assured.
Says leading commercial paper ''Twsnty-one life
insusAnee companies doing basiness In Massachusetts
ssre i0rtunHts enough ind themselves, during the
last year possession Of dvisible surplus 10 the
amount than and half million Of dollars.
The whole Of this fund made up 81 the overpaynept
Of individual polio the surplus earnings
Of their money held In reserve BY the companies"
This Company In offering this cooperative plan Of In
sursnce al such sccumulations 70 the assured
the very great reduction In the cost Of the insurance
For Instance all the tables and calculate eli ages
between the years Of tan and sixytwo and they ~ill
only average ave 70 thousand twenty-five 70 i've
thousand Thirty deaths In nve thousand Oaghs CO.
the years. which would make the cost Of nBu
rance each member for 600, 81 $8s per year. On
ths Of death send q circular 10 each
member Of his class informing him Of the fsct.
Proofs Of death will be usually required BY
life insurance companies
pcrson insured in GLASS 1--when he between the
years Of 10 Aud 2ways remains in the class which be
originally Joined thus receiving the benefit Of
Who take the place Of those dying thus keeping hn
fees at the original average.
No application viii be accepted unless the money (iees)
accompany the same.
Every persoa Insured shoald become agent Tor be
10 interested procuring members; the menu
beers the dollars for his family NJ his death
The commitsas pays undsr this system, jast ~ many
doars there members, and guarantees thea-
sand members each class. II there only thou
sand members your family would recsys 81 600 whiis
the other hand whsuld cost jon only - per year
there being only ave deaths thousand twenty
ave in I'VE thousand.
Ipebriatss are mot admitted ~ membs-.
psrsos be insured In two classes. For sxanpie
be enters Class A H. which receives msmbeu from N
age Of twenty-five when ne arrives &C twenty siz
years ofaes he enser intc oiAss T. and sflH
tain his bershp in hs Original class and should
there classes of amy kties, he cosi enter
theu all ana the classes being faIl his heirs ~oua
csivs nfty thoushd dollars as hin death.
This system ID but recently nsasursasd. and "a IN.
rush Cor policies beyond precedsut showing concla
lively that the people Appreciate IL &C glance.