The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1868-03-12

Messrs. Editors: The matter Of Life
Insurance Ia at this time being industri-
ously commended to the people of Tip
ton aud its vicinity. For aught I can
say to the contrary this is being done by
a worthy person and in behalf of a wor-
thy company, and am entirely willing
to set it down for verify that such is the
fact. But the plan upon which the ma
jority Of the policies issued by that COM
pany. are paid for and the plan upon
which dividends upon such policies are
ests Of the policy-holder, not the best
plans. The simple issue is, which is the
better way, for the policy -holder to pay
for his insurance half note and half
cash, or all cash? unhesitatingly say
'all cash. is the better way for the
policy holder, and by the better way |
mean the cheaper way. l have proved
my faith by my works and am album
dainty satisfied that the company in
which l am insured and which in q
quiet way (perhaps too much SOY rep
resent as agent, viz: The Mutual Life
Insurance Company of New York, can
and does furnish the cheapest and safest
Life Insurance now offered to this peo-
pie. ... -+t
To condense the interesting and inn
portant subject of Life Insurance within
the limits Of this little squib is manifest
cisely like u squib in its tendency to ex
pansion upon being properly touched.
l am compelled therefore to be content
for the present in stating few facts up
Oh which / can fearlessly recommend
the Mutual Life to public confidence
and patronage. .-. .r E..
The Company is twenty-five years old.
Its assets are SO ,OOO, 900 cash, or con-
vertible into cash if necessary, OH short
notice. Its system of business Is eX-
clusivcly cash. All funds are invested
in land mortgages and in United States
and New York bonds. No premium
notes are taken, and by this means
one-half the yearly earnings of the
company placed in an unavailable shape
except as against the policy holder by
assessment or falling in of the policy.
No assessments upon policy holders are
possible. The Company is strictly nlu-
tual, and there are no stockholders
standing by to share the profits and
laugh in their sleeves as their stock
rises in price from fifty to seventy per
cent. above par. An annual division of
all profits is made among the insured
from the end of the first year of each
policy, and the share Of each policy
holder is applied Oh account of his next
years premium, or in the funding of
additional insurance-so that the policy
holders first premium is the highest
aud his first dividend the lowest, and as
his policy grows older the premium
dividends and the dividend increases
annually until, within one-llalf the ex-
piration of life belonging to those who
commonly insure, the holder has paid
up policy; the wise provision for those
he loves secure and nothing more to pay.
On the other hand, when does tue note
giving policy -holder get done paying
Never. The leech is not more Unsuitable
than the note system.
ana tnls Is Eir rom all, but must suf-
flee for now. | shall be glad to lend a
portion of my time and limited knowl-
edge to any Interested 20 further inves-
tigate the comparative merits of systems
and laws, and to give to such Ms will
examine for themselves documents, facts
and figures that will materially assist
them in so doing. See card next week
..... GEORGE MERRILL.
Upton, March 18th, 1868.
THEINvALUABLE HoTsEIIoID JEW
EI..-We have had in use, from two to
four years, the instrument purchased