Nebraska advertiser., 1869-08-12
lcONprUNIcATED.l = a
The Ennitable Life Assurance.


The fundamental principles adopted by
this society, viz: aAll cash" andimmediate
returns TO "Policy Holders have been thor
oughly tested, and. inpracffcA, found TO w0rk
greatly 70 the advantage and satisfaction Of
the Assured = while, At the same time. CIV
ing to the Society g foundation Of financial
security and -permanency. r. w
None OF the funds Of this Society are fnves.
ted I'm any but securities Of the most reliable
character. No pTosafSsOTy notes being re-
celved in payment Of premiums; no portion
OF theS ociety's assets Is held I'm 80 precarious
a form o. security; and the policies written
by the company are paid In full at maturity
without any reduction on account OF such
outstanding notes.
It is proper that persons contemplating the
assurance Of their lives, should be warned
against the faIlacies of what Is known as the
mote system Of "Life Assurance" and that
they be not misled by a casual view Of the
subject into the belief that the same dYanta-
ges are obtained in an Institution conducted
upon the "cTedH system, y which can be de-
rived from an assurance in an all Cash Com
pany.
This mistaken notion Is, fortunately, be-
coming more and more rare, and some ofthe
very Life Assurance Companies which have
boasted most of this system, are beginning
to reduce their business as nearly as possible
to the cash basis; and it is believed that the
time win come when no respectible corpora
ton viii be willing to lend its influence ito a
SgStemv which is productive Of 50 much evil.
It is not necessary to attempt to persuade
intelligent men that an institution having
all ats funds in cash, under its own control.
must be preferable to one which has to look
20 unknown and irresponsible parties, 0he
makers Of premium notes. FOR, a largo pro-
portion Of its nominal assets. O."
All the disbursements which the cOmpa4
mics are obliged to make, whether 1t be BY
death claims or expenses incident to buSl+
ness, must necessarily be made in cash, while
One-half of their premiums are receivable IN
promisory notes. 1t is obvious that as this
course OF business proceeds, the reliable por-
ton of their assets is constantly being dimin-
ished, while the questionable part, (the notes.
is untouched and accommodating.
It is the testimony OF the best Informed i'm
surance experts, who are not bound by per-
sonal interest to the n~otesystem: that, when
o man Is induced TO assure his life, undor the
plea that O considerable proportion Of the
RACAAANAA0 VIII NC ACAAt " nAAA lux Tie pure
pose, unless IL be pretty clear that HIS fnan-
eial position will ultimately admit OF his dis
charging the obligation he incurs, and Of re.
serving the policy for the benefit OF his fami.
ly; the chances are, not only that no good
Will come out Of the transaction, but that the
person so Induced to assure, viii bepositively
injured r.-p
The following are important questions
which should be asked by every person about
to assure, and to which he should get salts
factory answers before placing his name to
an application for a policy, no matter how
strongly urged to- do so: aA&-s-O
When does the company pay to the policy
holder his first dividend of profits?
Is. IL IN the third, fourth, fifth or sixth an
nual settlement Of the premiums, or is it at
the n Of the first gear, as Is the case with
the Equitable?
What proportion Of the profits Of the come
pany, over legal interests, is put into the
pockets of the Stockholders before dividends
are paid to the policy holders?
Is there any stipulation I'm the COmpany's
policy subjecting the p~Olicy-hOlder TO unex-
pected assessments, as Is the case IN every
Note Company; or. is the pOlicy-holder guar
anteed against such assessments, as Is the
case In the Equitable?
The Managers Of Note Companies general
ly contend that no such assessments will be
made, but experience teaches thatit is better
that the contract between the ~policy-hoIder
and the company should be 50 explicit that
such assessments Gun not be made, as in all
cases the notes, by their terms, admit Of as
sessments. and must be so signed by the poll
icy-holder, who thus places himself altogeth.
n. =. EBRIGHF.