Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1870-06-16
LIE INSURANCE.

Last week we gave anllluStrGted descrlp-
Ition of the ele9an, and substantial b.sur-
auce Building recently completed by the
Northwestern Mutual Life Insurance Com
penv, at Milwaukee This building. almost
Entirely constructed OF imperishable and
hre-proof material, is typical Of the financial
| basis aud structure Of the institution that
is to occupy it, Such q building will stand
long after the last policy holders OF the
~, 600 in force shall have passed away.
The Northwestern has recently adopted
f0l It's premium reserves. (or the amount
necessary to separate and keep invested to
pay the policies whenever they may become
| claims) the legal standard in the state OF
Massachusetts,, viz: The combined erperi-
esce" or "Act,aries" rate Of mortality at four
per cent. interest This Is THE HIGHEST
| STANDARD OF RESERVE KNOWN 70 ANY AMEB1-
CAN COMPANY, and places the Company
upon an impregnable basis of solidity and
security lower reserve, that Is assum-
! ing a higher rate of interest for reserves,
gives temporarily larger apparent surplus
! for dividend.
We feel it our duty to commend this ac-
| ton Of the company In the direction of
security, because there has been growing
| up in this country among life companies a
practice of too low reserve standard, in.
! duced by desire to win business, As q
policy holder, We certainly prefer standard
! Of reserve shall be adopted that will make
the payment of our policy absolutely cer-
tain, rather than have dividends made out
of funds that should be held in reserve.
! II has Away been mystery to us how the
public can be deceived INTO believing there
can be any security either in life or fire in
surance without cost. This new basis of
reserve OF the Northwestern as we under
stand It, makes no difference in the aggre-
gate earnings of the policies. It simply
! distributes those earnings in different
amounts over the life of policy.
1t is the highest evidence OF financial
strength and solidlty, that the Northwest
ern has been able 10 make the change from
five per cent TO a four per cent reserve,
and still has in haT 500, 900 to be divided
| in January, 1871.
The Northwestern has the sanction of the
best authority i'll the country Tor this change
in their financial policy. The Western IN
surdRCe Reuielp, St Louis, endorses 1t:
! But the most commendable feature in the man
agement of this truly sound and vigorous institu.
ton, we gather from circular now before US, ls-
sued by the officers of this Company, in which it is
announced that on the 18th day OF March, 1870,
they adopted as the standard of their reserve, the
! highest rule known to any American company, to-
| wit. The combined experience rate OF mortality,
| at four per cent interest thus placing the North
western on an impregnsble basis OF solidity and
| security.
We congratulate the officers of this company, and
thank them too, for thus taking the initiative, in
this much needed reform. We have long been SAB
isfed hat the New York rule OF reserve, az per
cent ls wrong as basis of ultimate security, and
| in co mon with other Insurance journals, in the
country we have insisted that the higher rule Is the
rule OF absolute safety
The american Builder says:
! We heartily commend this action Of the North
weste II, and think We speak the mind of the ma
ioriiy not only OF It's policy holders, but OF the
mass Of The people.
Tie Chicago AdUaace concludes long
article thus;
! Let all our companies follow the example of the
NORTH western ana we shall never be compelled TO
submit 20 The disgrace which our English friends
sustained il the great "Albert Edward" fasco.
We copy the annexed from the Chicago
Tribune:
| Thppo.cy holders in the Northwestern Mutual
! Lite Insurance company have reason to be abund-
antly satisfied with the wise course pursued by the
officers OF the company during the past year. and
! he prosperity attained in the past and assured in
| the future. The assets amount 10 nearly seven
aud a quarter million dollars, and the company has
adopted 4.per cent reserve, giving al impregna'
he security for the payment OF all policies as they
become claims. This is the highest standard OF re.
serve known to any American company, being
| the legal standard In Massachusetts,, and recon-
mended Ivy the most eminent acuaries. The sur
plus all going to the pohcy,hoIders tthe company
being purely mutual the diminuton OF dividend
| is only apparent the aggregate dividends being
really larger. and the policy.holders, who uuder-
stand the merit. OF the case have the satisfaction
! Of knowing that they are absolutely sate--whlch
should be the leading consideration with insurers.
The Hon. Ehzur Wright, in a recent ar
ticle, thus speaks on this important topic
"But q vast company OF co.insurers, spread over
| a continent ana binding together the present with
future ages should not be content with a bare sut.
hciency OF reserve, IL should Keep barrier OF re-
serve between u aud future insolvency, ever on the
increase and AS mpregnsble as Gibyal'er me
most satisfactory working VII. DO obtained 10y q
| standard OF reserve which Will not only keep the
old business pbeiiy ADORE The necessity o. acquiring
near, but will make il for the interest of new bust
ness to seek the company in preference TO any new
company that can be presented"
The Northeastern entered upon the v Il
1870 with the most hattering prospectsand
with assets at the present date OF 81, $50, 700.
Nothing in the history of the states OF the
northwest LAS 50 nearly paralleled then
material growth as this great financial, sue
cess the Northwestern Mutual Life lnaur-
ance Company.
The VIE both before and after she has
become ms'ron, VIII find PLANTATION BIT
TEES literally pr,ssLt help IN Tune u t'ou-
: bic; and u.Igr nr circumstances or eondl
tou, &c j, prov aerw.se lhan beneficial
During aurslog h may be taken az an inyig
, GRANT, with great advantage huth TO mother
and infant, suj, when mate iual anxiety i
awakened by the failing appetite, ununtura
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