The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-03-11

THE DIVIDEND DECLARED JAN. l. 80.
In conncctouwith the ANNUAL report OF the Com.
pany II seems proper procut a fow facts and cxpa
nations Ia regard to the Divl1snds AMI Dysblc Sur
plus Of the current year. that t5 poscy holders and
agents u the COMPANY may not only unicrst4nd the
actual of their polcos but be able to form
intel sent with the working Of other IN.
tttutons.
Tn" importance 10 policy holders OF having q fair
ANNUAL CASH DIVtDESD VIII b. ~ once conceded
when We state that on all nayments OF annual pre-.
miums extending over twenty years, INTEREST Al
SIX PER CENr. amounts to more than the To- al pre-
mluins daring that tine. only very small number Of
the companies able 70 ake dividends pou
the practical annual cash pila Of the NEW YORK
LIFE. These oiN1clds due annually on toe date OF
each pocy amer the lsst premium be used rs cash
IN paymcut Of premiums, or tncir reverslonary value
added 10 the original amount insured. Ol
PAID UP POLICIES
the dividends thereafter o. used IN the same man
ncr. the amount OF the policy beng ANNUALLY 10.
ceg.rf th,rcby-or a tue option OF the party can be
received In casn-thus bccnm.as an Aunuuy durng
Me- the original amount OF the policy holding so5d In
the mean time and o"rg payable atidesh. la c5sl VI
endoWment policies at sIch uuc Is tley may mature
Inc poi,y holders OF the Company have a:iin this
year The sa.isiactioa Of knowing that they have
uat awarded to them the bu.t aal largest annual
cash dividend made By any Life Insurance COMPANY IN
the United State.
Every dividend every policy larger th,r any IN
the preceding year. AID this fact coupled with tues
nd psrccn age OF the dylc1d, believe TO be pecu
har 60 tu.s -oud on institution.
~. .-s L..a faE AEatnaas OF an.aAi dyl.
ceais on a the dlcrcut ages well yariJus forms
Of policies oIt t'r illafauons, prcselt the 10 low
me slatemsai,.
DlyIDENDs Of PLAIN LIFE POLICIES.
Taking the AZ OF 30 fl7 example, the CASH divi
tcnls rage from % cent tn rs,t year aut = Per
ee the sec nd - - pr cent Oh "a. older poi.
cics al these are policies On whcl ell tas dIyiicads
nave hlca previously us-d OF dIagn.
TIE 'nrer te'c 'qrivacut - one OF about 10 per
cent ca-h, orsy per rcvgrs1uasy rprtvau. pay
mCuts Of premiums hal al been ulte ~ full AMI
the average percentage Of ths DIV dead Is therefore
equal 70 II no. iarFer nav any annual dvilcnd ever
paid by aug NrR Yola company.
DNlDlNDs on "rCN.YEAG LIFE" POLICIES.
This lust ard nyorte plal o, l. fe H., urance was
originated Dy the New IorS Liie Insurance Company
and the members Of the ConPs1Y wIo adpJtni n may
congratulate themselves upon tue substantial fruon
Of the benencent principle vhrh existed only IN theory
twelve years ago At that date they ere not expected
far less prosei any such dividends have since been
male after the ten paycns were completed on that
cass OF policies The hrst cash dividends thereafter
have ranged from az to over 50 coa cash Of the
policy premium. payable In cash, or added TO poiiees
At the discretion Of Ihc owner
The ten premiums and the diyd .nds thereon having
been pad or ADDED TO Dollco~. tey II share
in the anouai distribution Of til Company and should
ces they viii PROBABLY douole IN size accord
lug to tho AGE attained by the Insured
koTE-Whcn . person OF Middle a-e adds 10 ais les.
tate NJ DEAN" tto0oe tor tue average annual premium
Of from ssl T., 600 per annum zen year. ony aud
thereafter receives annual casn dividend ne makes
an "iny6stnont" thai 10 rarely ECU allied In human al
fairs. The best sctuAro have estimated tae sub
sequeu cash dvidead such pocie. will exceed the
total amount OF cash premiums to the COMPANY by the
me the assured has ssinea his average expectation
ollie" 90 that his outstanding policy will have cost
only IN. interest bs premiums while they rom Aimed
with the Company OF course such results are oHly 20
Ne OBTAINED ~ PURELY MUTUAL company that
works A. aTorsbiy Tor its IN embcrs the New YoEi
LIE.
DIVIDENDS on ESDow MINT POLICIES.
Equally favorable results are shown on these
NOondovmeut policies navins taaturci. we vii on,y
remark that tbo New York Life for sor4e time raid
and IA now raylns. ThE BEST INTEREST or ANY
COMPANY more tam double that OF some companies
on stock ana mixed plans which very prominently
advertised.
Thus proved that. whether person lives or dies
'oy In Ito New York Life 10 good Investment"
with this advantage over all Others that In case OF pre-
yous oeAih the intended savings Of Nltuts ears are
realized az once
Ana by ths fayorite "endowmen plan =" man not only
"insur his lite when Is necessary for the sup
port vi h.s iaIy. but also provides for himself CON.
Detenoe m those year, when health aud strength Iaiu
rally decline
The above eINmpes but STAR sverige Illustration
Of die large aud regular dividend which have teen
made By tho Company; the fundamental pnnc pies Of
our conlriOuton plan OF dividing surplus Aiuns to
every equita ole share IN proportion rs hi.
premiums have contributed theTato.
A PURELY MUTUAL CONCERN like the New
YORK Lie, oan make promises guarantees about
future dIicIds a.. with equal sSili and fidelity of
HanAiIneat. they must depend mainly upon future
rates 81 interest and ,he mortality OF memoers Bot
tho
SOLID STRENGTH AND SECURITY OF TIKI
COMPANY
Is the best guarantee thst can be giveu
An ldeA OF the future may DO formed from the fact
that the necessary reserve or reinsurance fuad IL tu
calculated uppn the old assumption OF future rate OF
interest nj rr cent, Hnd ~ sTdinE net uFsnlup
only Hut n the reinsurance OF The COunauN VA
ATE more ar tees Ia the J.ribe surplus H.uId he
suits; -
,Atlt perc,Ai.s slOs215S o. leaving dyl.blc sur
AZ SpcT sent Is to,eaiei7? leaving diyiiDe srrrln.
- ~ cent tI!l 5ai3. leaving dyl.O!c surplus
Tue tund actually laid asifs BY m. Coinp.uy ls Ot
per cent I1cnu Ni.-!aolt'', aNiuE auN.i.D,t sur
Hul u me future as ~ the past, the Trustees ana
OHl,crs of the Company, nunIfh ~ A' RtiCl trtist
committed o. th'r cnr", via uSdpuhlrd'y ic,Nfng
\. ,llt, Nt' HIll as uc laiAWurNt coAr.I, -ntlpt
", any dni'Nsl be declared ircomra,oe VIA La
<JAMFs 4 rnonrs .....
hEY NuNA larch / i,;L 80 ''''--.