The Idaho world. [volume] (Idaho City, Idaho Territory) 1864-1918, 1870-12-08
A LIFE INSURANCE DISAGREEMENT.

a LIFE 4N0UnANCG UkShunGGmGN4.
IDAHO CRY, I. T., Dec s, 1870.
For the benefit of those wishing to make permd-
nent investment herewith publish letter received
by me- on the I'd of this month, from Messrs. Ever
son & Middlemiss of San Francisco CAL, who are
the General Agents" for the New England Mutual
Life Insurance Company of Boston, Mass. think
all those having any interest in Life Insurance will
find the letter. and the figures it contains of parcu
lar interest, the two combined make a very
markable business showing, and give evidence that
Policy holder who may pay Cash Premiums to the
Company for years, and then through misfortune be
unable to pay longer. Imy cash premium is paid for
the present. and ask for paidup policy the Compa-
ny taking the following letter criterion would
offer Policy equal to about the amount they
had received IN cash. from the Policy holder on the
Life Plan"
By their letter Messrs E. & NJ. acknowledge the
receipt from me- within the past years. of the sum
of $549 in currency. and also give credit for the
7th and sth Distributions, amounting to $112 T0,-a
sum total of s66l 7O-for which they have the creek
less generosity TO offer padup Policy of $500
(surely q handsome returnl, and coolly inform me
that my "Ideas of Insurance sadly at variance
with the facts and figures" am free confess that
urss" if as is represented by Messrs. L. & NJ. be-
ieve Is fact patent to all that when there has been
actual cash investment in any legitimate business,
which shall be conducted with honesty and intelli-
gence the party investing may reasonably expect
in return equivalent at least equal to the amount
of the investment, if not with greater less per
centage also. for the use of the capital.
In the case herewith submitted, however, 1t is,
believe fully shown that have invested the sum of
S66l 10. for which offered in return the munif
cent sum of $780, receivable after death! VIII the
Company have the kindness TO show where the Policy
holders real interest exists.
Following the letter referred to- Invested only OF
its superfuous advertising heading. and adding the
necessary grammatical corrections. The itacisng
is strictly according 10 copy
JIG BRYANT
SAX FRAScrsco, [date omitted by theml. 1877.
Mr. j. e. BRYANT. Idaho City-Sir Yours OF the
27th ult. at hand. In response will state that
had determined to have no further correspondence
with you. and had submitted the original OF your let
ter 10 the home office. for their attention.
In the matter OF your full paid-up Policy. we will
say that the calculated by our Acury at the
home office. and il is the best the Company do
for you.
You will please recollect that ysu hold Policy for
$1,000 OH the ordinary Lite Plan. which you paid
your premium-ad mole and DIS cash. When you
mention the amount OF money that yop have paid.
you seem to forget the cost of insurance, far as
your $40 600 Policy is concerned Your total prcmi-
um S274; OF this paid 1853 10 cash and sgl W
Thus you have paid. III the three years. $40
III currency. The interest that you have paid mast
not be considered an increase OF premium. the
premiums payable all cash. aud this loan OF sd
Of the premium. secured by the Policy. granted
you at per cent. interest whereas II you had paid
the full premium in cash this amount loaned you by
the Company would have cost you II per cent lutyr
est. according To the rates this coast. Now. the
cost OF the insurance on your Ten thousand Dollar
Policy has cost The Company according 10 Actuarial
tables before u.s. 60 per cent OF the gross premium
paid on the Policy. Thus. there would be 60 per
cent OF the gross premium returnAhie. follows:
Gross premium for years At sara per year ss22 90
By eth and Sth distributions. ........ -. liz FOL
1894 20
Debtor To 60 per cent total premI.
as cost OF insurance, Sta3 70
To notes Of s9l each,... 373 10
76d %