Buchanan County bulletin. [volume] (Independence, Iowa) 1869-1891, 1870-04-08

All persons of from fifteen TO sixty years
of age, of sound body and mind, may be-
come members. They are placed in Class
es or Divisions, which IRE determined by
their ages, the kind of membership or the
amount of Benefit to be derived.
The Classes are made up Of those who
join the company singly. The Divisions
are composed Of married men and their
wives who become members jointly.
THE cost Of membership in single Glass
is an "Admission Iec' Of So, an annual
Due Of 81, commencing mih the second
year, and The payment Of sl.lO on the death
q each member If the same class.
The cost in a joint DiDision for man and
rife is an "41dmission Fee u Slj, an an.
mat Due Of So commencing wiM Mcsecond
year, and the payment Of ST. 0 on tie death
ETA member of'Me same Dioision. The So
annual dues and the $l.lO pays for both
man and wife.
On the death Of each of its members tile
Company aciH pay TO The heirs cfMe deceas-
ed, wihtia SIXTY days, as many dollars as
there mere members in tie class or in the Di-
r.siou 10 which such persons belonged.
THE Glasses and tie Divisions are limited
to 5000 members and wheu Once full they
mW be ARRAYS full: for when death occurs
in any Class or Division the first applicant
of suitable age accepted by the Company is
placed in that Glass or Division, thereby
insuring to each member the sum Of $1,000,
at death.
The cost OF membership in full class or
division will, of course, deIend upon the
number of deaths in five thousand selected
lives, and according to the report of the
Hon. VIM. Barnes, Superintendent of the
Insurance Department of the State OF New
York, for the year 1868, the Life Compan-
les doing business in the State that year
lost less than THIRTY One members out Of
ecoy 1000 insured. And if we take his re-
ports for the last three years we find on ex-
animation that while there were but G,249
deaths in all the companies there were 49,,
4G5 policies surrendered or dropped on &C.
count of the parties insured being unable to
pay the very large premiums demanded by
the companies.
On examining the reports Of Mr.. Barnes
for the years 1864, 1865, 1866 and 1867,
we find that the average amount insured in
each Policy was 81, 800, and that each per.
son insured paid on an average $lO9.l9.
The losses Cor that time would have all
been paid if each of the insured had paid
but $2l.05 on his Policy, thereby leaving in
his own hands the difference between $lo9.
10 and S2005, which is SSH.
This shows that more Than fire times as
much money is collected from Policy hold
crs in the Life Companies as is nee cssary
to pay all their losses.
The originators of the "Connecticut Mu-
tual Benefit" knowing these facts and be-
lieving that an institution avoiding these
excessive burdens; one more fully adapted
to American wants and necessities, and one
that should be within the reach of all, have
attempted to supply this great need.
The officers of this Company are men of
high social positions, and of the very best
reputa ion for honor and integrity, and we
do not hesitate to recommend it to our read
ers as one well worthy of their confidence.
Messrs. Cole, Luther Il Sanford, of this
city, are the General Agents for this part of
the State of Iowa, to whom application for
agencies and further information regarding
the Company should be made, either in per
son or by letter.
GoLD AT PAR.-Goods at the New York
Store cheaper than before the war.
LAwToN & CURrIss.