Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1870-03-16
Life TnRxRrurnce

The public mind has been startled the past
year, by the failure of several English life in
surance companies, aud fears have been ex-
pressed, by some unacquainted with the
facts. that American life insurance companies
would meet similar fate. It ia right that
those who invest money in life policies for
the benefit OF their families should scrutinize
the character Of these companies, and assure
themselves that these policies will be paid at
maturity. The English companies had no
governmental provision requiring them %
Keep reserve fund sufficient to keep their
policies good, or to make q sworn yearly
statement of their condition, and there were
no legal safeguards against sou8ndering
their funds, OF against general mispanage-
ment.
But the best life insurance companies of
this country not only conform to the law re-
quirlng them to keep a reserve fund amply
sufficient to relnsure all outstanding policies.
but they have, at all times, available funds
far In excess Of such reinforcement They
are as safe as human foresight can make
them.
The expedioncy and duty of life insurance
to ALL save the very rich or the very poor, is
not debateable question. The only ques-
ton Is: What company can give l'etidble insu-
rance at the least cost Of the two plans of
insurance-the stock and the mutual-the
best writer's on insurance favor the stock
plan, because the rates are much lower. On
the mutual plan the insured pay a.
Or four years. That is, they lend the COM
pany these dividends three or four years
without interest. But the stock conlpanv
pays this dividendin advance by insuring at
Il cheaper rate. For no safe insurance com
pany can pay dividends to the insured without
charging higher rate than is necessary for
mere insurance purposes.
Then there are the cash and ihe credit sys-
TENS of insurance. None but mutual com
panies do business on the credit or note l1ian
and as the diVidends-if any-are applied to
cancelling these notes-three or four years.
notes, on which interest has to be paid, be-
ing always outstanding, the aggregate
amount of which must be deducted from its
policy at its termnation-the company must
charge, in addition to the notes, nearly as high
rate as the stock companies, or have no
money to pay losses. The no5e system is the
dearest and the most uncertain. The advan-
tages Of the cash plan are: the exact amount
you are to pay and to receive are stated def
nitely; no notes nor interest are to be paid
there are no disappointed expectations; no
deductions for notes when the policy is DUE
low premiums, and certainty that you will get
ALL the insurance you pay for.
AL these advantages are guaranteed by
THE TRAVELLERS INSURANCE COMPANY
OF Hartford, Conn, Of which James G. Bat
ierson is President, and Rodney Dennis, Sec
retary. The rates OF this company are from
30 to 35 per cent lower than most mutual
companies, and were arranged by Elizur
Wng ght-the highest living authority on in
surance-at the lowest rates possible to in
sure with perfect safety. The net cash re-
ceipts, last year, wore S2S7, 1913, and the losses
by death SG3 600.
The TRAVELLERS also transact