The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1871-04-07

Every one admits the advantages, the |
blessings conferred by life insurance, but |
they complain that they cannot afford the
expense and so try to excuse themselves to
their consciences for what they already know
TO be a neglect of duty. But il is not true of
any young man in health and with the pos
session of his faculties, who is fit to have any
responsibilities at all, that he cannot insure
for something. He may perhaps not be able |
TO insure for large sum, but certainly he |
can for small one. How few men of
twenty five there are who do not spend for |
unnecessary luxuries, more than twenty-five |
cents q day yet that amount will insure a
man of that age for more than 1000 in the |
NoRTHwEsTERN MUTUAL LIFE INSURANCE
COMPANY which is one of the best and most
desirable institutions To be found in this or
any other country. The success of this COM
pany has been truly notable. It's growth is !
healthy as well as gigantic. It's policies are
not large, but are held by those who need
such protection the most and who are also
the safest and best risks to be associated
with. The Northwestern" is purely mu
tual company, in which all the members are
partners and all are equally interested in
having healthy associates and in having the
risks we'll scattered. All these things are
important elements of strength One of the
most vital points about life insurance COM
pany is that Of expenses Large expenses
undermine a company, but with small ex-
penses, carefully selected risks, and large
interest on investments, the very best results
are obtained.
The conspicuous economy practiced by the
management of the " Northwestern" is best
shown by the Spectator Life Chart for
1871" which gives the ratio Of actual ex-
penses for the year 1870 of Sirty-nine life
companies of the United States. The ratio
is for all 0orking expenses of the companies,
| L. aoftl I.-t
but three have lower ratio than the
Northwestern" This table gives the ratios
| thus:
Mutual Life of New York...................24.67
Economical Mutual. rs
Charter Oak
Northwestern.
Being Western company, they are able
! safely to lend money on strong security at
ten per cent. interest, while they keep a re-
serve calculated at four per cent. interest.
| A sum of money invested for SO years at ten
per cent compound interest will yield more
than six times the amount it world produce
at six per cent, and nearly five times as
much as at eight per cent. Another essen
! tial point is that an insurance company shall
be well managed and in this respect no
better can be found and the remarkable
growth of the society is doubtless largely
owing to the general confidence felt by the
| people IN the managers.
The total amount of losses paid since the
| organization in 1859 to Jan. ! 1871, is
81 ,692, $500, of which SAT- ,O5S.l1 was paid
during the year 1870.
It's total income for 1870 was S3,670,370.07,
! and its interest receipts were 1850, 1873.
During the year it loaned on real estate Sc
curity worth two to five times the amount
loaned 81 400 100000, at ten per cent. interest.
It's assets are nine million dollars. What
| oft ba md
losses of the year are paid, and a sufficient
amount reserved to meet all future liabili-
ties, calculated with interest at four per
cent, is returned to the policy holders. This
return of surplus commonly called the
dividend is distributed to each member ac-
cording to the amount which he has fur
nished toward making it. This is elieved
to be strictly equitable, and is the plan
adopted by most of the oldest and best com
panies A note will be taken for portion
of the premium, or in other words, the com
pany will loan a portion of their assets to
their own members, such loan being fully
secured by the surrender value of the policy.
This is a very good investment for TIE COM
pany and perfectly safe, and oftentmes it is
an advantage to the insured 1t enables the
insurer to obtain larger amount than his
cash payment would alone procure, and if he
dies early his family gain by it. If, on the
other hand, he lives long and becomes able
to pay back the loan, supposing that it is not
cancelled by returns of surplus, he can do so.
There are many persons who need large
insurance at the beginning, and for them the
note is an accommodation.
Take it all in all, there is no company
which offers greater advantages than this
Giant of the West, and we advise everybody
to examine carefully its publications, where
all the information is given which can only
be limited at in our present space.