Eaton weekly Democrat. [volume] (Eaton, Ohio) 1866-1875, 1871-03-30

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Why do these solid and successfufbnsiness
men, who have proved their financial 'skill
and good judgment by practical results, in
vest so largely in life insurance.? Because
experience has taught them its value in
guarding against dangers to which all men
are liabIe-the danger of losing accumulated
wealth by some stroke of misfortune, and the
danger of dying suddenly with affairs SO
conditioned that no other hand can carry
them TO aproftable issue.
But if such men feel and acknowledge the
vast advantages of life insurance, how much
more strongly do these benefits commend
themselves to those of moderate, means, inc
even still more to that large number whose
fortunes are in the future, whose loved ones
are dependent entirely upon the continuance
of the health and life of the head of the
family. = -t1 -. i.sJ: 70 s,yse
Can any insurable man be said to have
provided for his family, who has left them
to the risk OF poverty in the event Of his
Life INSURANCE is a Savings Bank which
secures to every man who avails himself of
its benefeent aid, that he shall leave an in
heritance proportioned to his productive
power, whether he dies tomorrow or lives to
exercise that productive energy for a long
life time. No other Institution does or can
do this. There is no other way in which a
young man starting outin life, can be sure
of leaving his family provided for. at his
death. Of every hundred who attempt to
leave an inheritance from the successes of
business, not five succeed. No man has the
right to expose a tenderly nurtured and
dearly loved family with no protection but
than five in a hundred, nat he will be one
of successful ones. ..E -
Within avery short time avwell-known
gentleman has suddenly died, while in the
midst of full health and apparent success,
by an accident. The gentleman's success
depended upon carrying through certain
matters which he had in hand. His estate is
bankrupt. Thanks to his wise and loving
forethought his widow and children are pro-
Vided for blythe proceeds of his life policies.
Not long since Gen.. B. of our army, calling
upon a friend to get his pay for the coming
month cashed, was invited by that friend to
insure his life. He was in splendid health,
and always needing all his money, he
thought he could not afford it. But, said
his friend, 1 will pay the first premium and
YOU may repay me when convenient. No, he
felt no fear. In three days from
it was too tA1heHs dead and his widow
desutute. - - -
Every one admits the advantages, the
blessings conferred by life insurance, but
they complain that they cannot afford the
expense, and so try SO excuse themselves to
their condolences for what they already
know to be a neglect of duty. But it is not
true of any young man in health and with
the possession of his faculties, who is fit to
have any responsibilities at all, that he can
not insure for something Heannay perhaps
not be able to insure for a large sum, but GER
/ Gainlyihe can for a small one. How few men
of twenty-five there are, who do not spend
for unnecessary luxuries, more than twenty
five CENTS day;Jyetthat amount Will in
sure q man of that age for more than $4,000
in the NORTHWESTERN Mutual LIFE 1EsUR-
LNcR CoMPANY, which is one of the best and
most desirable institutions to be found in
this or any other country. The success oil
this ompan has been truly notable. Its
growth is healthy as we'll as gigantic. Its
policies are not large, but are held by those
7 who need such protection the most, and who
are also the safest and best risks to be assO-
purely mutual company il (which all the
members are artners and all are equally in,
terested in having healthy associates and II
having the. risks well scattered. All these
things are important elements of strength
One of the most vital points about a life in
psufanee company is that Of expenses; Large
Expense undermine a company, but with
small expenses; carefully selected risks, and
large 1nCereSS on investments, the very D6Bl
results are obtained.
The conspicuous economy practiced by tht
managementof the :" Northwestern" is best
shown by "Spectator Life. Chart fol
1874 ,H5whiGRgiv ives 1.-The ratio o f1aetual ex.
penses for thePyear 1870 of Sirty-ni1s life
Companies of the United States. This ratiC
is JoT all toorking expenses of the companies
including death losses, and of the entire
list but threeshave aaslower ratio than thu
Northwestern This table gives the ra
tics thus r-r-, u ~,
Mutual Life of New. York 24.e'
Economical Mutual .y....., ...26.7t
Charter Oak 49,. $500. ..26.9!
Northwestern -..-..27.S
Being a Western company they are abb,
safely to lend money on strong security a
ten per cent. interest, while they keep a re
serve calculated at four per cent. interest. A
sum of money invested for 5oyears at ten pc
cent. compound interest will yield NOR,
than six times the amount it would produce
at six per cent, and nearly five times o.
much as at eight per cent. Another essen
tia1 point is that an insurance company shall
be well managed /; and in this respect no bet
ter can be found, and the remarkabl'
growth of the society is doubtless largely
owing to the general confidence felt by thu
people in the managers. 7r
The total amount of losses paid since thu
organization in 1859 to Jan. l, 1871, is 81, 692,
5000, of which $477,0S5.11 were paid dur
ing the year 1870. -
Its total income for 1870 was s., $40, $40. OF
and its interest receipts were $500, 707. SO
During the year it loaned on real estate Sc
curity worth two to five times the amount
loaned, 81 ,400, 900 90, at ten per cent. inter
est. Its assets are nine million dollars
Whatever surplus remains after the expen.
ses and losses of the year are paid, and a suf
fcient amount reserved to meet all future
liabilities, calculated with interest at foul
per cent, is returned to the policy holders
This return of surplus, called the
dividend, is distributed to each member &C.
cording to the amount which he has fur
nished toward making it. This is believed
to be strictly equitable, and is the plar
adopted by most of the oldest and best com.
panies. A note will be taken for a portion o.
the premium, or in other words
the company will loan a portion Of
their assets to their own members, such Ioar
being fully secured by the surrender value
of the policy. This is a very good invest
ment for the company and perfectly safe
and oftentimes it is an advantage to the in.
sured. 1t enables the insurer to obtain 6
larger amount than his cash payment would