Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1871-12-14

from the New York and Massachusetts
reports of..all the Companies doing bust
ness in those States for period of FIVE
years, is shown to be little less than
7per 1000. Experience has demons
strated that in new Companies, the av-
e:age per cent of deaths is much less
than that above stated In 25 new
companies doing busiiness in New York |
in the years 1866 to 1870 inclusive. the
average deaths were only 2 7l-10O per
900, and the average age of the in>
sured was A years.
The maximum rate of mortality is
reached in about nine years, after which
1t remains about the same ON an aver
age.
In this Association certificate lin
tied to $1,000 taken, say at A years of
age, after payment Of the membership
fee, (Which is paid but once would
cost as follows:
Say II deaths S1,2O each ....... 20 ~
Cost of collections, 10 cts. EACH. 90
Total each year. S26 20
The cost of policy in an ordinary
life Company for 81 500 at the age of Al
acithout dividends or profits, would be
ST. 30 difference in favor of our plan
S44 81 per year. A policy +" Nth profts'
promised but seldom realized, would
cost in an ordinary Compa y 500 90
difference in favor of our plan S6605
per year, less promised dividends, which
. too often only prove delusion and a
snare to entrap the unwary.
By the mutual contribution plan the
members pay only the actual cost Of IN
e suranee, and small specified sum to
maintain the organization and keep up
: its expenses. The members make nc
oUer-paynaents as required to do if in
sured in an old line" Company. By
t. the eleventh annual report of the In
surance Superintendent in the State Of
New York, it appears that during elev-
en- years, from 1853 to 1870 inclusive,
there was paid in premiums for life in.
surance 1902 SIT 065 81, while during
the same period there was paid fol
s. death losses, ouly S57 GIL .626 81 over
payment s244 965 439 20
Less than one-ftth of the premiums
being paid for death claims. More than
$500 000 900 paid for premiums would
have been saved to the insured. if the
mutual contribution plan of insurance
had been adopted instead Of the ole
line" plan.
D. 1t is fair to presume that at least one
If half of the above premiums was paio
by western men, and the whole amount
N less agents commissions, is, and undo
is eastern insurance laws, will continue t.
lie BE-. invested in the east for the benefi
Of of eastern Insurance Companies. The
is people have been compelled to pay NOR
than two hundred millions OF dollar
in eleven years for nothing, or else b
deprived of the benefits of life insu
ance.
By the contribution plan the cost c
m insurance is about one.third of tina
Mt charged by ordinary life Companies
K The members pay in small sums an
he thus insurance is brought within tn
i'll reach of all Its plan is simple, easil
C. understood and free from all objection;
lg BILE features.
n' Such is our plan-we believe the pul
lie will appreciate its benefits, and reat
lily perceive its advantages over any OIL
Is er system of life insurance. The cal
ay ital is sufficient to secure the fulfllment
IS, all guarantees, and the stockholders al
SIS, amply responsible for all contracts mac
me by the Association.
in The Association is home institute
de- and, as such, courts investigation al
1st appeals to the people for support.
ae, The question is not whether you c.
teo afford to procure and keep in force
membership certificate but, wheth
'ire you can afford to do without it.
70 Judge and act, that when you sh
have passed to that borne whence
pay traveller returns" yonr family will bl
OF the day in which your prudence a
'me forethought provided for them S,
the protection against want in the time
nrst adversely. Act at one, for you KIN
lose not what day may bring forth.