Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1871-06-08
The Universal Life Insurance Com
pany. ~.


advertisement of this great Company,
| which is now to be found in our columns,
and remarked that we would this week,
endeavor to say something more particu
lar upon the subject.
Since then we have had personal in
terview with Mr.. SHACKLEFoRD, an hon
orable and intelligentgentleman, General
! Agent of the Universal for the'Southeri
States. And we have learned, further,
that our distinguished fellow citizens,
Gen. M. c. BUTLER and Gen. M. w. GA
RY, have accepted propositions from the
Universal to become its General Agents
for the State of South Carolina. If we
mistake not they. both enter upon their
services in this Company on the LIST of
September next. 1t will thus be seen
that three Edgefeld men of the highest
standing and of undoubted business ca
pacity will be among the representatives
of the Universal in our State-Generals
GARY and BUTLER and Capt. GEO. LAKE.
The Universal Life Insurance Gompa-
ny is conspicuously and favorably known
to the public as the original stock life in
surauce Company Of the United States.
And having successfully demonstrated
the feasibility of great reduction (fully
twenty. five per cent? from the rates of
premium usually charged by Life, insu-
rance companies. the managers of the
Universal nowpropose to add to the popu-
larity of their company by granting to
their policy holders participation in the
profits Of the company in manner which
secures to them share in the pecuniary
advantages hitherto exclusively enjoyed
by the stockholders. This hberality can
not fail to add largely to the business and
popularity of the company, more espe-.
cially as it is dealt out with no niggard
hand, the plan adopted placing policy
holders and stockholders on precisely
similar footing. The company's adver-
tisement briefly explains the manner in
which this is effected.
When it is recoIected that no pecuniary
benefits can accrue to the stockholders
that are. not equally participated in by
the policyholders, the advantages Of the.
new plan become very apparent.
Thus the system inaugurated by the
Universal, and peculiar to that company,
| introduces for the first time into the busi-
ness of life insurance, and in their. full
significance and effectiveness, the impor-
tant elements of the saving influences of
| interested management and the, conser-
vatism and security inseparable from in
vested capital from which an income is
| to be derived.
AS regards the cost of insurance to the
policyholder, it may be stated that the
policy granted by the Universal g@aran-
tees that the cost shall not, in any case,
exceed that which the experience OF the
oldest and best managed mutual compa-
MES, taking into account their periodical
returns of surplus, has developed; while
the plan Of participation explained in the
company's advertisement gives promise
of still further reduction. The relia-
bility of this promise is accurately mea-
sured by the probability that the stock
holders will reap an advantage from the
investment and care of their capital. No
reasonable person can ask more than
that.
AS regards the financial condition of
| the Universal, it is enough to say that its
assets are in proportion to its liabilities
| as 1876 to 100. The company is, therefore,
| in sound and flourishing condition,
fully establishing its claim for public con-
fidence. =
Its Board of Directors comprise num-
ber of professional and business men of
New York, of the highest repute, and of
the purest Democratic record; while its
active managers are gentlemen of the
most extended experience in the business
of Life Insurance, and highly respected
for their ability and personal worth. And
the fact that they now come forward and
voluntarily propose to share with their
policyholders the pecuniary advantages
which their own spirited enterprise,
thorough knowledge of their business,
and able management have won gives
their company the. strongest possible
claim for generous and hearty response
from the insuring public; and we doubt
not but it will be fully accorded.