New-York tribune., 1872-12-02

REDUCTION IN THE RATES OF LIFE INSURANCE.
10 me Editor Of The Tribune.
SIR: From the facts set forth by the actu-
ary in the following letter, which have been carefully
considered by tho Trustees in committee and by the
Board collectively they have decided that the rates Of
premium for in this Company shall be reduced
m conformity with the recommendations OF this letter
soon as tho preparations aro made for The
purpose As many Of the readers OF your paper are in
terested in the subject Of lfo assurance, the letter WILL
II published not only inform them Of the fact OF the
ducton but also explain the which have ed to
the adoption Of this important measure Respectfully
yours f. D WINSTON fieS'ueh''
The Mutual lite Insurance Company Of NcU- York,
lA aud LAG Broddwdy NeC- York. Decr 1871
Fs WINSTON ESQ.,, President ETC., etc.-DEAR SIR; The
Mutual Life Insurance Company mas now been IN opera
ton and the exhibit Of ts affairs, just published DEM
onstraes. In my opinion, It's a6ilty ana urges upon
nssfulsess by diminishing the price Of ts assurance.
The truo mission OF Life Assurance sto give to persons
the oppeTtunity 70 provide support for those whom
sudden death cay rfuce TO helpless dependence. Tie
PSeSl cPSSs5 o9c pt Il ~ Tor pr axe often paid
from fardysared Ind seanty MEANS and should be the
louest cOnastent with safety. would respect
f ask your early and serious attention 10 the subject
and that you may have the matter fully before you,
AIN with regard the future practice OF the
Company should they meet your approval and become
based on four per cent for money and the mortuary
rates the American table, are retlned and tue alter
aOns arise from change In the percentage addition
for ordinary expenses which Is reduced from 40 10 TO-
The yearly dividends under the new system wil OF
GST5sse %s5se DC greatly '''D''D anu ''' '''' ''.'
That the reversonary credits for these dividends be
gwen heretofore but that no use be made OF them W
n every their present cash value ON the policy
anniycrsary shall amount to more than one annual pre-
yium when excess above premium may be aVaila
bic 10 pay at the expressed wish Of the owner the pre-
miuin then due. -, =. -.
any deAoit that may arise fromany circumstances VIVA"
ever. - - ..-
i That In case OF death theiwhole OF thefreversonay
credit be paid 10 the heirs, as at present . IL,
a. That existing poliey-hoders may have Tue opuoh
either their policies undsturied5 ana pay
old rates. receiving, OF course, their proportional u
denda aud reversi0nary credits or 10 take OUT hsw po
oes with their existing credits added and pay INC new
rates corresponding to their then present age
rOrlfed they subject themselves TO new medical eA
animation, and are pronounced assuraDe. -.
The Company WILL by this most desirable plan, nase
within ia contro large fund 10 when II may Iesor nv
time of trouble should trOuble come 10 ~ Wnie !. M
avoid tho Objectionable measure OF keeping on hH ~
lsrgs undivided surplus In which those WhV ulo
fal 10 have interest, whose precise Faiuo "o"" "
difficult ca ascertain. . 80, ,,t ,.., 49,. ,o ,on-ad
its csy ~ condition OF unriyaled prosperity anu sue
CO.'S n ha, had large experience, and the eopnuny
may properly pec II To use TINS experience w
the of e ASSURANCE so as 10 Dilhg WITHIN tno
range OF a business the poorer classes 10 ovohpo u
~, arvace nancy beyond true price OF assurance
eaiv to be returned al the end 0f II months haIu
ship 10 which, think they ought not 10 pe suoeoeu
NV Ia Ma. WV. II. c. BARILErr. Aetnary.