The Jackson standard. [volume] (Jackson C.H., Ohio) 1847-1888, 1873-06-05


L. P. Hillfard, President. ). D. R. Harder, Vice
President; J.. r. Shipherd, Treasurer; ]. C.
Lambrite, Assistant Secretary.
THE BASIS
of this system is that of association in which
each member contributes his just share to the
payment of each loss as it occurs, according to
his age, precisely the same in the old high :
rate compa nies, with the important exception
that instead OF each. policy-holder paying a
large sum in advance, he is only required to
pay his proportion of each loss as it occurs, and
The insured are not required to pay annually,
tgt ddBd91ce.s three on four times the actual
dends ferroniously represented as prohts), their
own overpay yIneIlts, after taoo or three gears but
security, and protect each other.
THE PLAN.
Any person, male or female, between the
ages of 10 and So, who can pass the required
medical examination, may obtain INSURANCE
For a Policy of g one Payment Of S14 90
For Policy of 5,000r.--.One Payment of S20 90
With Additional Payment of one dollar for
medical examination.
EXPENSES OF MANAGEMENr.
To ray the e-expenses of management, annual
dues will be required on each policy, as follows:
On S990 999 Po1Icy i1 Payent OF q M 0O
A single Entrance Fee, and the subsequent
Annual Dues above; is all that is ever paid
by the insured for the expenses of the Company.
DEATH LossEs-How PAID.
Whenever a death occurs, an Assessment is
made on the surviving members according to
the Company at the time of the death. The as
sessments for each death will never exceed the
fo. lowing amounts:
For those joining between the ages of 10
and 25, inclusive rs
For those Joining between the ages of 26s ~
and 40, inclusive .,.,.,...,.... 90
For those Joining between the ages of ii >
and So inclusive 20
For those Joining between the ages of 81
For s those Joining between the ages of S.
and 60, 90
For those joining between the ages of 81
and 60, inclusive 90
And an ditional amount Of ten cents on each
Assessment, to pay for the expense of collecting
These rates of assessments are based upon the
average expectation of life, according to the
Actuaries' table of Mortality, which has been
generally adopted by "A American Companies.
A sthe membership increases the humber of
deaths will also increase, but as the proportion
creases in the same ratio as the membership in
creases beyond the number of dollars guaran-
teedin each policy, the actual cost to each polI-
cy holder win remain about the same. -
1t has been shown frGm the on1cial returns of
all the Life Companies III the United States,
that the average number of deaths is 6.96 per
900, 81 As in 5000. Thus the cost of pFoVld=
At the highest estimate (Which, We have givenl
the cost is only E that of the 0ld=line or high.
rate companies, And the payments are so dis
crate circumstances tWho most need insurance)
can easily meet their assessments.
But 26 pOlicy-hOlderS died during the two
years past, who secured to their families S69,-
66S 90 at a cost of S775.95, while the same sum
paid to & the Aige M G Fate @ M ~ would @ have
seI New Poii9ies We're issued in February;
ness ever done by any Life Company on this
Continent in its third year Go
For the Counties of Seioto, Lawrence, Gaiiia.
Pike, Jackson, Adams, Ross and Vinton. Of
SAMUEL STEVENSON Agent for jackson Co.,
r. II. Jones, Agent at Oak Hill.