Clearfield Republican. [volume] (Clearfield, Pa.) 1851-1937, 1873-04-30
From tie Beiiefonts Rspubiican.
CLASSIFICATION or LIFE INSURANCE cos

Mr.. EDITOR ;--lt Is doubtless still fresh In the
minds OF your readers, the effort the Mutual Iife
Insurance Co. Of Now York made near the end Of
tho year. 1872, TO reduce tho rates of insutanec
but had to relinquish for he tims being oniv, on
account of the earnest requests Of all the second
third, fourth and fifth classes Of Mutual Life lpsu
rance companies OF tho United States, who were
under the impression that they would have 10 ouit
business, or at least large number Of them would
have been compelled to have reinsursd their risks
II the Mutual Life Of New York had succeeded in
reducing tho rates rs II proposed, say from Is 10
.5 per cent, and still DO a mutual company, and
declare larger dividends than many Of tho lower
class Of mutual life companies are now doing with
the present high rates charged.
During the time the Mutual Life Of New York
had this reduction Of rates under consideration.
1t was widely discussed among Life Insurance
men, Actuaries, Bankers and all classes of other
hnaneiers, what other Mutual Life Companies
would be able to reduce their rates with the New
York Mutual, and still declare dividends and pro-
tect their policy holders, and there has been n
general concurrence that all Mutual Life Com
panies could have Joined tho Mutual Life Of New
York In reducing their rates where their ratio of
gross expenses to gross receipts did not exceed 2
per centum, and then have surplus to protect
their policy holders, fully osE MILLION or DOLLARS
And 1t Is further concurred by these leading a.
nanciers that such Companies should be presented
to the insuring public as fret cias. Companies.
And we may very justly continue this cassia-
dcation on duo-decmal system, and those other
Mutual Life Companies, whose ratio Of gross ex-
penses to gross receipts arc between ~ and "a
per centum, should rightfully belong to the Sec
ond class companies, and those whose ratios are
found between "a aud SO per centum belong to
third class, and so on at a duo decimal ratio
And according to this system, the undersigned
has thought proper to present TO the insured and
insuring public Of. Beefonte and vicinity, the fol-
lowing classification Of Life Insurance companies,
carefully taken from the official abes from the re-
port Of the Massachusetts Insurance Commissioner
for the year 1872, aud by this classification enable
the polcy-holders Of Centre county to determine
what class Of companies they are insured In also
to direct those about to insure where they ought
to insure. And, Mr.. Editor, as Life Insurance Is
fast becoming an important part Of our Finance,
those official reports should appear In our county
papers often, SO as 10 direct the Life Insurance
Ships to the right port.
Hence we have tho following classification ao-
cordipg to the above rule:
FIRST CLASS COMPANIES.
Mutual Life Insurance Co. Of N Y, Connecti-
cut Mutual, Mutual Benefit of Newark, N. j.,
New England Mutual, Etna of Hartford, New.
York Liio and the Penn Mutual
SECOND CLASS COMPANIES.
Charter Oak, Northwestern Mutual, Manhatton,
hnlckerbocker Equitable Life, Association Of the
U. s., Mass Mutual, Home Life, Proyident Life,
North America, Washington, Security, John Han
cock Mutual, Germainis, New Jersey Mutual and
several others.
THIRD CLASS COMPANIES.
Metropolitan, N. Y, Continental, N. Y, CONT
mental, Hartford, Eclectic, American Popular, As
bury, Brooklyn, Globe Mutual, Government Securi-
ty, Guardian Mutual and several others.
FOURTH GLASS COMPANIES.
Anchor Life, Empire State Hartford Life and
Annuity, Merchants, National Capitol and a few
others
A rule how to find good Life Insurance com
pany Go TO the Office Of any good Life Agent,
and ask him for a copy Of the New York or Mass
achusetts Official Life Insurance Rcport--pay no
attention TO what may be said to you by any one
about any particular company but examine the
official report yourself land be sure that the re-
port Is o6iciaD, and whom you find company
whose ratio Of expense TO income smallest, gross
assets largest and with the largest surplus as re-
CARDS policy holders, ask the agent to obtain
policy for you at once in this company, and When
you invest in such a company you make the best
legitimate investment that can be made in the
United States. CITIZEN.