The Jackson standard. [volume] (Jackson C.H., Ohio) 1847-1888, 1873-05-15
THE PROTECTION LIFE ms. co
OF CHICAGO, ILL.
Charter Perpetual Capital 100000. 800,
600 Deposited s0ith the State Treas s
arer for Security of Policy
Holders

OFFICERS:
L. p. HilIiard, President; d: r. Harder, Vice
President; J. r. Shipherd, Treasurer; J. c.
Lambrite, Assistant Secretary.
THE BASIS
of this system is that of association in which
payment OF each loss as it occurs, according to
his age, precisely the same as in the old high
that instead of each policy-hoder paying
large sum in advance, he is only req nired to
a small fixed sum for expenses of management.
in doIUdRce. three or four times the actual
amount necessary to pay losses, under the de-
dends (erroniousiy represented as profits), their
own overpayments, after teoo or three gears; but
security, and protect each other.
THE PLAN.
Any person, male or female, between the
ages OF l5 and g. Who can pass p5fsi the re9uired
For a Policy of s2,50O..... One Payment of sl4 90
For Policy of S. O0O~..... One Payment of $40 90
With Additional Payment of one dollar for
medical examination.
EXPENSES OF MANAGEMENT.
Toray the expenses of management, annual
dues will he required on each policy, as follows:
On g 500 Policy Playment OF q 10 ~
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 PAID.
Whenever a death occurs, an Assessment is
| made on the surviving members according to
| age at joining, and the number of members in
| the Company at the time of the death. The as
| sesSmepts for each death will never exceed the
! following amounts;
For those joining between the ages of Is
For old those 1 Joining between the ages Of
For orf those 1Ss joining between the ages of "
For t't those Joining between the ages Of 81
and incluSiV so
For those joining between the ages of Sc
and co, 90
| For those Joining between the ages of 81
and IS, inclusiY 90
| And an additional 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
| ActuaTies' table of Mortality, which has been
generally adopted by American Companies.
| A S the membership increases the number of
| deaths will also increase, but as the proportion
! each Dolicy holder has to pay to each loss, de-
| creases in the same ratio as the membership in
creases beyond the number OF dollars guaran-
CIV holder viii remain about the same.
1t has been shown from the official returns OF
that the average number of deaths is 6.96 per
1000, or "a As In 5000. Thus the cost of provid-
Inc for SIS 000 at death can he closely calculated
AZ the highest estimate (Which we have given
the cost is only "a that of the old-line or high
rate companies. And the payments are SO dis
tributed through the year that people in mod
crate circumstances (who most need insurance.
can easily meet their assessments.
| wears past, who secured to their families S69,-
500 at a cost of s775.95, while the same sum
paid to the high rate companies ME would nave Sc
cured only 7,s60O0, or SOL ,S0SOO less than this
sci New Policies were issued I'm February;
! 059 in March 976 in APril-The largest bust
/ ness ever done by any Life Company on this
Continent in its third year. ILo1, 49,, .oo.,4
For the Counties of scfoto, LAWRENCE, Gallia
Pike. Jackson, Adams, Ross and 6nd "tnton' OF
: | SAHIUEL STEVENSON Agent for Jackson Co.
r, II. Jones, Agent ut Oak Hill,