The Jackson standard. [volume] (Jackson C.H., Ohio) 1847-1888, 1873-05-29
Mutual Contribution Plan of Insurance
at Actual Cost.
Less than One-Third the Usual Expense.
THE PROTECTION LIFE ms. co.
OF CHICAGO, ILL.
Charter Perpetual Capital $200,OOO $780,
600 Deposited s0ith the State Treas
arer for Securityof Policy
Holders
nEETTERG-

OFFICERS:
L. P. HiIliard, President; D. R. Harder Vice
President; j. r. Shipherd, Treasurer; ]. G.
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 as in the old high =
that instead Of each policy holder payiRg e' a
large sum in advance, he is only required to
pay his proportion of each loss as it occurs, and
a small fixed sum for exp 1nSeS of management.
The insured are not required to pay annually,
i1e ddUdl1cc, three or four times the actual
amount necessary to pay losses, under the de-
lusive expectation of receiving back in divi-
dends (erroniousiy represented as profits, their
own oyerpayments, after t10O OF three gears; but
viii keep their own money, furnish their own
security, and protect each other.
THE PLAN.
Any person, male or female, between the
ages OF 10 and 90, who can pass the required
For Policy of g, 2,5oo...., One Payment of ga 90
With Additional Payment of one dollar for
medical examination
EXPENSES OF MANAGEMENT.
To ray the expenses of management, annual
dues will be required on each policy, as follows
On $500 Policy...........".One Payment of 81 90
A single Entrance Fee, and the subsequent
by the insured for the expenses of the Company.
DEATH LossEs-How PAID.
Whenever death occurs, an Assessment is
made on the surviving members according to
d <,
the Company at the time of the death. The as
sessments for each death will never exceed the
following amounts:
For those joining between the ages of 10
and %, rs
For those joining between the ages of 2Gs: -
For those Joining between the ages of ii
and 80, inclusiv 20
For those Joining between the ages of 81
and So, inclusive | so
For those Joining between the ages of 56
and 60, Inclusive. 90
For those joining between the ages of 81
and 10, 90
And an additional amount of ten cents on each
Assessment, to pay for the expense of collecting
the same.
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 American Companies.
4 S the membership increases the number of
deaths will also increase, but as the proportion
each policy holder has to pay to each loss, de-
creases in the same ratio as the membership in
creases beyond the number of dollars guaran-
teed in each policy, the actual cost to each poll
cy holder will remain about the same.
1t has been shown from the official returns of
all the Life Companies i'll the United States,
that the average number of deaths is 698 per
900, 81 As in 5000. Thus the cost of proVid-
ing for $1,000 at death can be closely calculated
At the highest estimate (Which we have given)
the cost is only 16 that of the Old-line or high
rate companies. And the payments are SO dis
trihuted through the year that people in mod
crate circumstances (who most need insurance)
can easily meet their assessments,
But 26 policy-holders died during the two
years past, who secured to their families $69,-
6GS. 90 at cost of ST75a5 while the same sum
paid to the high rate companies would have Sc
s04 New Policies were issued in February;
ness ever done by any Life Company on this
Continent in its third year!
For the Counties of Scioto, Lawrence, Gailia,
Pike, Jackson, Adams, Ross and Vinton. Of
fee, Portsmouth,, Scloto Co., Ohio; ~
r. H. Jones, Agent at oak Hill.