The Jackson standard. [volume] (Jackson C.H., Ohio) 1847-1888, 1873-05-08
THE PROTECTION LIFE ms. co.
OF CHICA GO. I'LL
Charter Perpetual Capital 100000. $780,
900 Deposited aoitb the State Treas
s- gauer for Security of Policy
E-. s--E- e. sHoLlers-t
THE BASIS

OFFICERS:
L. P. HiIliard, President; D. r. Harder, Vice
President; J. r. Shipherd, Treasurer; ]. c.
Lanbrite, Assistant Secretary.
THE BASIS ,-.-a-
of this system is that of association in which
each member contributes his just share to the
payment of each loss it occurs, according to
rate com with the important ap m @ eXeepFon G
that instead OF each policy-holder paying a
pay his proportion of each loss as it occurs, and
a small fixed sum for exp lnses of management.
in adUance, three or four times the actual
70 o pay under m the de-
dends TREMENDOUSLY represented as profits, their
will keep their own money, furnish their own
security, and protect each other.
THE PLAN.
Any person, male or female, between the
ages of ID and IS, who can pass the required
medical examination, may obtain Insurance
For Policy of s2,5OO.~....One Payment of Sl4 90
For, E3T a P9li5ey OF y, One Payment Of $40 90
medical examina ton. =
EXPENSES OF MANAGEMENT.
To ray the expenses of management, annual
& dues VII 5ad be Geef1nired on each policy solows
On $4,000 Policy............One Payment of $5 90
Annual Dues as above, is all that Is ever paid
by theinsured for the expenses of the Com pary.
DEATH Loss Es-How PAID.
Whenever a death occurs, Assessment is.
made on the surviving members according to
age at joining, and the number of members in
|
sessments for each death will never exceed the
| TO lowing amounts: -s
For those Joining between the ages of Is .
For nose Joining between the agej of 2G:
and 40 inclusive. co
For those Joining between the ages of ii
and so, inclusive ..... 20
For those. Joining between the ages of 81
and 50, inclusive. ...... 1 80
| For those Joining between the ages of sc
and co. inclusive, :. 90
! For those Joining between the ages OF 81
and 65, ....... 3 90
| And an additional amount of ten cents on each
Assessment, to pay for the expense of collecting
| the same. .-....a-
average expectation of life, according to the
Actuaries' table of Mortality, which has been
| generally adopted by American Companies.
! sthe membership increases the number of
| deaths viii also increase, but the proportion
each policy holder has TO pay to each loss, de-
er2ases in the same ratio as the membership in
creases beyond the number of dollars guaran-
teed in each policy, the actual cost to each poli-
cy holder VIII remain about the same.
1t mas been shown from the official returns OF
all the Life Companies ia the United States,
/ that the average number of deaths is B.96 per
1000, or "a 10 in 1000 Thus the cost of provid-
| ing for $4,000 at death can be closely calculated
At the highest estimate (Which we have given)
the cost is only q 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.
But 26 policy-holders died during the two
| years past, who secured to their families SEQ,
668.00 at a cost of S77595, while the same sun
paid to the high rate companies would have Sc
cured only 81, $4,000, S5l SOS.OO less than this
company paid.
S94 New Policies were issued in February
059 in March; ORG In APril-The largest bust
ness ever done by any Lite Company on thi
Continent in Its third year! .. 4.
a. MCFARLAND, Agent
Pike, Jackson, Adams, Ross and XintOn, OF
flee, Portsmouth Scioto Co.. Ohio.