The Toledo chronicle. [volume] (Toledo, Tama County, Iowa) 1873-1924, 1878-01-24
Reliable assurance.

The following are few of the many reasons
why the U. B. Mutual Aid Society furnishes the
most reliable Life Insurance to be obtained
The U. B. Mutual Aid Society differs from other
Cooperative Companies, in that it has an orderly.
mathematical arrangement running through it,
which must of necessity bring about the same
results from year to year. just automatic
machine must always have the same motion and
produce the same results. The arrangement which
has brought about these desirable results in the
past, and will continue to do in the future are,
| First. In our system Of classification, each class
OF the same denomination in amount of insurance
/ is full and complete ut membership Of one
thousand, or with sufficient number Of old per-
sons (under IS yeats of age) whose mortality as
| sessments will amount TO 81 000
Second In the system of averaging the age of
| a class OF LOCO members so that The average age
| Of each member is between g and &c years. This
is easily and accurately accomplished at the h me
office. where all new applications for membership
are assorted and classed according to the need of
each class, as to its want of members its lack
or excess in the age Of its members thus constant
ly keeping them full and insuring the full pay
ment Of every assessment.
Third. In the prompt payment of the full
amount of insurance and not supposed possible
amount depending on the number Of members in
class at the time of death.
Fourth We pledge the payment of full
| amount of insurance and thereby the keeping full
each class Suppose present forward move
ment should become one of retrogression, and in
stead of new members coming n to fill all yacan-
cies as they occur there should be no new insur-
ance effected. our system has incorporated in it a
sovereign remedy We would then take, say class
number ten and fill up the ranks of the remaining
nine. and down to the last class, land for that
class there is The guarantee capital of One Hun
dred and Sixty Thousand Dollars to wind up with
Fifth. We are thus enabled to wind up within
ourselves (should it become necessary and would
not be compelled to sell out to another company |
the workings of which might be vastly different
from our own. We have the power to keepa c ass |
full and thus keep sacred the guarantee which we |
give each member, that ut his death the amount of |
his insurance shall be forthcoming and p id to his
legal heirs.
Sixth. We have also fifteen per cent on all |
mortality assessments, over and above the neces- |
sary amount collected for each death. This is
intended to meet deficiencies as when class is |
not gu te full, or in of the failure (and conse
quent forfeiture) of member to pay mortality
assessment. This fifteen per cent. il not thus con
sumed whatever is in excess Of such want, is
placed to the credit of the class from which il
accum ulated, and retained until it amounts to
$4,000, then all in excess to this sum is divided
among the members of said class, pro-rata, in
giving them receipted death notices for the next |
dealt that they may occur in said class. This is a
provision which no other company has or can have
because their internal machinery is not arranged |
xvifhout cnnHicfiup with nil avistipy cvsfemo of
insurance.
Much less have the purely co-operatives, in their
ring plan anything of the kind, neither can they |
have, because their ring may be ten thousand |
strong this year, and next year not half that num-
Der. In no two days in all their history of doing |
business, they be alike. All members are |
huddled together. without respect to age. If the
ring gets large. you may get your full amount Of
insurance. If it decreases in numbers or remains
less than your amount you get just that much less
than your insurance Then, the conditions are
made still more uncertain, in that you lose the
amount Of your assessments OF those who
forfeit in CO. operative companies You have thus
a conditional promise-a continued uncertainty
the promise Of insurance without the assurance
Of any given sum of money. We assure--we
guarantee--a certain amount Of money, and have
provisions 80 made in our system Of classifying
that we not fail in securing the full amount Of
tor 49,, 49,. ''ass' anu.' ~
- e''ss iai al 'ne
a.. ans. ~ ".'n 'nese oiasses every
-. - ~ pases - 'ey occur oy new
he class down to about Is years. We are thus
e nabled, sometimes to make class younger than
II was ~ formation Dy substituting younger per
sons 'nah .nose WAC nave o'ed ont were when they
mrs. unlled' mus increasing Inc vigor and safety
q 'ne Glass; ana also' thereby giving strength to
our assurance and guarantee. This arrangement
no ing company can and no purely cooperative