Clarksville weekly chronicle. (Clarksville, Tenn.) 1873-1890, 1879-03-01
Life Insurance.

EDITORS CHRoSICEE-Much has been said
and written for and against the system OF
life insurance, the great majority being ia
favor of 1t until within the last few years
So many Of the companies having become
bankrupt, the confidence of policy holders
has become shaken, and we ind many for
feiting their insurance, Others taking out
paid up policies and otherwise protecting
themselves against possible loss, no one
condemning the system, only the reckless
and extravagant management of the several
companies In which they were insured
So great has this distrust become, that we
find them forming societies for mutual pro-
lection and insurance.
The knights of Pythias, recognizing the
great benefits to be derived from system
that would ensure TO a member the greatest
amount of insurance at the least expense,
and that wouLd place his widow nd o phans
in easy circumstances when he could no
longer provide for them, has adopted what
is known as the Endowment Rank, which
any member IN good physical health not
over fifty years of age may enter; divided
into two classes, that ensures to his widow
or heirs at his death the SUM of $1,000 or
81, 1000, depending on which class he was in,
or the sum OF 50, 900 If he was In both classes.
In the adoption and revision of this plan
the Order has had the benefit of the advice
and experience of old insurance men, who,
aware of the weakness and deficiencies of
the general insurance companies, and who,
having examined into and prohtted by the
experience of societies who have adopted
and are working under similar plan, have
underworld 10 eliminate the evil and present
as nearly perfect a plan as it is possible to
who will take the trouble 10 examine into
the matter
And now a word as to the cost of this
plan. have been member of the Rank
since October, 1877, a period of seventeen
months, holding policies in both classes to
the amount of $1,000; was thirty-nine years
old when insured have paid eighteen calls
which at 81 10 each amounts TO SIC 80, or
sl3 81 per year, or say So So per $1,000 for one
year.
Now compare this with regular life in
surance rates. Take the New York Life,
claiming to be mutual, and perhaps one of
the best and cheapest of the old companies,
the lowest rate given for the age of 80 years
is $50 Is per annum on 81 600: allowing divi-
dend to go 10 the credit of the payments.
will not reduce the average annual premium
When we take into consideration the fact
that the knights of Pythias system has been
through the last yellow fever epidemic, and
that the amounts given above include all
death calls no to the list of March, and hare
been paid in f,SIl, think I am justified in
claiming that we have the cheapest and
safest insurance in the world. That it is
the cheapest the figures given will prove ;
that it is the safest is known by the fact
that we have but two salaried officers, no
paid agents, no expensive buildings for
offices; but expenses reduced to the lowest
possible amount, every member an agent,
and every one personally interested to see
that the widow or heirs receive the amount
due them without rebate of any kind and
without waiting sixty days. would invite
the attention of all persons to this simple,
cheap and effective system ofIife insurance.
LUCULLus.