, 1880-05-29
THE REAL AND COUNTERFEIT

What Great Newspaper 1fas to say Of
the ." "AkseMsmcnt Llfe-Insurnnca
Dolusion.
The New York Times, I'll Its regular de-
partlncnt of "AnsWgs to Correspondents"
REPLIES to seeker for Information as fol-
lows:
J; sEErnEEs.-Aro codpcratlve fifo- Insurance II M,
aoe!cties safe q y thc syse os whtc M VII
With regular lIfo-lnsuranoef
d7,stCcr.-,No will make the answer to this
correspondent cover tho inquiries Of several
other subscribers.
II you contemplate dying early, a co6pera-
tive society niay snit you, aud for this reason:
If1,ooo people "coUperate," and agree 10
pay 81 When any one member dies, tho ono
II yuu contemplate OUTLYING, the o99 other
members {lrtl somebody must do sU), cuGper-
alton Is not the system for you. because, II.
TINT casg, having. contributed your dollars
fur the w, 1t would only remain for yUu To
put up yD,lr own dollar nnd-die.
OF course tho 700, being dead, could not
put UP their dullara.
The nssunptlon Is, that, when one member
II new lives co,nu In, and Il all tlle members
pay up-then you lnay got uncertain but cer-
taiMly expensive Insurance..
The difference between cooperative and
regular lfie-lnsn1anco is at once seen:
Lite-inslranee, Us carried On by tie regu,;
lar companies, ii n science, and IL conducted
on Il perfect mud unaasnliahlc systui. by
tl.is system Of PRESERVE funds, lf there lo
the last man dies tl,ete ls reserve Of 81, ,000
There lave i,cs,i lna,,y speculative ltfe.l,,-
surallce computes TINT. iiavc fa!letl-apout
twenty -thrso-since, l!fe-lnsurancc llas been
1fnr1 In f4tia R111nfr1-
Witll1 t,yeMty years, over fre ln71drcd
cooperative life companies hnve failed. They
were, for the most part, ct'1iductcu honestly,
thrivel fGr few years a'el theil ,t coII,apsed'
show that thts end must come to every
cooperative company.
rh0ss who died quickly Il, these societies
made hit; those whU hold Oil wero out of
pocket md minus Insurance.
Ono advantage Of coGperntion In, perhaps.
tl,ut Wilen onu Of these societies expires. there
IL no trouble about dispensing the funds.
They don't hnyo MY funds.
life. Insurance, that one i" las 10 die In order
to Win.''
III eoJperatlon, one l.as not only to "dle to
win," but lio must dis mighty quickly, or
tug society Will get ahead of him.
or ut thv start tilan regular llfe-insuranes.
but, ~ the IuBnbBfB increase In aRB, deaths,
af eourse,, multiply rap!.lly, aud, as y man
grows Qlut1. ult llof6 At Is CallGn upon 10
Jay to keep Up Ills INSURANCE,
Ii, tits respect, the difference between life
in8utatlcn @tId cooperation is thtY:
Ii, Ilfe-lnauralioe c0in1Iany the premiums
leoreasg cAol year; and, If yoil !!ve to be
you have absolutely nothing to pay for your
insurancC. !,
III cooperative soc!cty, your paymcnta III
crease cneli yta.r. mid, II you live to be very
old, tho Immense number Of leaths will
iltlc insurance cost certainly ulIe.ilAlf. n1Nl
perhaps two-thirds, more than III llfs con1-
pnny.
sire 70 get The benefits, IL therefore, clearly
apparent.
Treasurers Of these societies have beon
known to collect one round Ut ST, Gnd Hti
disappear.
Tlic Peoples Widows' Society, Of Chicago,
csino to an end IN this way few weelts
since.
The officers Of these societlcs are not re-
sp0nsiple to any Que, aAd are not ullQer SAte
control.
We think you would find n first-elass life
insurance policy much cheaper and en!nuht-
~ snore satisfactory. You know, In uls Int
te<, just what you must pay; li@ Il co0pora-
tive society, you can never know what the
cost will bo from week to week..
Hut st!l|. II you are slckly, and nobody else
will have you, 90 Into cooperative.
That Ia the way they get "nbw bl0Qd*"