Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-04-06
NO. 81
TALUABLE FACTS.
The West Ahead in Life Insurance.

The West Ahead In Life Insurance.
The Northwestern Mutual Life Insurance
company of Milwaukee carried polices
amounting to sirteen thousand dollars on
the life of the late Horace Thompson.
Their general agent, Mr.. Myron Brown, has
already received and paid to the executors
drafts to the above amount. Mr.. Thompson
held policies in several other companies, but,
as usual the Northwestern is first to respond.
When we consider the many advantages this
company possesses, it is no wonder that
the masses of our business men carry the
bulk of their insurance in the Northwestern.
BY reference to the latest New York re-
ports (that supreme court of all insurance
dom) we find that the Northwestern is not
only first, in the payment of its claims, but
first in every other essential required to
make company solid.
For example, it cuts no figure what the as
sets of company may be until you have
first taken into account the liabilities, and it
is shown that the Northwestern, of Mil
waukee, as compared with the ten largest
companies, has the largest surplus in pro-
portion to the amount at risk. But import
ant as this fact may be, it would not be con-
elusive, unless the wisdom and economy of
management were such as to maintain this
proportion, and this is really the true secret
of the company's supremacy to-day. For
six consecutive years last past the company
has made the astonishing achievement of
paying all its death losses and all expenses
out of its interest receipts, still leaving the
handsome balance in interest account of
100000. After such a feat, il ceases to
surprise us that it should earn that other
laurel, so much coveted by life companies,
of having paid the largest percentage of div
idends to policy holders. 1t is upon this
logical sequence the company founds its
claim of furnishing cheaper insurance than
any competitor.
Said New York reports not only confirm
the foregoing spoints of record, but add
another star to the crown of the company's
rejoicing by declaring it to have registered
the lowest percentage of mortality in Its in
sured. AS the number of this company's
prizes are told off one after another they
read like the dream of some actuary, but in
the nature of the case some one of all the
companies must reach the highest place, and
since the West has been educated to think it
must, for sound insurance, pay its tribute to
the East, it is quite in order for the West to
take some pride in this Western institution,
and all the more because the Northwestern
has not swerved one jot or title from the
rates of insurance found by actuaries neces-
sary in the experience of this country and
Europe-g10 resort to doubtful methods an
oOzp57lg injustice to old policy holders to the
adUantage Of tie neao, or 0tce 0ersd, but
cAeapenSng insurance to policy holders by
the return Of each gears surplus an di0i-
dendS.
Minnesota is entitled to its share of inter-
est in the company's success, having con-
tributed during the last year alone ever
1928, 900 of its new business, and received
in return of the company's disbursements
over $3,000,000, making it in all essentials
home company.
The official announcements from Milwau-
kee lavish unstinted praise upon the Mime
sofa management, in the hands of Myron
Brown, their general agent, for the splendid
| increase in the Minnesota business.