New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-04-03
Connecticut Mutual
Life Insurance
Company,
HARTFORD, CONN.,,
HARTFORD, CONN.,,

HAIL UIEO, OVNNs,
recognizing the possible continuance and future
effect Of the causes producing the recent great
changes in the rate Of interest the best securities
and the necessity Of basing all life insurance cal
citations upon rate certain to be earned during the
possible continuance Of policies hereafter to be
written. a period Of more than two generations be-
cause of the impossbiiy Of changing their basis
in the future as to business then existing should the
assumed rate of interest fail TO be roalizcd and
that in a business dependent on future contingcn-
ces nothing is certainly safe that is not certainly
more than apparently safe; in order TO provide alb
soutc safety il the basis Of its business and to have
the largest liberty in the future selection of inye
mcnt ,riH compute tic net premiums and roserrcs up
on fgturc policies the ASSUMPTION Of earning Per
cent interest on the best long inrcs ment, instead Of
per cent ,rhic nor and ,rU remain the basis Of Lasi
nesq notc eIistiaJ.
As q further basis it assumes the rate Of mortality
shown by the American Experience Table, The en-
tire safety Of which. as an assumption for the fu-
ture has been fully proved
It's contracts viii thus be more securely based
than any now written; md so long as the actual
rate of interest remains above the assumed rate, the
larger reserves invested viii give the larger returns
OF surplus interest.
The new premiums charged for policies, while
/. futu will
give the advantage Of tho conpanys unrivallcd
economy in management; being on annual premium
life policies on the average something less than
those heretofore charged.
Its new policies will contain some mostimpor-
tant
NEW FEATURES.
Wlilemost men never get beyond the ne ed for III
surancc. nearly all look forward TO time when
others will be no longer dependent upon them and
when they may wish to have all The remaining sur
plus from past labors available for personal use.
Hence they take endowment policies for such
periods as they think will cover the need of insur-
ance, and PAYABLE to themselves afterward; TO
which there are two essential objections: LIST,
That in point of fact they usually need the insur
ance after the term of the policy has expired bat
have then become uninsurable, or can only get new
insurance at a mucl higher premium because of adj
vanced age; I'd; That the premiums for endow-
ments are so much higher than for life policies that
men cannot usually afford by this means to carry as
much insurance as their families need
In order to give a method by which one can carry
the largest possible amount to protect his family
lust as long as they may need it and yet make the
payments less the cost Of insurance had, available
at once should the need of insurance cease, offer
the following:
The Whole Life Policy at the ordinary annual
premium or with limited number of premiums;
all surplus credited upon the policy may be left with
the company to accumulate at such rate of interest
as may be determined by the Directors, to be paid
with the policy, at its maturity, to the person
titled thereto.
At the end of each period of 10, 3, 30, 2J. so,
IS, etc. years from the issue of such policy, the
parties in interest surrender the same for cash
value as therein agreed. together with the amount
of the surplus previously credited and so accumu-
lated.
Or paid-up insurance may then be taken for such
amount as the cash value and surplus previously
credited Will buy as a single premium.
Should the policy lapse at any intervening year
Of the above periods and after three premiums have
been paid paid-up insurance will be given on sur
render of the policy according to its terms for such
amount as the reserve and surplus previously
credited lees n small surrender charge, will buy az
q single premium.
Each policy 'cii hare attached table Of cash raues
orotcing out Of the reserrc and the Emulation ofsAr
plus ,ciI be stated each year.
The accumulated surplus may be used in case Of
necessity to pay current premiums.
This gives the greatest amount Of insurance the
premiums can buy While insurance is needed, and
also gives their entire effect as an endowment If in
surance becomes unnecessary The longer the
policy runs the greater ts value, both as an in
surance and an endowment, and the higher reserre
required BY The assumption Of per entintcrest makes
the pocy just 50 much The more raudbe as an eadoac
mcnt.
We believe it. as we intend it to be, the safest,
most valuable, and most liberal contract ever
written.
JACOB L. GREENE, President.
JOIN NJ TAYLOR, Secretary