Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-04-08
THE
Connecticut Mutual
Life Insurance
Company,
OF HARTFORD, CONN,
OF HARTFORD; CONN,

Ot dAhlfOhD, CONN.,
recognizing the possible continuance and
future effect of the causes producing the
recent great changes in the rate of inter-
est on the best securities; and the neces-
slty of basing all life insurance caloula.
tons upon rate certain to be earned
during the possible continuance of poll
cies hereafter to be written, a period of
more than two generations, because of
the impOssibility of changing their basis
in the future as to business then existing
should the assumed rate of interest fail to
be realized; and that in business de-
pendent on future contingencies nothing
is certainly safe that is not certainly more
than apparently safe; in order to pro-
vide absolute safety in the basis of its
business and to have the largest liberty
in the future selection of investments,
,oiD compute the net premiums and reserves
upon future policies on the assumption Of
earning 8 per cent interest on the best long
investments, instead of per- cent, aohach
is non and apaU remain the basis Of bust
ness non eristing.
| AS further basis ii assumes the rate
of mortality shown by the American Elk
perience Table, the entire safety of which,
as an assumption for the future, has
been fully proved.
| Its contracts will thus be more secure
ly based than any now written; and so
long as the actual rate Of interest remains
above the assumed rate, the larger re-
serves invested will give the larger re-
turns of surplus interest.
The new premiums charged for poll
cies, while providing larger reserve for
future safety, will give the advantage of
the company's unrivalled economy in
management being on annual premium
life policies on the average something
less than those heretofore charged.
Its new policies will contain some most
important
NEW FEATURES.
| While most men never get beyond the
need for insurance, nearly all look for
ward to time when others will be no
longer dependent upon them and when
they may wish to have all the remaining
surplus from past labors available for
personal use. Hence they take endow-
ment policies for such periods as they
think will cover the need of insurance,
and payable to themselves afterwards; to
which there are two essential objections:
1st. That IN point of fact they usually
need the insurance after the term of the
policy has expired, but have then become
uninsurable, or can only get new insur-
ance at a much higher premium because
of advanced age; I'd. That the premiums
for endowments are so much higher than
for life policies that men cannot usually
afford by this means to carry as much in
surance as their families need.
In order to give method by which
one can carry the largest possible amount
to protect his family just 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, we offer the following:
The Whole Life Policy at the ordinary
annual premium, or with limited num-
Der of premiums; all surplus credited
upon the policy may be left with the COM
pany to accumulate at such rate of inter
est as may be determined by the Direc-
tors, to be paid with the policy, at its
maturity, to the person entitled thereto.
At the end of each period of 10, Is,
20, 25, 80, 35, etc., years from the
issue of such policy, the parties in inter
est may surrender the same for cash
value as therein agreed, together with
the amount Of the surplus previously
credited and so accumulated.
Or paid-up insurance may then be
taken for such amount as the cash value
and surplus previo usly credited will buy
as single premium.
Should the policy lapse at any inter-
vening year Of the above periods, and
latter 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, less a
small surrender charge, will buy as a
single premium.
! Each policy ,oiN haze attached table of
cash values growing out Of the reSeruc, and
the accumulation Of surplus will be stated each
year.
The accumulated surplus may be used
in case of necessity to pay current pre-
miums.
This gives the greatest amount of in
! suranoe the premiums can buy while in
surance is needed, and also gives their
entire effect as an endowment if insur
ance becomes unnecessary. The longer
the policy runs the greater its value, both
as an insurance and an endowment, and
TX. =.