Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1882-04-12
Connecticut Mutual
Life Insurance
Company,
OF HARTFORD, CONN.

and future effect of the causes pro-
ducing the recent great changes in the
rate of interest on the best securities ;
and the necessity of basing all life in
surance calculations upon rate certain
to be earned during the possible contin-
uance of policies 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 depending on future con-
tingencies nothing is certainly safe that
is not certainly more than apparently
safe; in order to provide absolute
safety in the basis of its business and
to have the largest liberty in the future
selection of investments, aCW compute
the net premiums and reserues upon
failure policies on the assumption Of
earning 3 per cent interest on the best
long Investments, instead Of 4 per cent,
which is noU and tcW remain the basis
Of business noio existing.
As a further basis it assumes the rate
of mortality shown by the American
Experience Table, the entire safety o.
which, as an assumption for the future,
has been fully proved.
Its contracts will thus be more Sc
curely based than any now written
and so long as the actual rate of inter-
est remains above the assumed rate,
the larger reserves invested will give
the larger returns 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 a 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 obiec-
tions: First, 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 insurance at much higher
premium, because of advanced age
Second, 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 insur-
ance as their families need.
In order to give a 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 or.
binary annual premium, or with a lin.
tied number Of premiums all surplus
credited upon the policy may be left
with the company to accumulate at sucl
rate of interest as may be determined
by the Directors, to be paid with the
policy, at its maturity, to the person
entitled thereto.
AT the end of each period of 10, 10
20, 25, 30, 35, ETC., years from tn,
issue of such policy, the parties in in
terest may surrender the same for ,
cash value as therein agreed, together
with the amount Of the surplus previ
ously credited and so accumulated.
Or paid-up insurance may then b,
taken for such amount as the cash valu,
and surplus previously credited will bu,
as a single premium.
Should the policy lapse at any inter
vening year of the above periods, AM
after three premiums have been paid
! paid-up insurance will be given, on sur
render of the policy according to it
terms, for such amount as the reserv
and surplus previously credited, less
small surrender charge, will buy as
single premium.
Each policy will haze attached a taJl
Of cash ualues grotcing out Of the re
serve, and the accumulation Of smpl,,
acW be stated each gear.
The accumulated surplus may be use
in case of necessity to pay current pre-
miums.
This gives the greatest amount of in
surance the premiums can buy Will
insurance is needed, and also gives thei
entire effect as an endowment if insul
ance becomes unnecessary. The longe
the policy runs the greater its value
both as an insurance and an endowment
and the higher reserve required by n
assumption Of 3 per cent interest MAKE
the policy so much the more ualuable q
an endOUment.
We believe it, as we intend it to b'
the safest, most valuable, and most Ill
eral contract ever written.
| JACOB l.. GREENE, Presiden
JOHN M. TAYLOR, Secretary.
W. G. ABBOT, Asst Secretary.
ID. II. WELLS, Actuary.
A. G.. BROWN,