Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1882-04-11
THE
Connecticut Mutual
Life Insurance
Company,
OF HARTFORD CONN.,,

recognizing the possible continuance ana
future effect of the causes producing the
recent great changes in the rate of inter-
est on the best securities; and the neces-
sity of basing all life insurance calcula-
tons upon rate certain TO be earned dur
ing the possible continuance of policies
hereafter to be written, a period OF more
than two generations, because of the i'm
possibility 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 a business dependent
on future contingencies nothing is certain
ly safe that is not certainly more than APP
parently safe in order to provide absolute
safety in the basis of its business and-to
have the largest liberty in the future selec-
ton of investments, wiN compute the net
preniums and reserves upon future poll
cies on the assumption of earning 3 per
cent interest on the best long Investments.
instead of f per cent, tchich is noac, and
,CiH remain, the basis of business noW e.
listing.
As further basis it assumes the rate of
mortality shown by the American Expert
ence Table. the entire safety of which, as
an assumption for the future, has been
fully proved.
Its contracts will thus be more securely
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 policies.
while providing larger reserve for future
safety, will give the advantage of the
company's unrivalled economy in manage
ment; being on annual premium life pol
icies 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 per-
sonal use. Hence they take endowment
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: LIST, That
in point of fact they usually need the in
surance after the term of the policy has
expired, but have then become uninsur-
able, or can only get new insurance at a
much higher premium because of advanced
age; I'd. That the premiums for endow-
ments are so much higher than for life pol
icies that men cannot usually afford by
this means to carry as much insurance 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 up
on the policy may be left with the COM
pany to accumulate at such rate of inter-
est 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, Is,
20, rs, 30. IS, etc., years from the is
sue of such policy, the parties in interest
may surrender the same for cash value as
therein agreed, together with the amount
OF surplus previously credited and so ac-
cumulated.
Or paid-up insurance may then be taken |
for such amount as the cash value and sur |
plus previously credited will buy as sin.
gle premium.
Should the policy lapse at any interven-
ing year of the above periods, and after
three premiums have been paid, paid-up
insurance will be given. on surrender of
0AA~ P"i'Ns "NSoiuiuS " It's lcTulS, lot Sucn |
amount as the reserve and surplus prev
iously credited. less small surrender
charged. will buy as single premium.
Each policy aoiU hare attached a table of
cash ra1ues growing ont of the reserve,
and the accumulation of surplus wiU be
stated each year.
The accumulated surplus may be used |
in case of necessity to pay cul rent pre-
miums.
This gives the greatest amount of in
surance the premiums can buy while in
surance is needed. and also gives their en-
tire effect as an endowment if insurance
becomes unnecessary. The longer the
policy runs the greater its value. both as
an insurance and an endowment, and the
higher reserve required By the assumption
OF per cent. interest makes the policy
Just so much the more rdluable ns m, on