Morning journal and courier., 1883-02-19
|The New York Life Insurance Company
 Notable and Significant Points.


 This noted and strong company makes a better showing than ever. In it's last report, Eits 3sth, just issued, are various important and significant facts, which speak emphati. Ically in support of the claims of this compa. ny upon those wishing to make wise life in. Isurance provision Some of the points are .as follows:
 A total income of nearly twelve million dollars, and payments to policy holders of over six millions.
 Interest income nearly six per cent. on av- serage net assets for the year, nearly seven Aper cent. on average reserve fund, and over zeight hundred thousand dollars in excess of losses by death.
 Market value of securities nearly two mil lion dollars in excess of their cost due and unpaid interest on same only $129 1000, or Hess than three-tenths of one per cent. Liabilities both actual and contingent, provided for, and divisible surplus for other than Tontine policies of nearly five million dollars on four per cent. reserve.
 Tontine surplus, for policies of this class, over and above four per cent. reserve, over spaid on matured Tontines, and over eleven hundred thousand dollars added to Tontine Fund.
 A large increase, as compared with the pre- vious year, of every item that contributes to and prosperity.
 The New York Life is conservative in the 4best sense, always looking to security and a [steadv business, rather than to sensational plans and methods; yet it has made some notable advances in the matter of iberality and justice to retiring policy holders. In the =payment of claims it has shown disposition sto waive technicalities and to render substan- stial justice, in manner highly creditable. ,ols 4I,a nI Hclause making them void in case of Ssself- destruction, voluntary or involuntary, sane or insane, '' and an inspection of it's policies will show that it claims no release from it's Seontract except where there is very clear 5evidence of purpose to defraud. As an it. illustration of it's prudence in management, we remark that it calculates it's reserve fund on the suppositien that it will be able to re- 'alize only four per cent. interest, and thus keeps this fund much larger than is required by the law Hence no unusual losses, nor pan i'd, nor business depression can so reduce it's surplus as seriously to embarrass the compa- ny.
 One reason for the New York Life's rapid growth is undoubtedly it's popular system of .Tontine Investment Policies. These policies
 mature in ten, fifteen or twenty years from
 date of issue and may then be sold for their full value. continued in force at original pre-
 mium rates, or converted into paid-up insur- lance, as the policy holder may elect. No diyidends being paid until the end of the Tontine period, and then only to living pol sicy-boIders who have kept their policies in force, surplus accumulations are large. These various and substantial advantages outweigh, in the minds of many, the single drawback sof possible forfeiture in case of non pay [ment of premium. The company's ten years Tontines, first issued. matured last year, and .the results were eminently satisfactory to 'fhose interested, as is shown by repeated in the possession of the Icempany. The general agent for Connecti- cut ia Henry ". Baldwin, 119 Broadway, |NeW York city.