San Marcos free press. [volume] (San Marcos, Tex.) 1877-1892, 1884-05-22

Have you a debtor Why not insure IN
Iifay You certainly have an insurabi'
interest in Il aud about the only ehane'
YOU have against loss N policy ON nus hi'
Ia your favor. Whether he lives long o.
not. and debtors are apt 10 die soon' aPoho,
ON his life will bo tho best investment So'
can make. 49,. =.
IL YOU want life insurance In any form o.
eourse Won wish 20 select company ina
will give YOU the greatest security, the iars
e,t profit and the most perfect justice and
eouity. You can get all these In tho Equit
allie Life Assurance Society OF tho United
States. This company has larger surplus
oyor liabilities, does larger business, ut q
lower nate OF expense and death loss, ut q
higher rate of earning on its investment
than any company In tho world. These
features give It's policy holders ,ne nrses'
returns upon their investments Inc Iqu,',
able pays It's losses without discount .ne
day proper papers arc received IN its ONCE
no matter what the cause OF DEATH
Most policies are payable sixty or nihe.y
days after receipt Of proofs OF DEATH Inc
Society makes no contest for error or false
hood OF tho applicant, unless II vitiateS the
equity Of tho contract aud Is proven during
tho first three years After that time IL
binds itself 10 contest for no cause whateyer
unless death DO caused by violation OF
terms restricting residence travel and
occupation which are excepted by all COM
panies alike. Other companies contest,
some for suicide some for death arising
from violation Of law, as from duel or
assault upon another, from Incorporate
habits, for false or erroneous statements,
and various other causes.
The Equitable has, and has had for years,
no contests whatever. The application
form Of many insurance companies arc SO
worded as to furnish excuse for legal contest
with heirs Of the assured on grounds Of which
he may have been whoally ignornt or
innocent.
A case may be cited illustrating the great
advantage policy holder in the Equitable
has over one in anyother company.
In 1873 the fire insurance companies now
doing business in the State Of Texas among
many others, had insured citizen Of
Binghamton N. Y. Walter Dwight, for
large amounts, the Eqitable having nearly
three times the amount taken by any other
company. Upon the death of Dwight, very
soon after his insurance was obtained, o
post mortem examination was held by fifteen
physicians who oil signed o report that death
was from natural cause. Whereupon the
Eqitable paid the heirs $50, 600 90 and took
their receipt in full.
The other companies are still fighting the
case in the courts and the heirs will win
perhaps only after continued appeals. These
companies had not o single ground upon
which to contend, except that large
insurance and early death indicated o
fraudulent intent. All the companies now
soliciting the favor Of the people of Texas
are engaged in this business, except the
which paid its loss as soon as the
doctors gave them the certificate of the
cause of death.
Moral-"don't put your head in the lions
In the year 1883 the Equitabledid
$4,000, 900 90, more business, than the
Mutual Life and $4,000, 900 90 more than the
New York Life. In the year 1882 it did in
the State of New York, where all three are
nearly as much as the former
company did in the two years 1881 and 1882,
and $1,000, 900 90 more than the latter
company did in the same two years. In the
same year the Equitable wrote over 20 per
cent of oil the business done for that year
by 20 companies, 40 per cent more than the
Mutual and nearly double that of the New
York Life. Its business in 1883 was about
one fourth of the total amount written by
all the insurance companies in the United
States combined. There are good and
sufficient reasons for this great superiority,
some of which have been mentioned.
Your life insurance is your most import
ant business transaction. In investing in
it, study your interests closely and put
your money where it will do you the most
good. The people of New York understand
life insurance and know the comparative
merits of life insurance companies. If they
give the Equitable the preference SO largely,
they do not do 30 from sentiment but as a
matter of business. and to promote their
own advantage.
The Equitable offers all desirable forms
of life insurance. These may be divided
into Ordinary Life in which premiums are
paid during life, or for o limited term of
years, the policy being payable at death
only; and the Endowment in which prem
iums are paid for limited term of years the
policy being payable OF death or to the
the assured If surviving the term chosen.
With these ordinary and limited payment
Life and Endowment policies may be
the Tontine and Semi Tontine
plans.
A life or an endowment policy has q
surrender value after the third year in.
case the premium is not paid, and premiums
after the first year ore rebated out of
dividends which vary with the profits of the
company. Protection of life value alone is
obtained by O life policy, but both this
protection and a saving for ones self is
attained by the Endowment policy. These
forms of insurance are preferred by those
who wish to insure only, or to insure and
ave together, upon the lowest present rate
If investment. The Tontine feature
applied to Life and Endowment policies
makes various very important changes. 1t
withdraws from them all surrender value,
when premiums are unpaid and all dividends
1ears. The Tontiro method greatly increas-
until the expiration of chosen term of
ng the profits of life or endowment policy
because dividends are compounded by the
company instead of being paid out yearly
% the assured, and these profits together
With those arising from lapsed policies and
on each policy expiring by
leath, are held until the end of the term
md divided among the survivors, the heirs
If deceased policy holders having being paid
he face value of their policies. The Tontine
method increases the risk because it with
lolds surrender value and increases the
original rate of investment because it
eserves all dividends and profits until the
expiration of the Tontine limit.
The Semi Tontine method only differs
rom the Tontine in that it affords the
urrender value, which reduces its profits
bout ten per cent. If one takes an ordi-
lary life or endowment policy he gets it on
he lowest present rate of investment be-
ause he secures q surrender value and
nnual dividends II he combines with it |
he Tontine feature he raises the present |
ate Of investment to secure an ultimate low |