New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-07-10
TNDTSTRTAL LIFE INSURANCE.
MORE THAN A MILLION PoHCIEs-FIvE CENTS 4
WEEK ~ PREMIUM.

MORE THAN A MILLION PoLICIEs-FIyE CENTS
WEEK - PREMIUM.
Tho law of general average has numerous applications
and adaptatons but few of them have been more sue
rossful han the scheme of industrial life insurance
Tbi. system Of insurance. which, briefly Il the collect
ing OF weekly premium III HFe cent ih.ldion's , on
unii,ies for moderate sums-was introduced INTO tms
country less than ten years ago aud probably lew peo-
nile realize how rapidly has developed on what com
handing position II occupies among me insurance sN'-
TENS The fact is that there are poOanlY more INDUS
ria pocics in force than regular life policies, the num-
her II outstanding industrial policies being somewhat
in rKcc,s of one million, while the numbr OF regular
lie nocic- in force falls slightly below this figure.
Industrial life insurance appeals directly To What may
be called in respect 10 wealth the under strata o 7'cl-
civ Ii reaches for the people OF moderate means,
,,rticularly the working classes. by dividing pre-
MUM, INTO iuconsderabe Sums II places the pi0tec-
lou of insurance within reach OF the huinb.est "h
The ranks Of the working classes the woman i not -
cucntv the actual bread winner of the family, and IA
therefore a proper subject for insurance Industrial
;,an,, 4. dtinc almost chyalrous service in behalf
of working women and it l. not improba6le that ultl-
,uot.v iusurirg the lives of women VIII be an OK
tensye feature of old line insurance.
Three companies, two in this city and one in Newark
j. at present control the industrial insurance bust
ness of the I'ntol States. Interesting comparisons
show the vaStness of their constituencies. he mum
h.r of ncopc insured the industrial plan II greater
than the population OF any one OF nineteen oil the
States or if chance should bring them together thoS
would make a community the size Of Ne" York my OF
either of the States of NcwJersey, Wisconsin Alabama
or Mississippi An army of about 2'OOO agents Is III
the field sN DAYS IN every We k. Every popcl ho'der
il visited once a week, that this army OF agents
makes about fifty million calls every year me post,
ace bills of the companies immense, and the mail
matter sent and received daily il enormous IheIe II
no limit to the expansion OF Industrial insurance Yep
the growth of population. Every one thousand citi-
zcps of the Rcpubhc should produce revenue Tor the
industrial companies of from 5000 10 l,OoO annually
That is every human being born in the United states
worth 90 cents 10 to the Industrial companies every
wear In England tins system of insurance Is tuily de
velopcd and most of the working forces oi the Amer
| can companies are Eugli~hmcu As illustrating me
more rapid growth of industrial insurance ON this side
of the Atlantic, It is noteworthy that the leading Amer
can company of this kind has attained in four or five
wears a position that the leading English company AT
/ taincd In twenty five years. Some sentimental ob
roon. have been raised against industrial Insurance.
The most serious charges that il Is used spscula
/ ti,oly and induces mi1ntcide. Those objections are
fully disposed of by the fact that actual experienced
| proves them 10 bc groundless.