New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-05-10
MrLLroNs GoNE-wHEREl

f@'''f
MILLIONS GONE-wHEREf
The New-York Life and Equitable together have lost
nv apse in ten years SOL s5325, the greater part OF
which WAS Tontne Insurance AMI have aided S7.sS9
700 to their Tpntlne pools which aggregate SoOi2ooS
How many millions Of Iad-up Insurance. lost by no"
many thousand families. have gone 10 swell that enor-
nous aggregate Upon many tens OF thousands OF
stdovs and fatherles. children has that "judlcOIs
Ienalty OF forfeiture Ot their pald-up piIfctn pte
imposed What was tue apcunulltoh VI ~i i "i t
sur,us on the SiJl .5J3,l2J OF lapsos "iicl'od I'd
reward the persiseucy or others HOW much pa'u-uP
Insurance would II nave bought NJ. ..,.t.
TIE COMPANIES give information Bht DY hiAy Aiuh
their estimates OF rOntlne results furnished or no
guidance OF their agents IN soliciting ts business we
can get nj the equivalent OF their cacuatOhs II not
The EantabIe for example, authorizes its agents to
estimute that II "A man aged thirty takes AN annual
premium lie policy for $4,000 IN twenty year ton
line elias persl,tce TO tue would be rewarded ny
cash value of s7I2O n the company should nave Tor
twenty years the same expenses hhu htsi est az v -
last ten. d should experience no more imam 90 pc"
OF ITS expected mortality, It would DO able to accountants
Tor HIM his premiums odly %aoo 80 tat nv ~
has To get him S2952, or about ~ per Gem VI tno
whole sum and addition OF ~ per cent 10 ms own
proper earnings out Of tile forfeiture Vi o'"oi Pop
reserve and surplus
FAMILIES DEFRAUDED.
Let ma ace what this means TO those other people
Take ten thousand all at age thirty eAch insu'eu
for $4,000 by annual premium HE pohcios' III
twenty year Tontne class: that would make luS'
800 600 900 OF Insurance 10 start Win Ih' Eq'''"o
e,tnat. IA that each OF these who lived AMI PAID
|
render of his policy Taking the same rae OF & 5
hat tnnt company mas uah 'o' III 90 er
years. snppOsing It's actual LOSSES 10 DC oy In ~
cent OF those expccted-a very @ Kim, 10 the
the compHny-iud grading tie lapses hoc0uIhs W ~,
common experience o companies ~ TO the period wneh
most Hpaes are to expected and the slaleue' ".
tue TOntine companies rs To the peral'ohu9 VI ra
OF business, aud their estimated tesHt ' f,r
the equivalent In twenty years OF O'o9- Yin,
S6ss2O,OoO OF Insurance, Win pZo Gf go "a ol
24pS policies in TO divide up 81 IOv' oo,,O
which 1875 500 would bs The reserves ana SUI 5
properly growing out Of their own ,r,'l,is
d. ~ he fte
frfelfed Inv other peope That $7i33s54 OF tOl
aud surplus ought 10 nav ~ tanse their
families OF those who paid II III anu aau W nFnTnnce
maj ia their iielous penalty" for apsing: tue equiv
alent OF s., 600 apiece OF pad-up Insurance. s,es
familesl Think OF what that means insn aIed them
To protect, WHO look only TO you WIZ i I'm
info being for protection. Isn't thal oiu, ,,1ae
pool Ia right for you to need!essly from
! TO such loss Do you Wish 10 Snaro '"o l'0''
Seventeen millions least Of pAd-up insurance, Oa ~
every hundred million written must oe w & IT, -
lessiy lost to the families OF the multue
iapse over s6s 900 900 10 make good tue estimated
profits which held out TO attract ,har oysr
The Equitable and NewYork lAte WROTE .osetneta iea
Si4O 600 900 last year; Is safe TO say tnt
more than ~ 90 600 900 WAS TOntne or semi lOhne,
and the estimated Tesuu on semi "'o oii'
about 10 per cent less than those on Iuh Aon''ho'
| THE MAGNITUDE OF THE GAME.
Just imagine this business carried forward on his scare
/ year after year until the results OF the ola anu tho
taking OF the new travel side by side In iu Vewi oNor
| slOOO 100000 new business each year, ana over
| s7OOOOOOO OF lapses and over $l7OOO'Ooo yearly VI
pad-ur insurance that Ought to come thereHom' 'aAo
rom the families that need IT, make up the more tnan
a. 400 600 Of prots 10 10 then yearly divided 10 the
nsn,ber. of me pools Where In human history mas SO
| enormOus a cams been attempted or ooncelYeu Anu
the one thing played i9r 1nS fanesi At least
Az 600 600 year. when the game 10 its null On isa