Sturgis advertiser. (Sturgis, Dakota [S.D.]) 1887-1???, 1888-12-06

| BY tne lew YORK Llf5 insurance company
| Issued In July. DIED n August. Claim
Faid in September oren Letter.
When approached upon the subject OF
| life insurance business men will often ad-
init that they knox not the dry nor hour
| when they will be called upon to stir-
render MI earthly possessions to loved
ones and claim their eternal inheritance,
but few indeed realize how near at hand
that day and hour may be until, per
chance, some young. healthy bnsy man
| is. snatched from our midst by the death
messenger. The late Theodore H. Van
Hoven, Of the firm Of Van Hoven 6 Co,
1 live stock commission merchants OF this
city, little thought Wien making appli
cation for an insurance policy in the lat
ter part of July that within ten days
he would be taken sick never to rec
over, and yet his action in taking in
surance indicates that he realized death
might come any Time must come come
time and that he could not delay MAX
ing provision SO wise and important to
his family. Had he delayed SO doing a
/ few days even his estate would have been
poorer by $4,000 The following open
letter gives the facts in regard to his in
surancc with the New York Life taken
through General Agent Gilbert A. Smith !:
4 OCTOBER /. 1888
q. A. Smith, Esq, General Agent New York Life
4 Insurance Company.
DEAR STR:-I beg to acknowledge re-
ceipt Of your cornpany's check on Chem
ical National bank Of New York for five
thousand and seventy three dollars and
twenty five cents $5,073.25) in payment
of your policy No. 288,578 on the life
of my deceased husband, Theodore H.
Van Hoyen. 1t is due you and the New
York Life, as well as the public, that the
exact circumstances connected with the
settlement be made known. Mr.. Van
Hoyen applied to your company through
you foa $4,000 insurance On your FIVE
year plan on the 18th OF last July, when
in sound health and every reason to be-
lieve he would live to reap the benefits of
the insurance himself at the maturity Of
the policy. The application was accept
and your policy issued under date of
August 3, and within the same month
my husband was taken sick and died
with typhoid fever. The necessary pa
pcrs were made out under your superEis-
ion, without trouble or expense to my
self, and forwarded to the company on
September %, the delay in signing pa
pers being occasioned by the absence of
one of the parties who had to make a
statement. On September 25, just two
months from the day my husband made
application for the policy, the company's
check was drawn and sent me in pay
ment of the claim. Such promptness
and attention on your part and the part
OF the company cannot be too warmly
/ commended.
/ The one thing we do not understand
is why yorr check is for ss73.25 more
than the face Of tho policy. You say it
is dividend Of so per cent Of the prem
ium my husband paid you, or one-half
OF his premium returned. We do not
understand this, but we do appreciate
the great liberality and fair dealing Of
the csmpany, and will take pleasure in
Recommending the New York Life to my
friends and the friends Of my late hus-
band as the company in which to insure.
We learn also that your company has
for many years written the largest in
surance Of any company id this state,
and / now see the reason why. Yours
respectfully,
+ TSignedl CATHERINE VAN HovEN
The insurance companies of this coun-
try paid out nearly 81, 000,0 last year
in just such losses death occurring the
first year OF the policy. The New York
Life Insurance company alone paid dur
ing the year 1887 $3S0,00O as death
policies taken within twelve months prior
to death. This company has for many
years done the largest and most success
full business in Iowa Of all the companies
under Gilbert A. Smith, its generalageut
writing duIing the last eight years over
so per cent more business than any of
its competitors. The following figures
taken from Investigator life chart gives
the facts:
| BY THE -FOUR LEADING COMPANIES.
New insurance written in the state of
Iowa dnring the eight year ending JAN
nary l, 1888:
New York Life So. 700. 0G0
| Northwestern Observation-Disclosures. 5s00,G00
Equitable. sec, 600
Mutual Life ........................ $4,000
The following table shows the won
derful growth Of the New York Life's
premium income in this state as COM
pared with other leading companies
odd dollars and cents on,itted):
PREMIUMS RECEIVED IN IOWA.
1887 1880
New York Life. ............ S1al 900 "a, GG0
| Equitable. .........,. $4,000 $4,000
Northwestern ...........s.. 164 900 5000
Mutual Life. 100000 10S,G00
While the New York Life has written