Sturgis advertiser. (Sturgis, Dakota [S.D.]) 1887-1???, 1888-12-27

Upon Losses Occurring During the
Yesr in Which Policies
Are Issued.
Tnc Prompt settlement Of the Policy Up
on the Life Of the Late Theodore
e. Van Hoyen.
By the Nev York Life Insurance Company
Issued in July, Died In August Claim
Paid in september-.open Letter.


Issued in July, Died In August. Claim
Paid in September Open Letter.
When approached Upon the subject Of
life insurance business aen will often adj
init that they know NOT theday nor hour
when they will be called upon to sur
render ali earthly possessions to loved
ones aud claim their eternal inheritance,
but few indeed realize how near at hand
that day and hour may be until, per-
chance, some young. healthy busy man
is snatched from our midst by the death
messenger The late Theodore II. Van
Hoyen, of the firm Of Van Hovsn & Co.,
live stock commission merchants OF this
city, little thought when 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 re-
cover, and yet his action in taking in
surance indicates that he realized death
might come any time must come some
time and that he could not delay MAX
ing provision SO wise and important to
his family. Had he delayed SO doing
few days even his estate would have been
poorer by $4,000. The following open
letter gives the facts in regard to his in
suranco with the New York Life taken
through General Agent Gilbert A. Smith:
OCTOBER 1, 1883.
G.. A. Smith, Esq, General Agent New York Life
Insurance Company.
DEAR SIR:-I beg to acknowledge re-
ceipt Of your company's check on Chem
ical National bank of New York for five
Thousand and seventy three dollars and
twenty five cents( Sc, 073.25 J in payment
of your policy No. 2S8,578 on the life.
of my deceased husband, Theodore I'll.
Van Hoven. Its 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
Hoven applied to your company through
you for $4,000 insurance on your five
year plan on the 25th of last July, when
in sound health and every reason to be-
lieye he would live to reap the benefits Of
the insurance himself at the maturity Of
the policy. The application was accept
ed 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
pers were made out under your superyis-
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 %, 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 your check is for $73.25 more
than the face of the 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 iberality and fair dealing of
the company, 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 in this state,
and / now see the reason why. Yours
respectfully,
fSigned CATHERINE VAN HoyEN.-
The insurance companies Of this coun-
try paid out nearly 100000 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 $3s0,000 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 general agent
writing during 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 during the eight year ending Jan
nary 1, 1888:
New York Life So, zoe, o0t
Northwestern s. 500 o0t
Equitable. $500, 00t
Mutual Life. S,500,0 0l
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
| Todd dollars and cents omitted:
PREMIUMS RECEIVED IN IOWA.
1887. 1880.
| New York Life ............S1S t,000 S 34.00
| Equitable. .......... ~. $4,000 6f.0o
/ Northwestern. Z. .............. $4,000 1900
| Mutual Observation-Disclosures. 10000 l08,00
While the New York Life has writer
much more business during the pas