The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1889-08-29
Explanat1 Of the Dividend En-.
doWment Plan
OF The Home Lille Insurance Company OF
New York.

OF The Home Lite Insurance Company OF
New York
The growing popularity of this plan rem
ders desirable simplc and untechnlcal ex
PLANTATION of its workings.
The "Dividend Endowment is not
peculiar KIND OF POLICY, but rather
peculiar way of using profits or dividends
on ORDINARY policies SO as to produce
EXTRAORDINARY results.
Suppose thousand of US take policies in
the company this year on such of the various
| plans as we may prefer. Ordinarily each
one would receive cash dividends to reduce
his payments each year; but in view of ad
| vantages to be gained, we agree with one
another, in this case, to forego dividends for
a certain period, say twenty years-that is,
| the dividends earned on our policies are
allowed to accumulate for that length Of
| time, and then the proceeds are divided
among those of our number who live that
time and pay all the premiums. If any Of
| us die during the time our heirs receive the
| full amount of the policy but have no share
| in this fund from dividends. If any of us
cease paying after three, four or more years
receive paid up policies for such an amount
as the full reserve will purchase (and this is
guaranteed by the laws of the State of New
York; but no dividends. None OF us can
| draw dollar from the fund till the end Of
the period The company acts as trustee
to the fund, allowing compound interest on
it, which is added yearly, and finally at the
| end of the period, the entire accumulation
| is divided among those who have lived and
| paid through the time.
Now let us see how this plan works. In
| the first place the fund is constantly in
creasing dividends are added to dividends,
the compound interest is pilng up, and the
| fund is growing faster and faster, year after
year, till it reaches q large sum at the end
of the period
| In the meantime the number of persons
interested is constantly decreasing; some
drop out and some die--not many at first,
but more and more as time passes and the
insured grow older-so that every year
shows more money in the fund and a less
number of persons to share it.
Now suppose, at the end Of twenty years,
there are five hundred persons left Of the
original thousand. When the division is
made the five hundred will receive all the
dividend that would otherwise have to be
paid to the thousand, with accumulations at
compound interest. The advantages to the
five hundred are Apparent at glance, and
at the same time the plan is eminently just
and equitable to all, for it gives the IN
SURANCE to the representatives of those
who die, and the PROFITS to those who
live, while those who cease paying during
the period are entitled to paid up insurance
for full value, thus doing away with the risk
of forfeiture in case of inability to continue
payment of premiums.
Finally, at the end of the period, each
policy holder is allowed his choice of several
methods Of settlement. He may simply
draw in cash his share of the accumulated
dividends and continue his insurance or,
besides drawing his dividends, he may ter
inmate his policy and draw out its entire
cash value, thus making his insurance prac
tically an endowment--or he need not draw
any cash, but may take the entire value in
paid-up insurance, provided he is then in
good health There are also other options
No man can tell how he will be situated
twenty years hence. He may be greatly in
ueed of money or he may not want money
but want insurance. By this plan he may
have ALL MONEY or ALL INSURANCE
or part of each, as suits him best at the
time. In view of the many changes that
are certain to occur in such a period, and
especially of the tremendous risks of bust
: ness land statistics show that only three out
of hundred business men are permanently
successfully, it is hardly possible to over-esti
mate the Importance of these privileges. ;.
The above is, in outline, the Dividend
Endowment plan Of the Home Life Insur.
anoa Comnanv Of Now YORK r. varias
slightly in its application to different kinds
Of policies. They are considered the best
policies ever offered to the public.
Mr.. S. c. Kellogg, Special Agent, is in
Kenosha writing insurance on this plan
Having investigated the subject to some
extent it has caught us.
DIR O. w. T. Snyder, the Chicago
!Specialist will be at the Grant House, in
} Kenosha Thursday Sep. 9Th from 10 a. m. ),
till p. M. Room IA. Ladies entrance
!, on south side of hotel. If you wish cor
rect diagnosis, an honest opinion and