Sturgis advertiser. (Sturgis, Dakota [S.D.]) 1887-1???, 1889-01-03
mo MAN KNOWET II
The Hour Hundreds Of Thous s&ds
Of Dollars Paid Annually / "
Life Insurance Companies
Upon Losses Occurring During a
Year In Which Policies
Are Issued.
The Prompt Settlement Of the Policy vi
on the Life Of the Late Theodore
II. van EoySn.
BY the New York Life insurance Company
Issued In July. Died In August. Claim
Paid in septamber-opsn Letter.

Paid In sepsamber-Open letter.
| When approached upon the subject o.
life insurance business men will often ad
init that they know not the day nor houl
when they will be called upon to sur.
render all earthly possessions to loved
ones and claim their eternal inheritance
but few indeed realize how near at hand
that day and hour may BIO until, per.
chance, some young. healthy busy man
is snatched from our midst by the death
messenger. The late Theodore Fl. Van
Hoyen, Of the firm OF Van Hoven & 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-
Bcoyer, and yet his action in taking in
Isurance indicates that he realized death
might coms any ime-must come some
Hme-and that he could not delay max
ing a 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
OoToBER 1. 1888.
G.. A. Smith, Esq, General Agent New York Life
Insurance Company.
DEAR SIR 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) in payment
Of your policy No. 28S,578 on the life
of my deceased husband, Theodore II.
Van Hoven. It 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
Hoven applied to your company through
you for $5 900 insurance on your FIVE
year plan ON the 25th 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
ed and your policy issued under date of
August 8, and within the same month
my husband was taken sick and died
with typhoid fever. The necessary pa
pers weresmade out under your snpervis-
ion, without trouble or expense to my
self, and forwarded to the company on
September.22, the delay in signing pa
pers being accustomed by the absence OF
one Of the parties who had to make a
statement. On September IS, 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 yeus 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 diviaendsof so. per cent. of the prem
ium my husband paid you, or one-hali
of his premium returned. We do not
understand this, bat we do appreciate
the great liberality 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 I nowsee the reason why. Yours
respectfully,
[signedl CATHERINE VAN HovEN.
The insurance companies of this coun-
try paid out nearly 81, 000, 900 last year
in just such losses-death occurring the
first yeas. OF the policy. The New York
Fife Insurance company alone paid dur
ing the year 1857 $380,000 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. Snaith, its general agent
writing during the last eight years over
so percent 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
uary 1, 1888:
New York Life. 81, 700 0Ot
Northwestern. $500, O0l
Equitable. $500, OK
Mutual Life. $500, 00l
The following table shows the won,
derkul growth OF the New York Life'f
premium income in this state as com.
pased with other leading companies
(cdd dollars and cents omitted):