Herald and news. [volume] (West Randolph, Vt.) 1878-1943, 1889-06-13
Connecticut General Life Insurance
Company.

! Among the leading and most reliable
| insurance companies in this country, the
| Connecticut General Life Insurance COM
pany, whose Office is in the Connecticut
| Mutual Life Insurance company's build
| ing at 29l Main street, occupies an i'm
| portant position. IL was chartered in
| 1850 and has been doing a prosperous
and growing business ON a firm and sub
stantial basis since its inception, and no
institution can show assets of more ster-
ling character and the rates Of assets to
liabilities shows most ample margin
In the hands of men of marked executive
ability and of sterling integrity its busi-
ness is conducted on safe plan. and due
care and diligence is exercised IN looking
after the interests of the policyholders
whose affairs are closely identified with
those of the company.
1t is a patent fact to every business
man that one of the potent factors in life
insurance is the rate of interest received
upon investments. The average rate re-
ceived by life companies in this country
for 1887 was 5.ll per cent, and by this
company 5.5S per cent. The same is
true for the period of five years from
1888 to 1887, the average rate being 5.l6
per cent. while that of the Connecticut
General Life was 5.47 per cent. And as
showing the result of careful selection
of lives in the healthiest portions of this
country Ito which the business of this
company is contined), the Massachusetts
official reports show the average ratio of
death claims to amount insured. for
same period, to be, l.34 per cent. of this
company, Ito per cent. The average
per cent of expenses and taxes to new
business was 5.e3 per cent, of this COM
pdny 4.S4 per cent
And now, as for several years past. the
company shows a larger ratio of assets
to liabilities than any other company
being, by the Connecticut and Massachu-
sets standard, Sl34 to 500. All its
gains, as will be seen, have been along
the lines of healthy growth. and in har-
mony with the purpose to do a safe bus
iness rather than one which is measured
simply by its amount. Ii issues policies
liberal in terms and upon all well tested
and approved forms of life and endow-
ment features. And having paid its loss
es promptly for more than twentv-three
years, and now showing a pecuniarv
strength unexcelled, its managers be-
lieve it offers all that the prudent man
can ask who seeks insurance.
The annual statement of the company
issued January /, 1889, speaks for itself:
Receipts in the year 1888 s 317.573 n
Disbursements Dol .555 Is
ASSETS.
Cash on hand and in the bank 2a.0iO II
Bonds and stock at cost 272. .3ss 30
Mortgage loans l.l72.90 50
Collateral loans 4l79 ~
Real estate owned by company, at
cost 1858 OF
Premium notes policies in force 1906 y
Bills receivable 254 s6
Agents balances l5g 80
Interest due and accrued 81 653 *
Premiums deferred and outstanding
less cost of colleetions) 70 $40 %
Excess of market value Of bonds and
stocks, above cost 1856 10
Assets, January /, 1889 SI.S41.6 $50 rs
Liabilities 1,372,2 ,21S %
Surplus to policy holders, by Con-
necticut and Mass standard S4tn. AZ 81
OF which sos, ,969. y is a special reserve due to
savings endowment policies.
A. l.. Currier is the agent for this and
county.