Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-08-16
INSURANCE,
NE WHO DOES a CROOKED 6USl.
NESS COMES TO GRIEF.
Honey Invested in a Policy Yields More
Profit than When Deposited in
savings Bank.


r-r4er the above heading the Indicator
par.a line ago published a good article on
49,. INFECT of IapseS and the causes leading
-. q. a degree of dissatisfaction that
t.-rr,-ad policy holders 10 lapse their pol
- or surrender them at loss
i...,re the completion of the stipu-
-. number Of payments named IN
t,.tr contract. When it is remembered
49, very little IS known Of the practical
yr.rsil.q g = life insurance company. OF
- 2; premium is constructed and the
Ir..r-- By which a policy becomes more
t,...5.e each year il increases in age, the
wonder is that there are not more lapses
End -.rreuders yearly Than are shown by
t,as.mMisSiuuer's report.
IL. believe with the Indicator. il win be
f..as inevitably true that the man who at
'.rrg.- ~ sell goods through misrepresentd-
f..r..ud actual falSehoOd viii ultimately
1..r... 20 grief The same proposition holds
eg.a.l good whether applied to assessments
IN a- regular life Insurance. 1t viii not
D.. .l 'ue end.
+. IS rue hat Of the large body of agents
VII. represent On. life companies an over
....uug majority thereof are men Of
l-.r ,ho would scolu TO resort 10 lies or
I-..f.le 60 get business, but il is equally
r.,-tla' there are others, more especially
s,-tp ranks Of Suba"cutS, and among the
r.g.-lfuE -prCials who are addicted to
s.... .- that are dark and tricks that sire
1... .f. vain iu order 10 make bic showing
-u. -ar present. leaving the future, with
..r.puf complaints and inevitable lapses,
.aar care OF itself II viii not do to say
That mis- does mol arise from the agents
misrepresentation Of facts. for the figures
b. rnD Insurance reports bear out the be
la
FI.lH an actual knowledge of the inside
worthless uI the business, We are in a posi-
..a la. H.. l..
t.n5 the same field for 4 long number Of
..aa- show uu.y a moderate percentage of
laU-,- Tine. are men who have unbOuuded
f...U.n the value Of life insurance, and feel
t... q. Iur- not need the additional support
g.. rergg attractions and falacious ar
E...rat- 10 make 1t acceptable. The result,
q. .i' b. expected. IS that they keep the
tu.n.yar= uu the books and are rarely
5r..#.t1 Boy complaints in regard 10 MEM
i.r- TIE. personally secured.
I..r main difficulty arises from the sub
agents. For the most part, such men are
f.H.'ed from an element that is totally IN
I.u...r with The nature of life insurance
.r 'lr outset. Some of them start in on
Ia-5r work with very dim idea of its prin-
tIp.e- themselves, and il not mfrequrntly
happens that The rosy promises made by
itru 20 the insured are not so much due TO
W..i4' misrepresentation as to actual ig-
I.Galae Ou the part Of the agent himself.
q Il. same time there are not Il few who
lake Ip The duties merely is Il temporary
ra' ot OF earning living until something
I,.. ,OugSnIal offers. Business is
Hau I'd. and The greater the amount
the greater the reward. consequently they
resolve 70 get il in some way. even if thev
L.la To- strain the truth q few points in
ORDER ~ succeed. Wen, they do manage to
F"I il aud when the day of redeemng
r.rrs-usu a..y when the first dividend is
declared they are usually out Of reach and
g.' % The business. while the company
'fa r ignorant Of their practices, which il
would not have tolerated, is made to bear
'-0 blame Ii may be that the general
agent may be- able TO smooth matters over
GLH convince the insured that while the
aEru' iIsitird he still has most desirable
contract and induces him to continue it.
'4are w.!I still. remain Il feeling of dissatis-
'.r..uu natural to the man who finds he has
Ural deceived
3, cauuot Ice held that the companies are
entirely b.aurIcss in this matter There
Il ,uu much literature put out that Is falla-
c.-.= and misleading. Too much of com
lr.r sou of results with that of rival COM
7ag."~ no which the fallacy is only appar-
'n. 20 thc insurance expert and not to the
average reader Too nigh q coloring Of es-
'....'es rs 10 probable results based on past
."ts. and which. IN the light Of lower in
forrest rates aud other causes. cannot be
ha'et IN the future. Too much Of
r-''.7m 10 hrra.ding company rs the best,
. b." strongest or the most profitable, when |
}. 'u'u' VI fact an advantage in one direc-
l.nN AaE U' offset in another. aud that there !
j. aut .,t.r choice between any Of them, Ger |
'aaN not enough to hold out is an induce |
Lille insurance can well afford to stand on |
us "'N mrrfi~ There Is no other business |
a." 'H u.iDr WAY IN which az individual. BY |