New-York tribune., 1891-01-29
NEW BUSINESS, 1890.
We have received during the year IeJo
rruGREss op THE ASSOCIATION.

ana inst osseI S5 Et1 FSld claims PAID
isoi:.. nSai' u sG5so9o So, . ;a6a6, $3.50 co
995S IS S;5 50 e g
Ioot... eo,i5-,O 900 .50,ioV5 2m,1tGgWG 30 go w
1885 SsyS Ss2SS i5 s3i S9Y 81 81
$3.50 i559 s. S5Ss iS
ooV..lol,Joo,2oo 21l219o 10 % 9'SiSoS5 ~
loJU..l91, ,UUS, iJj 2,95O,I'o ~ -'''-'-o' ''
| COMPARISON.
Tie great success already attained by the Mutual
Reserve Fund Life Association can be estimated WIG"
comparison Is made with tho progress oi te e'SA'
| est life Insurance Companies OF the world
| The Mutual Life OF New-YOrk was orgaihzeu h'
1sAo In 1862 20 years thereafter, 1t had III lofce
upon it, books Si0,05l7O4. The New-iorR LHe' oI-
gnnlzed in 1-I2, had Insurance III force ~ years
| after u the amount OF s22,3O2,4oi. Ihe Hq"0
Life Organized in 1853, had in force ten years t"eIo
t, Insurance to the amount OF SIP 55s BIB, max
ioc grand total of insurance in force OF these tiee
great companies OF the world q OF them at the eu u
20 years twice the time In which the Mutual hesei'o
has been in operation and OF them 10 years OF the
somo tme and the aggregate total business III looc Vi
| these three life insurance companies was puo
sl7I912351 while from the above reports IL VIII oo
soon that the Mutual Reserve Fund Life Ass0catOh az
the end Of its 10th year. has in force $l9' ,ood,too
MORTALITY
The only Life Insurance Company that has been
transacting business for upward OF one-lai Il century
that has furnished to the world statement sno"no 10
yearly death losses for each II 600 In force Is the e"
York Life which organized IN lo42'
An examination OF this official report shows that the
mortality of the New-York Life. in its 7th and loh
o.r ~ it, existence was greater than in any other
wear since il, organization, being Sl6 thousand lor
those two years while its average death losses LOT tc
last 10 years has been but $40 30 per tousau' anu
,,r 1..9 il, death losses but SlO 10 for each
sl 900 Of insurance exposed. IL Is ilr 10 aesumc
at the percentage of deaths which have occurred In
mani lp. .DO
years will De fair guide to what Will be the dea
LOSSES OF similar organizations for similar period OF
time.
An examination Of the mortality OF all the Life
Insurance Companies transactns business III the State
Of New-l ora, as per their Official reports u inc III
,urance Department since l7j0 covering peilod ol
no, than thirty years been but $40 81 per anium
for each ~ 900 insurance exposed and the mortality
for the same period the three great life Insurance
conpanes of the world has averaged In the Mutual
Life but fI2 - per II 900 OF Insurance per ahnum
in the Ncw-York Life Sll 30 per annuIn, ana III the
Equitable Life but Sll Oi per annum for cach slooo
Insurance exposed.
In order 10 more fully illustrate the advantages
offered to tho members Of the Mutual Reserve Fund
Life Association. herewith present the record Tor
the last year Tor the three greatest life Insurance conn.,
pauics in the world compared with that OF the
Mutual Reserve Fund Life Association, and also IN
cudins the same Items covering the transactions OF all
|
Department Of the state Of New-lork
Special attention is called to the difference between
tho income and the outgo for death claims. which Is
certainly significant considering the OF these vari-
Gus companies and the object being primarily for the
protection OF the widow and orphan:
MUTUAL LIFE.
Income s3l1l9olo o2
Death losses paid 1889 1GOi,2lO OO
NEW.YORK LIFE.
Income, 60 90 20 90
Death losses paid 1850 olelO1O w
EQUITABLE LIFE.
Income 1850 $50 1893 2sS =
nea,, loss Maid Isso ............... G76;927 %
ALL NEw.YoRK COMPANIES. OLD SYSTEM:
Incornc 1889 Slll lo+-o'o VI
n,, - r,,a ,s,o ........... % 5ll $50 90
All oID.sYSTEM COMPANIES IN THE UNITED
STATES
Income lsS9........-..... sIoo oy 20 80
Death lo,se, paid, ls~o Syoivr "
MUTUAL RESERVE FUND LIFE Association o.,
-, t.,o ..... .............. - SSS Sio 50
Death lo,.e, paid ls9O.............. -'''o'''' %
To show with what equal regularity the excess OF IN
come over death claims and the close puAl"iN u INC
>pen,es of the old y stem companies H. to the amount
paId I'm death claims TO the widows ana orphah' pre-
sent the following statistics. compiled from thelr own
r, r,norts for the years 1-o7, 1o7o and 1859, Gov
,, th transactions Of all the od-system companies
doing business in the state of New-Nork'
ALL .oLp.sYsrEN COMPANIES IN TIE UNITED
STATES.
Total income. Death claims. Expenses.
1857 1870 G57 52G 49,, 733.-s2 s-5.3o3''3Z
leSS ......... 147,02iil 3To5s'loo ~ -oo 80
1853 .......... l6s.lsi690 S'oiO'.iI ' oo'oo,oS ,,
"a ~ lbs - 09o 39.0iO'2l' 80 --9'o'o
,ro , of ,,e hu,lncss transacted by the old system
companes /, by three organizations that have been III
active N,encc thirty u hfty years therefore inc
t, of Income death losses and expenses OF those com
manic, for each ~ 900 Of insurance in f)rcc a. oompac'
with the income death losses and expenses Of the Mu'
.ua Reserve Fund Life AasodAtlon' VIII bo ih'cIc''">
and Will furnish evidence to the proper management
and th correctness Of the system of the Mutual Reserve
~ comparcd With other institutions transacting business
under the old system.
Furher attention is called to the following additional
statistics:
ALL OLD LINE COMPANIES REPORTING 10 THE
NEw.yoRK INSURANCE DErAKrMLNr
for each slCOO insurance in force)
Income D,atn claims. Expenses
1897 .............. e52 50 Si322 5000
lsss....................-.. % = 10 - 100
is-u ......... 5S IS l. IL IL 20
THE SAME ITEMS MUTUAL RESERVE.
Income D,ath claims. Expenses
1884 ......... &lG OI Sv37 $3.50
49,, l7n 1906 1898
,S,o l1.U lOso AZ
CoMrAnlsoN on EArEN,hs AND DEATH LOSSES.
nArio OF ENPEASES AND DEATH CLAIMS FOX
EACH II, 600 INst RANCE EArOsLD.
Death LOSSES Expenses.
for each $1,000 each $1,000.
Mutual Life 1sS9......"...... fl3 ~ sil 81
Ncw-York Lille, leS9 ......- ~ 10 IL 81
Eoultabla Life. los9.......... 10 - 95l
Mu,ual Reserve. lSyO..-..... 10 % IL
Attention to called the fact that the amount OF money
maid to the Mutual by It's members for each $1,000
~ Insurance has averaged than One-thd income
received by the oldsl stem companies, while the death
claims paid by the Mutual Reserve have been within
fraction a. great as death claims paid by the Old
system companies and the expenses Of the Mutual Reserve
,ut tle "A, a,
expenses Of the ods companies Tor each $1,000 of
insurance exposed and yet had the odsys(em companies
received for carh from the DAT
of their organization, period of nearly hfty
~. - nv