Omaha daily bee., 1891-02-08
Level Premium Co. . 5000 SCI 90 sSL3O so2s.5o
Natural Premium Co. so 30 lO.OO a. 20 l6S.OO


Natural Premium Co.. so 30 1000 4I.7O 1890
Balance In favor of Nat Premium Cos Gl5O
Now put the s8 per annum saved In the
natural premium mpany into an investment
e,3mpany for thirty-four years lassum ming that
thc man lives to the end OF his expectancy
anu compounded at per cent interest would
amount nm mt To $3.50 plus his share or percent
nSeoI earnings over and above the per cont
WDlch would swell the amount to ut least o.
w oyN judging from past experience. But the
What 1 nbomt or Ieye Sr RrS9nIm company cries out
1dends did you say1 Well the term Is a mis-
nomer You simply return portion Of the
ICY holders each year. and such return you
term dividend. Yet foryour benefit let IL be
so-callod d iyidendsin thirty.four years ag.
Sregate the sum hcrcin shown I'm favor OF the
Natlonal premium company2 You know that
II would not get to within a respectable dis
tance Of same
Now, referring back to the statement herein
before made, VIZ: That the twenty-s.x level
or old line companies which did business In
Nebraska during 1850. and did collcc, from
their policy holders tho large sum OF S;9s 500
but during the same year paid only si7O.Ii5 TO-
their policy holders, Exception has been
taken as to the correctness of sucha showing
ments of said twenty six old line companies,
upon the ground tnat credit was not given for
the amounts disbursed as dividends. matured
ehuoMments dnd surrender values, and
they would and do go so far as to assume
@ @Ihat Those latter Items were in excess of their
death losses, but so far have not furnished
any authentic statement to prove the wild as
SertiOn.
IN LIFE INSURANCE. RATES"
a work complied by the Spectator comma NJ
New York, page thirty-two, we find an eN-
hiDit NO y; OF payments to policy holders OF
the tortyeniinIe, m G iIn, oid line companes doing bLsi
forth the following paid for:
Death claims.....,............,. al s6S 6Si
Matureu endowments and annutes. tO,GIi,w
Larsed, surrendered and purchased
Dividends to policy holders .......... iIiSSSgS
Total payments to policy holders sso O9l 5oi
Here IL is apparent that the death claims are
largely in excess of total disbursements to
policy holders, but, presume that such paw
ments equal death claims paid then il would
still be true that the premiums collected in
Nebraska in 1889 QS72S.5J0) were more than
twice the amount OF death claims paid such
an amount equaling but S340i5O. Suppose 10
per cent of the income, or s72,S5O, be added for
expenses, still the total disbursements 10 Ne
braska policy holders Of these old line or
level premium companies during 1889 could
the gross income OF S72s 500 showing thnt'
making full al llowance for all classes OF dis
bursements. there were s3l53OO OF unneces-
sary eNacticns and as these facts are arrived
at from their own sworn reports. evidences
the fact herein9e fore stated, that the level
premium or old line com panies did in 1889
and do so continue to collect from Nebraska
policy no ders, u sum annually, largely in ex-
cess OF IA just and equitable amount.
BUT THOSE COMPANIES INFORM
Nebraska citizens that their business in the
state Is new and hencc the necessity to carry
serve M deposit. Now, 10 this is one of = the So very w
factors which the writer and all natural
premium advocates disprove and declare un-
necessary, and in support OF such a position,
take the amount of in nsrrance In force In each
system in 1889 and see wl..ch the public stamps
lowing figures are from The Spectator COM
pilatiOns:
Insurance in force IN natural
premium companies in 1870 .... 49, .025, 142 |
Insurance In force in level premium 49,
companies In 1880 ...;...-'''.'' al3o'72l,o63 |