Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-07-19
+S &4 Main 7 s"s9 'ANZ. H. T'H.Y.L OR

and that is now Condensed from the
Journalist
The writer of the above has said his say
so well that we can add only two brief
thoughts: /. That what he says is appli-
cable to other professions besides that of
the only ones who neglect this vital matter
of life insurance, and so often leave poverty
,, as the sole Inheritance for their families
2. There are some kinds of life policies that
are good enough if You die, but are not
worth much if YOU live. If you want a
policy that covers both contingencies, send
your address and date of birth to the New
York Life for results to the living of poll
cies now maturing after an insurance of
fifteen or twenty years. A
ABoLIsHING MEDICAL EXAMINATIONS
Interview in the Sun with Comptroller Mccall.
1t was stated lately that two English
companies have devised plan to do away
with medical examinations, and at life
insurance banquet in Chicago recently one
OF the speakers said that the next reform
he expected to see was the practical aboli-
ton of the medical examiner On calling
the attention of Comptroller Mccall of the
Equitable, formerly superintendent of in
lance OF this state, to these reports, he
answered: "Of course you can do away
with the medical examiner if you want to
bankrupt your company, but no one except
Chicago man would refer to it as re
form in the business. To those who are
familiar with the history of life insurance,
the American Popular and the Universal
companies furnish all the argument neces-
sary against such scheme.
The two companies referred to had this
advantage, that while they undertook to in
sure impaired lives at a rate supposed to be
adequate, they fixed the amount of premium
from the facts shown by medical examina-
ZION and II &c hi fisJ,lt RI anti
pate what will follow in any other company
that makes no medical investigation at all
Another illustration of the lack of wis
dom In such proposition is found in the
wholesale re-lnsuranceS of one company's
risks by another, without a medical re-
examination: Every company that trans
acted such business has passed into the
hands of receiver. The mortality in
every case was considerably beyond the Ia
BILE rate, and the value of selected lives was
EXHIBITED in marked degree. The pros
pectus of the foreign company that pro-
poses to adopt this scheme, states as one of
its reasons for the action taken, that it
sometimes also happens that without any
special objection to medical examinations, a
busy professional man is unable to spare
from his engrossing work the half hour re-
CURED to call upon the medical officer and
wait his turn for examination If COM
pany is so DESTROYS of obtaining risks that
IL seriously onerS such an excuse Tor It's
abolition Of medical inspections, nothing
that has presented itself for criticism on
this side of the water bears any comparison
to it.
sln any event this society is not anxious
to take up that class of business. We have
rejected every year. for the last three
years or more, quite SOS, 600, 600 of insur-
ance each year, and our business is suffi-
Gent in amount to warrant US in stating
that we will never be justified in waving a
medical examination
1.-The industrial companies that make
a speciality of family insurance, it
is true, do not have each risk
examined, but no insurance is
granted without inspection if the amount
payable on an adult exceeds 500. or in the
case OF an infant, if the premium is more
than 10 cents week. The industrial bust
ness Is, therefore, not to be quoted in justi-
ncatlon OF this new theory.
ut is not to be disputed that if CON-
pany could obtain fair average of all
classes OF people, a medical examination
could be waived, but the conditions of the
business are otherwise Before parlia-
mentary committee many years ago, one of
the best minds among the English actuaries
gave this testimony: I should think the
mode in which lives are selected. as it 10 ad-