The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-10-16
NEW THINGS IN INSURANCE.
roU III TAKE CHANCES ON DrfyG
OR LYING. As roU CHOOSE
A Game With . Great Variety OF r,sy-
Differences Betwsen the oia.ims Peney
and the Many Kinds In Vogue Now-Iu.
stances Where II Mans Relatives Are
Anxious to Rnvs u,s r,C. p...-..

N oiueNIhe F0Ney
and the Many Kinds In voras Now-iu.
stances Where IL Mans Relatives Are
Anxious TO Have his Life Preioasss.
IF you pay for something that doesn'tar.
rive until you arc dead you are not IN It."
Tho actuary OF ono Of tho largest INSURANCE.
companies in the world gave the above as tho
reason why oil OF the big companies have been
compelled to adopt all tho now. tangled modes
OF insurance that are now being advertised.
There arc "consols" ard bonds" and IAN
nu!ties" and deferred annuities" and sur.
worship onnuities," and. in fact. almost any
kind OF u game the speculative or provident
mind carc3 to play. The old fashioned In
susance. in which you paid ia as long rs you
lived and some ono else cashed the ticket. has
become so modified here and elaborated there
that 1t is no longer recognizable.
Tho plan that has taught the insurance folk
q big lesson IN human nature is that known
as the survivorship annuity. That game is
most popular with husbands VINO want 10
leave something for their wives. and want Il
TO 60 to them in such shape that 1t cannot b.
got away with in n lump sum by some other
iellow VINO may ZONE around to console the
widows sorrow. 1t 10 Just q little amazing
how many men confidently expect to hnvo
their widows wooed and won. and how many
think tho man who io 10 do the second wooing
and winning will make away with whatever
capital may be attached to the widow. or
course. these sentimental considerations arc
backed up BY practical financial reasons. Fo.
Instance. o man may find that he can spare
SiO.oOO from his business. Perhaps he has
got along far enough in the struggle Of lifo
to think that that Is rs much as. II not
more. than his estate would not aftor
the executors OF his estate had finished with
II. II hc should leave tha: $4,000 to his
WIDOW. oho would be lucky II slie could invest
it and got four per cont. net for II. Then that
other man nigh. coma along nnd get away
with it. SO he invests it in a survivorship an
nuitv. and his widow would get. say II sho
were about 40 yenrs Of age. II per cont This
large interest l. possible because there Is n
percentage in the game which works greatly
10 :ho rcoit OF tho insurance companies.
Sometimes the vito dos before the husband,
and the $4,000 Is pock.tod by the company,
with nothing: 10 pay out. The husbands grief
may DO embittercd Ivy the thought that he
oon!! have kcrt .he $4,000 in his business.
hut tia: is tho way tho game is mado. The
wheel goes round. and sometimes the rod
'';i,,s up a!th"nGh you haye rot on tho black.
ns :ne Sii! !; iissE;; ,!! anST n,jss % VI Fnri Ss 0It isS
wh"r" the aivea.Lrous brother goes To
fHnherl'l VIZ nntlIng IN h!s rocket ne.auso
his tcarfnl but pretty sisto. who marrios 4
pee y?un:; man IN tho last paragraph. that
n'h'' - hiiA"if IL. u.s. plIeIS W an SIkOE
not for that kind SOMETIMES a i,isCaHSi.. or Su a
wife or ]Jaushterr," or n DM;@ "' LII. att: n. plan In, ms IN.
no: yet reached its English degree OF popular
n.y. Y; ShHme;ims1; too, m elderly lady, or a man
left him. and invests It In an annuity. The
interest is a!way- higher than enn be earned
the r~rreivor Of tlH annuity dies tic, sun, naid
annuity. This interest varies from about 1 to
10 rcr ce't, That is ali determined blythe aCe.
plicant. lusi as TN. rate OF premium is deter
nline,! in the case Of an. applicant for M ordi-
a anys enc ,]p hSwansf. ia "o tns point Ihe ofvi j o; ynss
acii"ry in considering these two cases.
,n When can a man tai es Gu; az o,dinary MS roltsy
longer the better. When he buys ap annuity.
, 1re, news 80 q hi his a 4en . Is ,G rscsiysd WIFI sprr%o.
fricndsa aud relatives Of tho holders Of ordinary
policies and annGities tho reverse is the ease.
ceiye the rows Of his sudden or u%utin.iy
encl b? tho thought that his foresight and
ntmLcnee VII s 81, them a! least t1 lace the
in: aids Us n.thy incrc. unfortunately. miono
cln supply. In tho second case. that 2f a man
dra%ims an annuity. his friends; relatives. dc.
hoGntr or comfort that they may derive from
Now. here comes 4 curious fact in this con-
ncctInn. III" i..ln, with an annuity lives longer
than the man holiin. Il life insurance policy.
have reduced -, whole tnins to lows 81, iiS-
u.rs. which tell tho strange tale. Why! Well.
% %"t q si very p nar 5 ertn ph n.nss Of IT, f. " ans y It 5u Il
il is s!:rh u hard. cold fact that it has entered
into the actuaries' calculations on ths ayoragcs
sAesr:uIly suT-onnacd: caution:ly watched
4, French story writer could work up a
h..;hiy emotional situation on some such case
,"Alrnonse entered his unclo's study with
gloomy orehodlnGs..-
Ills struggle for lie had comet"
"IIr could not cnte. the Jockey Club again
unless prepared to pay that deb: Of honor to
no! Death rather!
hi .AnI tnat yory morning. as she had kissed
How ,wlcal C%clcste's lips were!
heIp. or coldIy rcpulse him. rs he so often had
iris uncle did not note his arrival.
He was asleep in his chair!
bio gray locks?
1T waS tho wind!
"Thcre was death in that chill blast.
'Alrhonss spraa. to close tho open window.
AZ his fingers touched the window he hesi-
Iis uncle's life was insured for 5OO.O 900 |
Ito was his uncle's sole helrl
he thought Of the Marquis,s cruel eyes.
%of Ccleose's warm lips"
..N'H' 'icie YOU are. HOW uluerCnt the Btu
alton would be i: the uncle OF Alphonse was in
rrccir: Of u large annuity and had no insur-
ILcrs is another thing that helps to proIonC
INC HE OF the man will. au annuity. He is no
longer IN tl,e struggle for life. His ircons i.
assured, unless tho company susncnds. and
ne neTcr thinks Of TINT. 1t may te n very
small income, but he has no struggle for it..
nm.t H. Inst Elides along, SO quietly and COM;
iortabiy tint the man with the hour glass and
scytho hardly considers him fair game. What
ii,ht OLD chap is looking for Is the man with
mo sweat rolling down his faco trying to earn
enough to pay tho next premium On his In
or course. you don't always live n long time
when YOU have an annuity. Some people die
~narious in trmpernment and il they are li;tsd
1ut OF the strvGgle for life they are so bored
they Jlist quit trying to live. There was John
Broughnm. the actor. That historical charac-
{rr, me OLD theatreEorr.", will renembcrH
piE hGneiit given to Brou:ham n:'c. no had
irit The stage and was poor, H", tool; the
$1,000 net.ei by the benefit and bought an
annuity, AS ho. was supposed to he about 90
yetrs o!i1-hc did not know his eXae, agruho
sGt u lIlEh, ratio Of interest, ibou, 10 n.r cent.
Which yielleA Him Si.LNl Il yenm. HN drew