Evening capital journal. (Salem, Or.) 1888-1893, 1892-02-11
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when They May BE Heln.tated Aner
Failure 90 Pay the Premium.
A short time ago Young man who
had for several years paid premiums ON
life Insurance policy allowed it to
lapse. Having been very busy when he
received his notice. he had put II aside
and had then forgotten all about it
His policy was Of the semitontine order
that is. after paying premiums for
twenty years. he would receive the face
value Of the policy, plus the dividends
earned by lapses on the part Of others
in the same class. and also the interest
on the money. He had looked upon it
az an investments for the future, and he
was greatly distressed 10 learn. that
utter having paid in several hundred
dollars, be had through sheer careless
ness lost It alt
When he discovered It the premium
was two weelH overdue. He had no
idea that he could be reinstated but he
thought he would try. So he went to
one of tine officers Of the company and
told him his trouble.
Have you been III latelyT asked the
insurance man.
mo, l have been unusually well.'
said the young man.
The official looked at him for mo-
ment
'T'l see what can be done. he said
finally. Come with me-
He led the way into private Office
whore man sat reading behind desk.
The insurance man leaned over the desk
and talked in u low voice TO the man
seated there After few minutes he
turned and bec1koned to the young man
"Mr. --,'' he said. "this is Tr. Jones.
He has charge of such cases as yours
and he will do what he can for you.'
With this he withdrew and DR.. Jones
asked his visitor to sit down. He placed
chair in front Of his own, 20 that he
could look directly into the face of the
young man The latter noticed that the
doctor was very agreeable looking
man, with soft black beard aud spark
ling black eyes. A rather mocking
smiie fitted from his lips to the wrinkles
under his eyes. He had a soft, pleasant
voice and q slow way Of talking. The
young man felt that with all his agree
able qualities he was in the habit Of
studying people critically, and that he
was deliberately forming judgment rs
to his own character all the while he
was talking in the pleasantest manner.
"Why did you let your policy lapseY
asked the doctor, smiling good ma
turedly.
"I had been very busy. and mislaid
my notice." was the reply.
How has your health beenT'
III have been very well.
lyon haven't had even headacheT
"None that can recall"
The doctor rocked slowly in his chair,
eying the young man intently, but still
pleasantly. The latter began to get
nervous, and felt guilty OF all sorts of
things, when the doctor ended his sus-
pense by saying:
"Well. don't think 1t will be ncces-
saiy to examine you again. ! will see
that you are reinstated, and IL you will
wait few minutes you will te able to
pay your premium and get your receipt" :"
The renewal department in some Of
the big Insurance companies is kept busy
all the year by policy holders who, like
this young man, forget TO pay their pre-
miums when due In several OF the big
gest companies this hanch Of the bust
ness is large enough to require the serv'
ices of large force of clerks, and ~
divided into departments. The local
business IL comparatively small, but tho
domestic and foreign departments arc
kept hard nt work Strengthening out the
mistakes and entanglements Of policy
holders In different parts Of the civilized
world. Policy holders lapse for various
reasons, forgetfulness being the main
cause. AS most Of the policies nowadays
are in the nature Of investments for
their holders as well rs for their heirs
the forgetful ones usually want 10 bo re-
instated
The rule In one of the big companies
as 10 local lapses Is 10 reinstate the policy
holder where the examiner is convinced
that the lapse was not due to illness. II
the premium Ia less than thirty days
overdue, the reinstatement is usually
made without subjecting the policy
holder TO another medical examination
II. however, there is any doubt in tn,
mind OF the official who questions hi,n
no must submit TO an examination by a
physician, quite as rigid AS the trst
| Occasionally men who have acquired
| chronic diseases since they were first
examined, allow their policies 10 lapse.
and they are then shut out. New York
Sun
| Fatal coassaney OF n BuSk.