Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1892-03-06
me Conditions snd Equities Of . ss"s-
Toutiue Policy

rne Conditions snd Equities Of ss"s-
Tentius PoIicy
In the Northwestern Mutual Life ar, IN
sursncc Company, of Milwaukee, Nus
trated and exclaimed;
Exactly the same rs any other. 30 far -
concern the amount OF premium per tnou-
sand and tho insurance.. e.. protection.
n is not kind Of insurance, but ceTam
,rov Of dpplying dirids1ds. Insurance upon
the ordinary Life plan or any Limited Lie
or Endowment plan may or may not OF
placed in the SENT Tontine class. as tne ~
plicapt desires. The distinctive feature OK
Toptine is that the surplus il not TAKEN oy
the insured as il accrues IRON year 70 ysa..
but Is permitted TO remain and accumui ~
with the company until the end OF the
period no. IS. or 20 years.. The practical
meaning of the word "Tontine" IL tnat
the survivors of the period receive tue
profits. The survivors" from q business
MONT OF view, are the most deserving, Dc
cause they are the ones who nase kept
their contracts have paid their premiums
promptly, and all their premiums; IN
short. they haze paid the mos money am ~
hare not did. And so, becguse the Survivors
receive tho profits. Semllonuno III
surance Is more Just and equitable tunp
any other plan. There can be no possiole
profits To the Survivors which Will make SO
large return for premiums PAID as &C
crues to the estates OF those VINO
die early in the period. and II was TOT the
very purpose of epualizing the dement's III
life insurance that the Tontine idea was
employed and introduced. In all other
business enterprises the men who stay the
longest and pay the most are entitled 70
the most, and If justice is done, get the
hsfn m
The old objection made bv many 70 lie
insurance was, while, of course, 1t IL a
good thing IN case those who died early, II
was not for those compelled TO pay
premiumsfor long term OF years, OF VINO
lived out their expectation" SEMI
Tontine answers that objection by It's
most Just and equalizing plan, return
ing for the premiums OF those VINO
die during tho period the race OF tne
who have lived and kept their contracts
and had the burden of premium paying
during the entire period all the pronts.
Briefly, the estates OF those VINO ule
during the twenty wears receive larger
return than those who live. Those VINO
lapse receive proportlonate paid-up insu.
rance, but no dividends. The persistent
members-viz., those who live until The
end of the period and pay the full twenty
years lsay plOuhDly tOV W oVJ VI e.io 'fNO,S
receive all he surpus. There are also vaiua-
bile options enabling survivors TO adjust
their insurance 20 suit their circumstances
at the end Of the period. That Is SENT
| TOnfine Insurance.
| In this connection the following extract
! from report of Ohio Senate Committee on
Tontine Life Insurance will be of interest;
There is somewhat of a mystery con-
nected with the keeping OF the funds on
| the part of some of the eastern companies
which intelligent bookkeeping might De
able TO correct. The funds are CONSOLE
| dated IN such manner as to be confusing
until settlement day. when company OH,
Gals divide az they deem expedient, and
the policy-holder and the public Is ex-
pected to be satisfied. In pleasing con
| trast to this manner of doing business the
affairs of the Northwestern Mutual Life
Insurance Company of Milwaukee present
clearness and conciseness and open,
| facedness that is at once marked ana
praiseworthy. At any time the books OF
the company furnish full aud complete
record OF each individual policy, and 1t -
furnished at any time upon application
For further information address, giving
| date of birth, JOHN b. CARY Son.
General Agents for Virginia and North
Carolina.
1901 east Main street, Richmond. Va.