New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-01-26
FANNIE p. WIRELESS,
!. PTARCE WIRELESS,
WALLACE WlIFLESS.
MARIE WIRELESS,
A BROTHERS, CoMMENDATIoN.


,n,,,, prs,ryc Fund LII, ABSORPTION. New.York
Dear Sr:
npon the rart Of your company In paying I" my s't'
and n.nh.ws and nicccs 81 600 being insurance upon
the life of the late William T. Wireless nncer policy NO
lace IN your company
Gawvr,. whom I consulted In the Of INV sister
informed me that there doubt bat that your
comlcny had strong y not perfect defence to 'ne
,ym.nt Of the policy. and acting In their interest,"
recommended compromise which after ron'"'faton' your
company declined To accept but deed"i not 10 "e Az
vantage Of any technical defence bu to pay the loss IN
full.
II IA no. often that individuals 'al TO avail them
selves u u legal RIGHTS and have never known Do
ere o corporation that did not gladly do So therci'e
think IL due yon that should eeknovledg' the gram
cation which feel because OF your refnsa u ior'e
litigation with nv sister and her chi1ren
II win AFFORD me pleasure TO commend your co"p'h!
to those In search OF slfr ana reliable Insurance.
Yours very truly.
tsiened, r. EDWARD PEARCE.
Ms reason for referring 20 this matter Is that Ger
tain publishers Of insurance journals from time Il
time take pleasure IN spreading broadcast faSehoouS
regarding the payment Of It's death claims BY This
Association and the agents Of certain competing HE
n.ura nee companies Instruments In the circulation
~ these falsrh0ods
II Is a fact well known TO our members that oar
ienh claims due and payable WITHIN Ninety
days after receipt OF satisfactory PROOFS oi u"" a
n /, further fuct That the system OF IN" NsSo-
citation provides for morinarv call to be made
avery sixty days, with which T. supply THE Association
with means FIR The payment of existing unpaid dca'h
claims. n III" death claims were paid IN advance
before the mortuary call should be made there wonli
be no existing death claims unpaid. ard No legal
nortuary call cond he made upon the members: conS"-
qnrntly system providing for the mor'iary Calls
TO be- based upon the actual mortality Of the AsNo-
citation aud not upon an estimated mortality. the
moruary calls must therefore b" made upon death
claims which have been approved and remain hhpa"'
II will be- seen that iuasnuch thirty days are
allowed for the payment Of the mortaary calls, ana
much time !, required In transmitting me r"c'p'
thereof from thc three hundred ard more banks that
make our collections that reasonable tim" muNt he
allowed for the payment 81 the death claims after
death which explains why the contracts OF the
MUTUAL RESERVE FUND LIFE ASSOCIATION pro
vide for the payment OF the denth claims within
ninety days after the receipt OF satisfactory proofs OF
death II j. trne Emergency Fund has been created
under III" resolution OF General Shields In looo,
which Emergency Fund now amounts TO $4,000.
and which enables tho Association 10 anticipate the
payment 81 liz death claims after the mOrtImry call
Inns been made 80 that the Association Il able TO
say lint. during the past twelve months, every
claim has been paid at b"fo-r dne where legal
rrlease couId be Obtained. and In nearly every In
stance long before th" same was due.
INVTsTIG ALTON or DEATH CLAIMS.
The Mana cement believe II TO be- Its duty TO In
vcstIgatc each death claim, especially those that
occur npon policies thai have been in "rce fr three
years and under. ana learn through snid Dvestiga-
lion whether u fraud had been attempted upon the
company or not by presenting healthy person for
examination In place OF sick deceased applicant.
or by forgery fraud. and whether the insured
actually dead not. The number Of proofs of dealt,
claims received by the Association. properly made
ont and to- certifying that the insured IL dead
and that the money Is due and payable, when upon
Invest CATION II has been discovered that the said
insured was not dcnd. and the number of other In
stances " attempted fraud upon the treasury Of the
Association forces the Management 10 the conclusion
that their duty REQUIRES them to make careful lnves-
| tiga'ion into the death claims before payment Is
| made. Tho counsel and other officers Of the Asso-
rintion will give details regarding this matter which
believe will fully justify the management In adopt