The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1893-03-21
AN ANONYMOUS CIRCULAR,


AMWbbIWAbVbl ANsbsH W IpOOulv0 Linz
Ignorant mad Unwnry.
My attention has been called 10 some
very Misleading and Anonymous docu-
ments being circulated by tho New York
Iife Insurance Co., In which the statement
IL made that the dividends OF the company
! represent In Montana, tho Northwestern
Mutual Life Insurance Co. OF Milwaukee.
are det reasinR. Tho non nous linr 10
usually q very difficult customer TO trace,
but 40 in this case agents OF the New York
Life are circulating these documents, /
take IL for granted that they are taking the
responsibility for II. But two reasons can
be advanced for their course--either they
are engaged In q deliberate attempt to mis-
lead, or they arc grossly ignorant Of facts
which they should. as life insurance agents,
have At their finger ends. Thu dishonesty
of the ci, culAr referred to in 80 plain To
any one engaged in tho business as not TO
deceive them. but the ave ago reader would
simply, n the figures. and they might
gives tho premiums, receipts Snd div
s1n from p"'0 1875 y to the the N0rt n'sssa,
date. The tables show q less proportion OF
aggregate dividends to aggregate premiums
IN later years. because for the past ten
years four hfths of the new business of the
Northwestern has been issued upon plans
under which dividends are deferred until
the end of certain fixed periods, such az the
ten. fifteen and twenty-year tontine and
semi-tontino plans. Under but one of
these plans has the period expired. 1t is a
fact. which cannot DO disputed. TINT tho
Northwestern has and il paying from 35 to
to GO Per cent greater, dividends thaa tho
New York Life. a. the following prove:
y. ofi 'a ! . ia 5:soo! ton ,. o;s ;s";;ss , IL; Is boo. ten
castor. :; j. r. Spencer Lam caste. 4 =. pa Spencer Ian
Surplus paid end ten surplus paid end ten
years. SCAT ~. years, 81, 72B.55
In this case tho surplus paid by the North
western is more than two and one-half
times greater than that Paid by the New
York Life. Mr.. Spencer, in a letter under
date Of Feb. /. 1888, referring to the policy
In the New York Life. says: ''The New York
Life refused to pay me as much al they
should. and as much as they promised, by
more than $1,000. My advice is. don't have
anything to do with the New York Life.
Another illustration 10 that of J. B.. Red
wine, Of Atlantic, Ga. In November. 1885.
he took out two polioes Of IS. 00O each, one
In the Northwestern and one in tho New
York Life, each on exactly the Same plan,
paid by the Northwestern in six years
amounted to $215. 2b, and by the New York
Life to $780, a difference in favor of the
former company OF $125.98 or nearly two
and a half times greater than paid by the
New York Life.
And here is another. Dec. 20, 1887,
Pharss w. Fry took out two policies, each
for $4,000. one in the Northwestern and
tho other in the New York Life. on exactly
similar plans. twenty year endowment. In
ten years, or up to the close of 1892, tho
New York Life paid in cash dividends
$l45.63. and the Northwestern $30s. "A. In
tho same period Mr.. Fry paid the New
York Life $36.63 more in premiums than he
paid the Northwestern, making the differ.
once in favor of the Northwestern in eleven
years against the New York Life 1884 4.
While comparisons are in order l will
give one that will interest intending in
surers in the New York Life. In 1872
Samuel Cupples. Of st. Louis, at the age of
40. took out a ten year tontine policy for
$4,000 in the New York Life. At tho end
OF the period the policy had earned in sur
plus III. 1886. 10. Now let us take an exactly
similar policy for the same amount ending
In 1892 in the same company and We find
that it is credited with $S3S.S3 in surplus
earnings. q falling off of 1861. 35. or 40 per
cent. During exactly the same period on q
policy precisely the same the Northwestern
earned a surplus of 81, 295. 80, or 81 per cent
in excess of the New York Life for the Same
period. w. E. PHILLIPS,
General Agent Northwestern Mutual Life
Insurance company, Montana Nstio nal
Sank building. @t-s~-- -" ~