The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1893-03-22
AN ANONYMOUS CIRCULAR.
A Publication Distributed 10 Deocivo this
Ignorant and UnwNry.

A Publication Distributed 20 Deootv. tho 4
JgnOrant and Unwary,
My attention hiss been called TO some +
very misleading and anonymous docu- !
msnts being circulated by tho New York +
Life insurance Co., In which the statement
u made that the dividends OF the compauy
! represent In Montana. the Northwestern
Mutual Life Insurance Co. OF Milwaukee.
are Decreasing. The anony nous liar 10
usually n very difficult customer 10 trace.
but a. In this case agents OF the New York
Life are circulating these documents.
lake II 70! granted that they are taking the
DO advanced 1or their c~ourae-eithsr thsy
are engaged In . dslibe, ate attempt to mis-
lead, or they arc grossly Ignorant OF facts
which they should. a. life insurance agents.
have at their finger ends. The dishonesty
any one engaged In the business as not to
deceive Thorn. but the average reader would
simply take the figures, and they might
misIsad: This anonymous publication
gives the premiums, receipts and div
s sasn'' from 1''a 1873 y to the tn. N0', n,ss:a,
date. Tho tables show : less proportion Of
aggregate dividends to aggregate premiums
In later years, because for the past ten
years four. Afths of she now business of the
Northwestern has been issued upon plans
NoNVb VAAS oAyAOOA08 : oIUIEUu llubk
the end Of certain fixed periods. such a. the
ten. fifteen and tvsnty-ysar tontins and
scmi-tonttne plans. Under but one of
these plans has the period expired. 1t ia \
fact. which cannot be disputed. that the
Northwestern has n T. paying from 3b to
to 60 per cent greater dividends than the
New 70 x Life. as the following prove:
&C. oss 5i : 'f ii is'A' ton o! sSasnNr 'ifs, ten
year tortlne. year %tontine.
caster. Pa. for 1888.
Age 81. Age 81.
Issued 1883, 5000. Issued 1883. $4,000.
surplus .$BH l?lSurplus ....... 81. 726 S.
In this case the surplus paid by the North
western is moro than two and one-half
times greater than that paid by the New
York Life. M. Spencer, In a letter under
in the New York Life. says: ''Ths New YoIk
Life refused to pay me as much a. they
should. and az much as they promised, BY
more than $1,000. Ny advice IL. don't have
Anything to do With the New York Life"
wi nsoe Of As aIsnss,H Ga. i In M soS % nj b.. 1885, 1855,
10 took out two policies Of $1,000 each, one
in the Northwestern and one In tho New
York Life. each on exactly the same plan,
twenty-payment life. The cash dividends
paid by the Northwestern in ak years
amounted TO $215. 20, and BY the New York
Life to $780, n. q difference in favor of the
former company Of $125. SO, OF nearly two
and q half times greater than paid by the
New York Life.
And here is another. Dec. 20. 1882.
for $4,000. one in the Northwestern and
the Other In the New York Life. on exactly
similar plans. twenty year endowment. In
ton years. or up to the close OF 1892, the
New York Life paid in cash dividends
$l4h.6s. and the Northwestern $3o8. "A. In
the same period Mr.. Fry paid the New
York Life $36.63 more in premiums than he
paid the Northwestern, making the differ
ence in favor of the Northwestern in eleven
yenrs against the New York Life S199.44.
While comparisons are in order l will
give one that will interest intending in
Samuel Cupples. OF st. Louis, at the age of
a. took ont " ten year %tontine POLICY for
$4,000 in the New York Life. At the end
OF the neriod the policy had earned ia sur
plus ST. 1886. 18. Now let US take an exactly
.lmilar policy for the same amount ending
in 1857 In the same company and We find
that it is credited with $685. 3 in surplus
earnings. q falling of of 1861. 36. or 40 per
cent. During exactly the same period on q
policy precisely the same the Northwestern
earned q surplus of 81, 295 80, or "a per cent
in excess of the New York Life for the same
period.
While comparison Of cash dividends paid
to policy holders to premium receipts are
In order. the following, taken from the
official Connecticut insurance report. shows
tho decrease each year in cash dividends
! aid by the New York Life from 1888 to
1891. inclusive. Ibis comparison is more
reliable than the Anonymous document
circulated by the agents of the Now York
Life, which claimed to set forth a falling
OF in the cash dividends paid by the North |
western. l give this for the benefit of
those who place value in these comparisons:
PolCentapa Of cash 3ivijep6a D,;J 10 na1;,,
holders to premium receipts by the New York
Life from 1853 to 1891, inclusive, as taken from /
the
OFFICIAL CONNECTICUT INSURANCE REPORT.