The Providence news. (Providence [R.I.]) 1891-1906, 1895-02-27
The NATIONAL LIFE lNSUR-
ANCE COMPANY.

The corporate name OF this institution may
have seemed somewhat pretentious genera
ton ago. Launched in 1880 its keel having
been laid by it's original charter in lSis. Yer
mont men made up its officers and crew.
Time has passed and the company has just
issued it's forty-hfth annual statement.
AS the sons OF Vermont have gone out
into every quarter OF the nation, have
builded States and established their organi-
zations in every considerable community in
the North and West and on the Pacific coast.
till n Yermonter has become the most con-
spicuous type of American nationality. so this
Vermont life insurance organization in the
forty-fve years that have passed since, in
Montpelier, it took its first risk, has grown
and expanded till IL has filled out its title
and established its claim TO nationali-
ty. Its agencies have been estab-
lished In every considerable community
from the Atlantic coast to the Golden
Gate, and through all that region the National
Life stands for all that is sound and best In
this department of enterprise. Never cross
ing or approaching the danger line Of doubt
full or questionable methods or policies
In insurance or in business manage
ment, beyond which there is tenpta-
tion to 60 in the pressure of active ard in
crcasing competition. this company has
nevertheless been liberal and progressive in
conducting its affairs and has steadily made
its way side by side with its powerful metro
politan associates and against sharp local
rivalry in the regions that invite its enter
prise.
During the past year the compapys net
ledger assets have passed the 100000 mark,
aggregating December 81, sl0,20j,63j.0O as
against BIB. 092.05 December % 1888. It has
received during the year in premiums, inter-
est and rents, s2,g3l, BIZ So lt has paid In
death claims, s47675S.S} in matured
endowments and surrendered policies,
s6J1.069.2o; in surplus returned, Sl2s,-
l7g.Sl, aggregatiDg sl206,G07.& re-
turned to policyholders or their representa-
tives. The total expenses have been s6jl,-
l7l.63. interest due and accrued, unreported
ana deferred premiums, and premium on
stocks and bonds, aggregate ssiO,u4lll, max
ing the gross assets sll,Ob6i6d: The
total liabilities as 20 policyholders,
including computed reserve (actuaries.
four per cent?, s9.s6,e3.l0, and extra reserve
on life rate endowments, S3d,2l6,54, are
S9,6lt92.63, leaving surplus -four per cent
of sl,iO, 7l4.Gs, or computed at four and one
half per cent, Of S2,05,S93.Sj. Since its organ
ization the company has paid its policy
holders sl0.72l, l,047.l6. divided as fol-
lows: Death claims. s5,33i. 4.02;
matured endowments S5S6, IS; surrendered
policies, S2,76s 52i.l9; surplus returned, s20i0,
l&.J0. IL has now in force 30 ls6 policies, in
suring s6i,915,@100. In new business done
the following is the hattering record for 1894,
year of depression and shrinkage in nearly
every department of business: Iolisies issued
and revived. 6ol3, iusuring Sli,169, ,9l600;
increase in gross ledger assets, si,l5s S24 70;
increase in surplus. S295 SO: increase in in-
terest received. S55 CESS. The gain during
the year of the number of policies in force is
1852; in insurance in forcr, s33i3,S3'; ia re-
ceipts from premiums, sS3SS1.G. The pay
ment for death claims has been So 95l.l9 less
than in 1893. but payments TO policy holders
S1l7.&3 IL more.
1t Is worthy of note that the National Life
was one Of the few companies that increased
il surplus in 1898, the gain In that year being
Sl32,0O0. For the year 1894 the gain is S29j,d2!.
The benefits of life insurance are not all
deferred till death natures the policy. During
the troublous times of 1893 the
National Life loaned its policy
holders large sums of money against
the reserve value of their policies. During
the black week in Denver, Col, in the summer
of that year, when, as one applicant put il,
one couldn't borrow SO IN that city on a $50
gold piece, the company loaned its Denver
policyholders more than 5000 on their policies
in sums from 500 to SEQ in one instance.
During the past year the increase IN loans on
policies has been over $4,000. Its loans TO its
policyholders, with their policies as collateral,
now exceed s9000O0.
The Insurance Herald of Louisville, KY,
reviewing the National Life's statement,
comes TO q reasonable conclusion when it says
that it may Toe confidently predicted that it
Is one of the best statements that will be made
by any company this year. Indeed, il is re-
markable that In year of such general dull
ness the company should be able TO show such
substantial growth and genuine betterment
In all that affects the vital points of life in
surance."
The National Life Insurance Company will
furnish on application aspecimen policy made
out at your present aye, with cash and paid-up
values endorsed thereon. Correspondence
solicited from agents.
A. b. ROWLEY, General Agent,
No. 362 Westminster ST., Room T.
Telephone. No. s7l.