The Providence news. (Providence [R.I.]) 1891-1906, 1895-02-26
THE NATIONAL LIFE lNSUR.
ANCE COMPANY
Called It JncurabIo.
81 had u painful ulcer on my ank

The corporate name of this institution may
have seemed somewhat pretentious a genera
tion ago. Launched in 1850, its keel having
been laid by its original charter in lsis. Yer
mont men made up its officers and crew.
Time has passed and the company has just
issued its forty-ffth 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 aud West and on ths Pacific coast,
till Vcrmonter 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, IL took its first risk, has grown
and expanded till it 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, beyoni which there is tempta-
tion TO 60 ia the pressure Of active and In
creasing 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 thatinvite It's enter
prise.
During the past yer tho comnany's net
ledger assets have passed the 100000 mark,
aggregating December 81, sl0,20j,63j.60 as
against s9.l32 092.0j December 30, 1893 Ii has
received during the year in premiums, inter
est and rents, s!93l,3 80 1t has Paid in
death clai.us, St76,'5s.& in matured
endowments and surrendered policies,
S6J7 .G592S; in surplus returned, SlZ!,'
1881, aggvesating sl,gO6,6O1G re-
turned 10 policyholders or their representa-
tives. The total expenses have been sejl,-
17l.63 Interest due and accrued, unreported
and deferred premiums, and premium on
stccks and bonds, aggregate Ssit,4lll, max
pg the gross assets Sll,oi5,6'e.7l. The
total Liabilities as to policyholdcrs,
including computed reserve lactuaries.
four per cent?, S9.2l69'3.l0, AMI extra reserve
on life rate endowmeEts, s5N,2l6,a, are
S9,6ll ae2. 80, leaving n SUI plus -four per cent?
OF / / .l30, sli.02 or computed at four and one
half per cent, of s2,0i5,S9S.s5 Since its organ
iza,ion the company has paid its policy
holders Sl0,724,047.l6, divided as fol-
lows: Death claims. sj,33i 39i.O2;
matured endowments, s5s6 996, As; surrendered
| ~.
1880 1t has now in force 30, ,is6 policies, in
suring s6i 975, 5000 In new business done
the following is the fiattering record for 1891,
year of depression and shrinkage In nearly
every department of business: Policies issued
and revived. 6Sl3, insuring Sl4769'm6OO;
increase in gross ledger assets, sl,l5S &i.1O
increase i'm surplus, s295, GEL 68; increase in in
terest received. s55.e32.ss The gain during
the year Of the number OF policies In force is
1872; in insurance in force, S3.3i3,337, in re-
ceipts from premiums, sS3,sS1.2. The pay
ment for death claims has been S51,93l.l9 less
than in 1893 but payments to policy holders
sll1,oG3 10 more.
II is worthy OF note that the National Life
was one Of the few companies THAT increased
II surplus In 1893, the gain in that year being
sl32 0O0 For the year 1894 the gain Is S296,G2!
The benefits Of life insurance are not all
deferred till death natures the policy During
the troubous times Of 1893 the
National Life loaned its policy
holders large sums OF monev against
the reserve value OF their polio es During
the black week in Denver. Coll. In tn summer
OF that year, when, as ono applicant put it.
one couldn't borrow $40 10 that city on $50
gold piece. tho company loaned its Denver
policyholders more than 5000 on their polici .
i'm sums from Sl0O TO sl2.0 IN one instance
During the PAST year the increase In loans on
policies has been over Sl3OOOl. Its loans 90 its
policyholders. with their policies as collateral,
now exceed $4,000.
Tbe Insurance. Herald Of Louisville. KY.
reviewing the National Lif's statement,
comes ~ reasonable conclusion when IL says
that Il may be confidently predicted that Il
i one OF the best statements that will bc made
by any company this year. Indeed. II is re-
nnrkable that In year of such general DUH
ness the company should be- able iu show such
subsianiial growth and genuine hetterment
In all thnt affects the vital points OF life in
surance."
, furnish ON application specimen policy made
out at your present age. with cash and paid-up
values endorsed thereon. Correspondence
solicited from agents.
A.. n. ROWLEY. General Agent,
No. aG2 Wcstminstef ST., Room 4
Telephone. No. 81.
Ready Tor Service.