The Wichita daily eagle., 1897-12-14
"DON'T BORROW TROUBLE" BUY
SAPOl 10
IT'S CHEAPER IN THE END.

executive officer. The American COM
panies, too, nave aimed 10 inspire their
agency force with enthusiasm in their
work, and the different plans OF insur-
ance offered by the large companies OF
this city have been well received abroad.
The war risk" clause. which figures IN
many foreign policies. is little understood
in this country BY this is meant the Ia
biltty OF an insurance company 70 pay
che full sum insured IN the event OF It's
policy holder peristhing during active ser
vice in q campaign Ii is usual with
some companies TO stipulate. IL case of
ordinary policy holders who do not pay
any extra premium, that in the event OF
their dying this way the company. IN
stead Of paying the face amount of the
insurance, shall pay only its surrender
value. or certain previously designated
percentage Of the premiums received.
The reason OF f>this Is that the mortality
in campaigns between two first class Eu-
ropean powers has been found during
the pressn. century 10 be very higi IN
deed; higher, in fact. among officers than
among private soldiers. while officers, OF
course, are most likely TO be insured in
ordinary life Insurance companies.
Among private soldiers the total mortal
ity. including that from disease and ex-
posure, might range, it is thought, from
per cent TO 10 per cent in an ordinary
campaign; while in the rank OF officers
| it would probably attain from 10 10 10
| per cent. This, 1t VIII be seen, would
constitute quite a serious addition 70 the
| liability Of a life Insurance company. II 1t
pledged dtself 10 pay the fun amount in
the event OF death during active service
in a campaign. To meet the difficulty
most companies provide either for re-
! duction of the sum assured TO an amount
which eliminates all OF the risk element
| in the transaction. or a large extra pre-
MUM is imposed for the policy year dur
| ing which the campaign takes place. The
extra charge amounts perhaps 20 per
cent Of the total sum assured. A third
method is 10 charge small extra pre-
MUM from the inception OF the policy,
| in consideration of which the campany
| assumes the so-called war risk abso-
| iutely, without the power 10 make fur
ther charges or TO suspend the insurance.
| Darwin hiusS-oSs H4iO Aico oAS--A
| ed the situation in Paris. London and
Berlin. in speaking OF the progress made
| by American companies abroad, said:
| Until recently the policy conditions Of
! the contract offered by American com
panies, particularly IN regard 10 resi-
dence, travel, occupation, etc, were
much more liberal than those offered
by English companies. The difference
was so marked that there mas been al
most a revolution in the policy contract
offered by the English, French. Ger
man and Austrian companies within the
! last dozen years. The native cOmpan-
les have thus been obliged to liberaAze
I their policy contracts in order to secure
/ anything like a proper proportion OF
/ the business. Endowment insurance,
/ and ordinary and limited payment life
| forms with deferred dividende. have
| dome qn,lch to give the American com
| panies an advantage. The investment
| element in Ike insurance az distinguish
| ed from mere indemnity. mas Deen until
lately but sparsely representec in the
! office Of any English or continental COM
many. The old-fashioned ordinary life
contract vas supposed - be TIE thing.
( and TO x the Foreign c0Dpa MES adhered
consistently. Add to this the fact that
| until -acentiy the cash surrender val
ue OF an ordinary life policy offered
in a British company has been excep-
| tionalIy liberal. and Il rs easy 20 Under
] stand how unattracriye life insurance
was made. The agent ot an American
] company oas only 20 ask his client u
| he knows OF a single caee anI0ng MS
| friends where satisfactory cash settle
nnent has been made l5y an English COM
| many. The answer Is alnlDSt always N
1 s,e neZs-.ve. because English co-OFarise-'
/ haven't written endowment policies,
| and where cash surrender values have
been paid on ordinary Hte policies. ne
situation IL bound % De one that the
4 AGENT of the American cJDDany can
/ utilize. TIE agent . the American
oom2sny can Immediately say. I can
| take YOU 10 a cao. and within an 1our
| introduce yo1 q q slsif dozen Tez7,oflsi-
! 5le people ssho In the las, ye8- Or tTo
nave received splendid cas1 se-tilesre1l >
| rom American offices ~ ne expiration
| = their en.so1rnent o dividend persof.'
| Tyais kind q an argument - naturally