The Owosso times. (Owosso, Mich.) 1897-1926, 1899-03-24
OUR HOME INSTITUTION,
REFLECTS HIGH CREDIT ON THn
PENINSULAR STATE.
Gratifying Statement Of the Mfehi-
gan Mutual Life Insurance
Company.


terprising and consequently strong
institutions in which our State taxes
a pardonable pride, none Is more
worthy Of special mention than the
Michigan Mutual Life Insurance Com
pany, whose principal offices are at
Detroit. The annual statement OF the
Company, covering its work for 1898,
has Just been issued, and every line
and figure in II bears out this asser-
ton. A few items from the report
will fully illustrate the growth ana
strong character Of this popular as
ISOLATION.
Its total income during the year
lust past was over one million three
hundred and eighty thousand dollars,
of which upwards Of one million dol
lars were received in premiums On
life insurance. 1t paid death claims
aggregating over two hundred and
eighty-six thousand dollars; it paid en-
dOwments amounting to over two hun
dred and sixty thousand dollars; 1t
paid surrender values aggregaung
over thirty two thousand dollars, and
1t distributed to policy holders d1vi-i
dends amounting to over forty-nve
thousand dollars. The total amount
paid to its policy holders by the Com
pany, was over six hundred and
twenty five thousand dollars, and its
total disbursements were over one
million dollars.
The assets of the Michigan Mutual
Life Insurance Company are now
over five million nine hundred thou
sand dollars. 1t has reserve fund
Of over five million four hundred and
fifty thousand dollars; and deducting
a few small items Of death claims not
due, unpaid dividends, etc, its gross
surplus according to the Michigan
standard was over four hundred and
twenty thousand dollars.
During the year this Company is
sued three thousand three hundred
and fifty-fve policies, covering life
and endowment insurance to the
amount Of over seven million dol
lars. At the close Of the year it had
fifteen thousand eight hundred and
twenty-five policies in force, repre-
senting over Twenty-Five million nine
hundred thousand dollars in insur-
ance. Since its organization 1t has
paid out to policy holders over seven
million six hundred and ninety thou
sand dollars.
The mere statement Of these figures
speaks volumes for the stability ce
this well-known organization. and tes-
tifies In the most unmistakable man
ner to the enterprise and efficiency Of
its board of officers. At the head of
this board, where he has been kept
for many years, Is Mr.. o. r. LOCKER,
to whom no small portion Of the cred
1t for this present magnificent show
ing is due. Mr.. LOCKER is thoroughly
versed in the business Of life insur-
ance, and his ability and energy have
been potent factors In extending the
lines OF the association. The other Of
fcers and directors of this strong
company are known as the most sue
ccssful professional and business
men In Michigan. It's board of mana
gers Is admittedly one Of the most eff
fcient body Of men in any company
In the United States.
The Michigan Mutual Life Insur-
ance Company, which now does a
business extending all over the coun-
try, deserves it's extensive and rapid
ly growing patronage. To the general
public 1t presents the very strongest
inducements for business, but to the
people OF Michigan 1t appeals with
still more force. 1t is a home institu-
ton, conducted by our friends and
neighbors, In which local pride should
and does take extreme interest.
Everybody should carry life insur-
ance. Everybody should seek the
company which is the most liberal
ana at the same time is strong enough
10 carry out its promises. And when
the people Of Michigan find com
pany which offers all these guaran-
ties. and at the same time is n home
company, there can be no uuestion as
TO where their preferences should go.
fatronize your home concern. is n
maxim of practical policy as well as
or proper sentiment We need not
spend words in urging our readers
VINO nave not as yet insured their
ives TO do so at once. But we advise
all not to insure until they see the
policies Issued by the Michigan Mn
tuai Life insurance Company. These
poIicles are non-fOrfeitable, and their
Value In paid-up insurance is ex-
pressiy stated I'm each policy. They
should write at once to the Michicon
Mutual Life Insurance Comnony
whose head office Is Mt $50 Jefferson
avenue, Detroit for full information
regarding Its plans of insurance They
cannot do better than enter into relo.
lions with company whose standing
IN the business world is a guaranty Of
safcty. liberal treatment and the
greatest saving IN net cost to tn, as
snred.