The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1899-02-18

than was assumed, just SO much more
of the premium Is saved.
| If now these three items of saving are
returned to the poicy-holders in the
proportion that each mans payments
have helped produce them, then each
man will have his insurance at it's exact
| cost to the company, no matter what
the nominal premium on his policy may
be. He gets the most insurance posi-
BILE for his money. That is what mutu-
ality does. That is what it is for
| True Mutually.
! The Connecticut Mutual aims to make
this principle effective in it's widest
scope and to it's highest degree. Not
only has it no stockholders to absorb
these yearly savings as their profit but
it has no Tontine, Investment or other
special classes of policy holders, with
postponed or deferred dividend periods,
each man hoping to make a speculation
out of the accumulated savings others
may have to leave behind them by
death or lapse during the period. Its
yearly savings, whether from a low
death rate, high rate of interest, or
low rate of expense, go directly back to
/ its policy holders in the proportion in
which each mans payments have eX-
ceeded the cost of his risk, in yearly
| dividends. So that year by year each
man gets his insurance at it's actual
cost to the company and at the lowest
cost which, by careful selection of risks,
good investment and economy in ex-
penses, the management is able to Sc
cure. No policy-holder gets the savings
made on another mans policy. No pol
icy loses it's savings because of the
death of the insured. His savings are
paid with the policy. In case of lapse
his contributions to the reserve are not
put into the deferred dividend specula-
ton, but are used as single premium
to give paid up insurance for as large
an amount as possible in place of the
policy which has lapsed.
We give to each his own overpay-
ments, and to no one what of right and
equity, and true mutually belongs to
another
True Cheap Insurance.
Obviously that company which has
the lowest death rate, which earns the
highest interest and pays out least for
least cost to it's cy-holders, as
whole. 1t will effect the largest saw
ings. If it returns those savings in
strict conformity with the principles Of
mutually it will also give the cheapest
individual insurance on the average.
We say ION the average" because some
companies which make dividends so dis
crimnate against certain classes of pol
icy-holders and in favor of others, that
while in the aggregate and on the aver
age their dividends are very small, in
certain cases they may be large; a poor
sort of mutually.
Cost in the Connection. Mutual.
The Connecticut Mutual exercises |
great care in all that affects its death |
rate; it confines its business to the |
healthy portions of our own country.
No desire for size has led it to acquire |
business in varied climates. under con-
ditions Of widely differing effect upon life |
and health, and beyond effective con-
troll. Its medical service is organized |
with great care, and the result of it's Sc
lection of risks is shown in the very
low mortality and the great saving al
ready referred to.
Its interest rate is as high as Is con-
sstent with safety, and has so far been |
a source of large saving. With lis per |
cent. assumption its experience Is likely |
to remain relatively good
Its rate of expense is and always has
been less on the average than that of |
any other company. The expense rate
of its greatest competitors ranges from
rs to 100 per cent. and over, above that
of the Connecticut Mutual. It's saw
ings from that source are unequaled by
any and approached by very few indeed.
High Dividends-Low Cost.
As a consequence of all this long con-
tinued care and economy, the aggregate
savings Of the Connecticut Mutual have
been greater than those of any other
company. It's annual returns or divi-
dends of these savings to Its members
have been larger than in any other COM
pany, unless in cases of exceptionally
favorable treatment at the expense of
others. Therefore its insurance has cost
it's policy holders less, both as whole
and individually than in any other
And the conditions which have pro-
duced these results for more than half
century are still fully operative in the
care and economy with which its af-
fairs are conducted, and in the contrast
ed degree in which these qualities ap-
pear in its most active competitors.
Its Proper Clientage.
To those who desire to do fully, at its
least cost and to the utmost of their
financial ability. their duty to their fam
lies and to use life insurance for their
protection and not for a speculation for
the Connecticut Mutual Of
fers the utmost that life insurance can
accomplish, in it's simplest, cearest
forms, of perfect equity and perfect mu-
tuality, on the soundest basis of any,
and at lower cost than has been
achieved by any other company. Great
er service can no life insurance company
render.
The Witness of Fifty-Three Years.
In the fifty-three years of its work the
Connecticut Mutual has received: