Virginian-pilot. (Norfolk, Va.) 1898-1911, 1899-05-07
L.fc In.nranee n.x.aenu- of .urp.r.

Life ln."rancc Dtyidcnus of Surplus
The four large companies of this
country are the Mutual Life. Equitable
and Sew York Life, all of New York,
and the Northwestern. OF Milwaukee.
Wis.
The method of determining the
amount 10 be aprortioned or distributed
TO policy holders in these several COM
panies is regulated in the three New
York companies by the following Ian
guaSc. being nearly the sane in each
of the three:
I'm any distribution of surplus of ap-
portionmcnt of dividend. the principles
and methods which may be adopted by
the company for such distribution or
arpor,ionmcnt. and its determination
of the amount equitably belonging to
any policy. which may be issued under
this application. shall bSkand are here
by ratified and accepted~'
This language does not appear in the
policy of either of these companies, but
mus, hc locked for in the written APP
plicaticn. which is made a part of the
contrac, by The policy Itself. in its very
first clause. y copy of this written APP
p!catlon is not usually furnished by the
above named companies TO the policy
holder.
The language OF the policy OF the
Northwestern governing the distribu
ton OF surplus or dividend. is as fol-
policy Itself:
This policy shall. while in full force.
SHARE In the surplus annually, accord
ing 10 the comrany's usage. at each
distribution after two years from the
date hereof until all contributions to
tho surplus found in the course of max
Ing ouch distributions to have arisen
from this policy shall have been re-
turned
Under this clause of the policy, an
nual dividends have always been dis
tributed by the Northwestern. and have
uniformly been greater by from 20 per
cent. to 100 per cent. than those of any
other company. Where polcy-holders
have applied for tontine policies. divi-
dends are carried up to the credit OF
such policies and compounded. until
the end OF the tontine term; when the
whole surplus, together with the re-
serve, is paid to the policy-holder in
cash, or in any equivalent option which
may be requested by the policy holder.
Each policyholdcr's account is kept
separate. so that at any time he could
be informed by the Northwestern of the
amount of surplus already accumu-
lated under his policy: this NOT being
furnished by any other company, even
upon request. The language quoted
anteed, and no occasion could ever
arise to call for n suit, as its policy
holders are universally satified.
Appended below is n specimen of the
working of n policy in the Northwest
ern, which demonstrates the effect of
the comnany's large dividends, to an
investor. who unsolicited. furnished
the company with this letter. which is
held over his own signature:
REV. EDWARD EGGLESTON'S EN-
PERIENCE WITH THE NORTH
WESTERN
Lake George, n. Y, June 30, 1897.
To the Northwestern Mutual Life In
surance Co, Milwaukee, Wis:
The Endowment Life Insurance pol
icy which / took in your company ar
twenty nine years of age has just been
paid M maturity. and want to express
my satisfaction with the company in
which / have been assured for thirty
one years. The result OF my insurance
is that owing to your good management
my outlay for n policy of five thousand
dollars was twenty-seven hundred and
cighty-threc dollars in premiums of
which l received two thousand and sew
enty-four dollars back in dividends and
have now received five thousand on
maturity.
$1,000 ten-payment Endowment at 81
years. Issued June Is, 1866. at age 90.
10 premiums $2S7.3 .........S2 7S3 90
Dividends received in cash.. 207455
Total cost of 81. 900 insurance
for 81 years and $4,000 cash
at maturity was. 70S4 Az
believe there is no: another company
in the United States can make such a
showing, and l write this letter on my
own motion, not in the interest OF your
company, but in that OF the public, and
especially for those who need life in
surance. This is not an act of friend
ship, but of public duty Yours truly,
EDWARD EGGLESTON.
The INTEREST RECEIPTS of the
Northwestern since organization 90
years. have exceeded the DEATH
LOSSES by over TWELVE MILLIONS
OF DOLLARS-a record that stands
unequaled in the history OF life insur-
ance. d. HUMPHREYS,
District Manager Northwestern Mu-
tual Life Insurance Co. Norfolk, Va.
FREDERICK AUNSPAUGH,
my6-3t Solicitor, Norfolk, Va.