The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-02-04
THE ANNUAL sTArEMENT.
Mutual Benefit Life Insurance Company
Makes a Fine Showing for 1898.

1t would be interesting to know how the
mass of readers of great newspaper are
affected by the annual statements of the
great life insurance companies.
Some read no further than the heavy
head lines, many more are simply stupe-
fed by the array Of figures respecting
millions of dollars, few doubtless study
the statements intelligently. To the in.
telligent reader the annual statement OF
the Mutual Benefit Life insurance COM
pany is most interesting reading. The
company has never made any snowy pre-
tensions, but its worth appears ,notwitn-
standing not only IN the enthqbs aiGare
everywhere, but In such financial state
ment as is made in the advertising col
umns of this paper
value of its stock and bond holdings. Jan
l. 1893 are over S66,0OOO 600; based on the
market value, over S67 $50 900, showing a
substantial increase of $30W,OOQ during
the past year. The company's surplus
shows a handsome increase for the year
of 100000, and is now 1884 lS). This in
of dividends The Mutual Benefit Is one
of the few companies whose dividends
have shown no decrease during the last
year. In fact every one Of the many
policies held by residents of this city have
shown a healthful and satisfactory in
crease of dividends from year to year. the
company having made but two changes
in the basis of dividends for ~ years. The
managers for the company, Messrs. Mae
goWan q McGown have many letters
from prominent men In this city and vi
q number of different companies, stating
that the Mutual Benefit Life has given
them the best satisfaction in the matter
of dividends, liberality Of policy contract
and in the companys generous methods
of dealing with policy holders under all
circumstances.
A comparison of the company's interest
earnings and expenses of management is
most Interesting. After paying for the
latter out of the interest earned, the com
pany has saved for policy holders nearly
S2,0OOQOO, showing q percentage Of saving
to volume Of business unequalled by any
progressive company.
A comparison Of the reports Of the in
surance department of Massachusetts, for
the past five years reveals q stlll more in
teresting fact During those five years
the Mutual Benefit Life has increased the
volume Of insurance on its books by $4G
000 900, It's policy holders have grown FIVE
years older, and yet the death claims paid
in 1898 amounted to only $500, 459, which
is 100000 less than the claims OF last year
ago. This is doubtless the result of the
company increasing care In the selection
of risks, its refusal TO do auy business
outside the healthfu sections OF the
United States, and is practice of limit
ing even the best risks to small policies
Messrs. Mcgowan & McGown and their
corps OF agents are justly proud Of the
any man is inclined to patronize com
pany that for half century has treated
all Its policy holders fairly, whethe r they
have kept up their policies or discontinued
them, and that has at the same time con-
Quoted its business with the lowest ex-
pense rate reached by any progressive
company, while 1t has also been one of the
leaders In interest earnings he can easily
satisfy himself that the Insurance for
himself or friend Is a savings bank ac-
count policy In the Mutual Benefit Life.
The general agency, which the COM
DanV opened I'm this CITY AUrii LOT 1908
has met with such success that IL will bo
made permanent. MeAsrs Macgowan &
McGown are tho managers for the COM
pany's business for central Massachu-
setts with offices In the Day building. No,
3O6 Main street, where they are glad TO be
Of service TO the many policy holders OF
ne company and others Interested in life
insurance.