Evening journal., 1900-11-14
GUARANTEED INCONES
Importance Of Providing FOR Old age
Emphasized by Mao, Governments

vide a suitable maintenance fer the
widow Of the person insuging his life
In other words, the design Is to secure
to her as nearly as possible. - far as
her material comfort is concerned
compensation for the death Of her hus-
band. IL should be evident that TO ac-
complish this end 1t is necessary that
the money received by her up-n the
death OF her husband shall be a provi-
sion that will continue during her life.
How can a lump sum answer this
purpose? Unless the sum iss large that
when safely invested it will vi Id an in
come adequate 10 her support II is
necessary that she should live In p2rt
on the principal. Gradually, then. this
fund will be diminished. and in the
course of time II will be exhausted II
she could know what her length OF life
would be. she might readily divde her
fund In such q way as TO secure her
against want In old age. This being
impossible, she Is nearly certain 70 suf-
fer In one or the other two ways She
will spend the money &c fast. and so
become destitute when. by reason cf
old age and failing strength. her needs
are greatest and her capacity fer self
help least or on the other hand inn
PEELED by the dread Of a dependent PSI I'd
age. she will hoard and pinch and de-
prive herself of what she needs. per-
haps with the result that at her own
death the greater part OF the fund pro-
yided for her comfort through her hus-
baad's self-denial and loving fore
thought will go to strangers.
Then there is the very great dan
ger that the sum realized en- an insur-
ance relicy by the widow will be lost
IN whole or in part through lnjudicious
Investment Ordinarily she IS unnc-
quainted with the rules of business
and little capable OF guarding her in
terests against the designs OF sharpers.
If the secrets were all revealed uf
cases where. through natural trustful-
ness and lack of worldly wisd ON, Wild
ows have cast "all their living" not into
The treasury OF the Lord, but into
the ccffers OF sleek and sanctimonious
swindlers. the story would be at cuce
instructive and appalling
To the man who knows these dan
gers the question Is not so much shall
he insure his life as how shall he in
sure his Insurance For life itself Is
not so uncertain as money. Really the
average mans chances OF surviving his
wife are better than her chances Of
keeping what he bequelths her intact
and productive
Now suppose he desires to arrange IN
advance the investment Of this estate
to whom can he most safely entrust It.?
Toe 10 tn n1r
may pr.ve incapable: or. IL capable
dishonest; or If both hnest and Capa-
Bile. they may die within a few years
and the property fall into strangr
hands. A corporation which carnci
die. is indisputahly the best trustee
And what corporation bettcr than tho
insurance company whose stability and
fairness be investigates ard tests q
poiicy-hcldcr? Other C1rpuratiuns viii
not guarantee definite returns upor
trust estates: they simply promise th.
best procurable less reasOnab,'
charges, Il Gully the insurance company
would G nsent 20 extend its benaficcn'
relations after a mans death. and Iay
his wife an income.
In theory the widow mny herself
buy an annuity In practice she nevei
does She is in no frame q mind to
reason calmly, she knows nothing oi
annuit!es, THEM Ngical value, what
they cost, where to buy them. Even
if she were thus inclined someors
would OVER persuade her. So II she Il
ever to,possess the income the husband
himself must provide it irreyocably
trusting to no chance .and sparing hel
all responsibility The simplest plaI
would be a clause to the originalspOl
icy. pr missing payment. not in check
but In the form of its equivalent an.
nuity. This income. however, would
depend upon her age at widowhocd
who knows what that VIII be. or cOnse
quently what Insurance to purchase
for a cCrtai1 desired result? The vita
necessity is that the income provided be
definite.
Now suppose this has been accom-
plished and the widow dies soon after
the husband If her annuity be an or
binary one, eeasing at her death, wha
q SIS follows. Or suppose she leaves
young children. DO not they also nee
protection until able to take care o.
themselves? The ideal policy woulI
impartially protect all the persons IL
interest, and would avoid uncertainty al
to am unit of income. Il would provide
that at the insureds death, wheneye
that occurs. his wife should receiv
o fixed percentage of the policy. AM
the same amount every yparso lcngds H.
lived. no matter how long that nigh
be. but should she die without hhyiol
! received altogether as much as IN
original Folicy, then her children q
her estate sh uld receive the same H.
come year by year until the full bun
| dred per cont. covering the fac
amount of the policy, shall have bcei
paid This would protect the mnorit
Of children. II w-uld mean that no
/ less than tho face Of the policy coul
by any possibility whatever be paid
/ but as much m re than the face woul
be paid as the widow might live 20 re
ceiye.
Still one other person needs to b
considered in this transaction-th
husband Suppose he denies himsel
to purchase idemnity fer his dea
ones. and comes 10 old age means iIn
paired Ought not an annuity the
accrue TO him or Jointly o. his VIII
and himselfg Il would sseln ilir. an
a wise precautions Now let all thea
equities be preserved, and the large'