The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-05-20
The average age of members at the
close of each year since the organization
of the Association is as follows:
Average

Question 4. Reasons which have
prompted the Association to abandon its
original plan of business and the status
of original policy holders in the company
who decline to enter into the new plan
and surrender their old policies and upon
what basis such original policy holders
VIII stand in the future in reference to
their insurance in the Association Wheth-
er their assessments will remain as they
now are, or whether they will be ad-
Yanced in the future; also what portion
II any, of the reserve fund will be kept
separate and apart for their prCtection?'
Answer. (a) Reasons which prompted
the association to change its plan of bust
ness. For several years prior to the adop-
ton of the new plan, the inability to sell
the old policy increased, until it became
impossible to write new business on that
plan-oWing to adverse legislation and the
PreJudlce directed against 1t, and a prob
able increase in the mortuary assessments
in the near future. The trustees carefully
investigated and considered the matter.
anu adVlsed with actuaries most highly
recommended, with the insurance com
missioner and attorney general of Min
neSota, and, with the attorney Of the as
soc1at1on, and as a result, concluded that
the future prosperity Of the association
and the interests of all of its members
would be best promoted and conserved by
change to the present plan, which was
approved by the consulting actuarv Mr.
Fackler, and by the attorney Of the as
Soclatlon, and not only approved but its
adoption earnestly requested by Mr.
Dearth, then insurance commissioner for
minnesota, and the action of the trustees
In making the change was ratified and
connTmed at the annual meeting of mem
bers held last August; OBJ Status of
original policy-holders in the company,
who decline to enter into the new plan
ana surrender their old policies, and upon
what basis such original policy holders
VIII stand in the future in reference to
thelr insurance in the association; Wheth-
er their assessments will remain as thev
now are or whether they will be advanced
In the future. 1t is my judgment and be-
IleI mat Il the Notwithstanding members
on the old plan stand together and give
the association their support thew will he
continued on the mortuarV assessment
plan and as they die, their respective
families or designated beneficiaries will
receive prompt payment of the fnii
amount guaranteed by the membership
ceft'llcate the same as in the past Ac to
the guaranty trust fund and mortuarv re-
serve tund, the members holding the old
Poilcles Will stand upon a basis separate
from that of the other policy-holders AS
10 the other funds of the company and a.
20 20 t .Io III the management and control
OF the AFFAIRS of the association-except
the reserve fund to be created SOLELY ana
quit up, by the policy-holders under The
new plan-the interests of all of the mem
perS uhder Doth plans will be more or less
interviewer, but in just what respecfs ana
10 the exact extent, 1 am unable To state
Ihat, so far as the finances are con
ceIneo, Is matter to be determined bv
adjustment and apportionment from wear
10 year OF the company's receipts and dis
purSements, between the different nIans
or classes of insurance. 1t has become
an admitted fact that neither the Rankers
LIE Association nor any other cOmnanv
dolng business on the mortuarv assess.
ment plan, has ever, in the past, made its
assessments upon members large ,enoupS
10 pay the actual cost Of the insnranee
II IS more than probable that an incraa so
IN the number of yearly assessments mon
members continuing on the old nlen will
become necessary. (c) What portion If
any: OF the reserve fund will be kent SEN
dISte ana apart for their protection? The
articles of incorporation (Artfc1e ne
which can never be amended vjtpoIt ~ ~
written consent of every member1 ratnir<
lnat al OF the guaranty trust fund and
no1luary reserve fund shall he bnI7 -
inc protection OF members on tha old
Pan f1lo mat no part OF the same can he
1 ISeI eAIept Tor the payment of death
losses. IL y likely the mortuarv reserve
,Cnd VIII be drawn upon to aid IN +be
payment OF death losses at the CO i'm III the tte
assessments are increased, to make the
assessments as few as possible but in do
lnS SO, due regard must be had eor AZ
protection, not only of the families oS
heneficiaries of those who NAV die 6nrint,
elther one year two years, three wears 'o1
ten years from that date but for the
IanllleS and beneficiaries of those even
70 the last one, who may not die until
tnlrty or more years from now II will
not DO to Graw from these funds without
regard to the amount or the rights Of on
OF the members insured on the old olan+
for the man who shall die last Is enti+iaS
to protection by these funds lust as ro1icb
as any other member ~
Except as otherwise stated. the fore