Evening journal., 1900-12-01

INCOMES
4 Fortune Bought in InStalments,
Guaranteed Incomes Through
Life assurance

Bv means Of life insurance a man may Z
buy in instalments, q fortune deliverable
TO his family at his death, or TO himself
at the emu Of twenty years II he be then
living He makes secure the prize Tor
them. and leaves himself free to run the
race Of life without the anxiety and care
entailed by his fear for their future. His
m.nd is at rest, his capital is free, and a
fortune is practically secured for those he
loves.
In by far the larger number Of cases
the objftf 6f life Insurance Is TO provide
a suitable maintenance for thciwidow OF
the person insuring his life. In other
words, the design is to secure TO her as
nearly as possible so far as her material
comfort Is concerned, compensation for
the death Of her husband. II should be
evident that TO accomplish this end il is |
necessary that the money received by her |
upon the death OF hcr husband shall be
provision that will continue during her
hte
How can lump sum answer this pur-
poseg Unless the sum is so large that |
when safely invested It win yield an in |
come adequate 70 her support 1t is neces-
sary that she should live In part on the
principal Gradually, then, this fund viii
be diminished, and in the course Of time
It win be exhausted, II she could know
what her length OF life would be, she
might readily divide her fund in such a
way as to secure her against want in old
age This being Impossible, she is near
ly certain to suffer IN one or the other Of
two ways. She will spend the money too
fast, and so become destitute when, 10y
reason OF ola age and failing strength.
her needs are greatest and her capacity
for scif-help least. or. ON the other hand.
mpcllcd by the dread Of n dependent old
nge, she will hoard and pinch and de-
prye herself of what she needs. perhaps
with the result that at her own death the
greater part of the fund provided for her
comfort through her husbands self-de-
nial and loving forethought viii gosto
strangers.
Then there Is the very great danger
that the sum realized on an insurance
policy by the widow will be lost in whole
or in part through injudicious invest
ment Ordinarily she is unacquaintcd
with the rules OF business and little cap
able OF guarding her interests against the
designs Of sharpors. II the secrets were
all revealed OF cases where. through nat
ural trustfulness and lack OF worldly
wisdom. widows have cast "all their liv-.
ing" not into the treasury Of the Lord,
but into the Golfers of sleek and sancti-
monious swinders, the story would be at
once instructive and appalling.
To the man who knows these dangers
the question is not so much shall he in
sure his life as how shall he insure his
insurance. For life itself is not so un-
certain as money. Really the average
mans chances OF surviving his wife are
better than her chances of keeping what
he beQueaths her intact and productive.
, Now suppose he desires TO arrange in
advance the Investment Of his estate, TO
whom can he most snfely entrust iti
! Not to individuals, surely, for they may
prove incapable; or il capable, dishonest;
or IL both honest and capable they may
die within few years and the property
fall into strange hands. A corporation,
which cannot die. is indisputably the best
trustee. And what corporation better
than the Insurance company whose sta
. bility and fairness he investigates and
, tests as a policy-holderg Other corpor-
J ations will not guarantee definite returns
] upon trust estates; they simply promise
the best procurablc. less reasonable
{ charges. II only the insurance company
would consent 10 extend its benehcent
relations after n mans DEATH and pay his
/ wife an incomcl
! In theory the widow may herself buy
an annuity. In practice she never does.
She is in no frame OF mind TO reason
) calmly, she knows nothing Of annuities.
tleir logical value, what they cost where
TO buy them. Even if she were thus in
4 clncd some one would over-porsuadc
; her. SO IL she is ever 10 possess the in
, come the husband himself must provide IL
, irreNocahly, trusting To no chance and
snaring her all responsibility. The sim
plest plan would he clause 10 the orig
MAI policy, promising payment not in a
neck hut IN the form Of its equivalent
annuity. This income. however. would
icpend upon her age at widowhood; who
SHOWS what that viii be. or consequently
what Insurance to purchase for a certain
desired result? The vital necessity is
that the income provided be definite.
Vow suppose this has been accom-
pushed and the widow dies soon after the
husband II her annuity be an ordinary
one, ceasmg at her DEATH what a loss
follows! Or suppose she leaves youna
children. DO not they also need protec-
gon nntil able 20 take care Of themselves
lhe ideal policy would impartially pro-
teet al the persons in interest. and would
, avoid uncertainty as to amount of in
come. II would provide that at the in
sufed death. whenever that occurs. his
wife should receive fixed percentage of
the policy, and the same amount every
. year SO long as she lived. no matter how
long that might be. hut should she die
without having received altogether AS
much as the origlnal policy. then hor
children or her estate should receive the
same income year hy ycag until.thc ful
hnndrcd ner cent. coreting thc face
AMOUNT of the policy. shall have hern
paid. This ~otid nr6tAtt thc minority
oi children. II would mean that NOT loss
than The face of the policy could by any
possibility whatever be paid but as much
more than the face would be- paid as the
widow might live TO receive.
SIN one other person needs 60 be- con-
'idered IN this transaction-the husband
suppose he denies himself 10 purchase
J HH.N N.HNI n..H l.