Fergus County argus. [volume] (Lewistown, Mont.) 1886-1946, 1900-05-02
EXPOSED
I'm Time to Save the Pub
lie From Fakes.

To tie People @FeygnS County,:
Representatives OF the State Life
Insurance company OF Indiana are
now In Fergus county and Will ap-
proach you ON a gold brick scheme
for life insurance. These men are
sharp, capable solicitors, and a little
rejection on a few points regarding
their n OF t%ransacting business
might result in saving you consid-
cradle embarrassment in the future.
The basis OF their argument IL the
especial contract" that only a "lim-
tied few" will receive special advan-
tages. 1t in hard tounderstand how
n company %purporting to be a ''mu-
tual' "A issue special policies which
favor n few ind discriminate
against others. The gold brick"
company has been ruled out OF sew
eral Of the more important states
upon the ground that this so-called
especial policy" is Illegal. The State
Life Is acOmparatively newcompany;
1t has been re-Organized once or twice
in its limited experience; it only re-
Gently became n legal reserve or old
line company, and it's special contract
is absolutely ridiculous and prepos-
ferrous.
Do not allow yourself to be taken
in" by their nice sounding contracts
they offer to those they call local
representatives.
Our only object in exposing these
men is to protect legitimate life in
surance and to place you ON your
guard against men who are selling
contracts that it is impossible to full
fiji.
The following is clipped from the
recent numbers OF the Policy Holder,
an independent insurance journal
published ut Indianapolis, Ind, 1.-THE
home OF the State Life Insurance
company, wholly in the interests of
the policy holders, and not in the in
terest OF any agent or company:
THE State Life Insurancecompany
OF Indiana has secured most Of It's
business by the indiscrimiate use Of
special contracts in various forms
and for this practice it has been
chased out of Illinois, Ohio, Michigan,
Georgia, Tennessee, Kansas and Ne
braska, where the use Of these con-
tracts was prohibited and held TO be
inequitable, unjust and unlawful.
"In looking up the expenses OF this
company for the year 1898 W. find the
following. The State Life, by dis
counting, as usual, its chips and
whetstones,' income that had not
come in, and that may nevercomein
1t announces n total income Of 1882,
7S7, and acknowledges an actual ex-
pense of Sill, 253, or $5l.4l for each
Flvo ilNoiuts
"By ~deducting the agents bal
ances,' formerly reported as cash in
the hands of the agents. and notes
given for premiums, the acknowledge
ed expenses Of Stiles show ex-
penses at ever a more ruinous figure.
The average expense OF the State
Life for five years has been $3.50 for
each 800 income. The average ex-
pense rate for 1898 for the three lead.
ing old line companies was but $l7.S6
per 800 income"
The figures above quoted can be
verified by the annual statement OF
the State Life Insurance Company oil
Indiana, filed in the state auditors
office at Helena.
Another amusing fact is that for
the year 1899 the Indiana State Life
reports to the auditor the collection
In premiums for the state OF Montana
to be only S2.07y.3O in payment fl
$780,, 900 OF accepted insurance, being
about $3.50 per 81 1000.
WRIGHT Bros INSURANCE AG'CY.