The Vermont watchman. [volume] (Montpelier, Vt.) 1883-1911, 1901-08-07

ministration of a modern life company
Perhaps no single fact about the COM
pany will secure greater attention from
the public than the fact of its mortality
experience. The business of life COM
pany is to insure lives, and of a mutual
company to do so without discrimination
so far as the art and science of insuring
life admits. 1t therefore seeks unimpar-
ed and healthy lives only and also limits
the ages at which risks may be assum-
ed. This phase of the work is assigned
to medical selection.
The National Life during the past ten
years has averaged an actual to expect
ed or assumed mortality of only Go pei
cent, an exceedingly low mortality, evil
dencing very successful work.
Last December, which closed the com
pany's sem-ccntennlal year, was the
most remarkable four weeks business
experience in its history. There We're
1899 policies issued. insuring 100000. or
an average of IS policies, amounting to
$3.50 90, for each working day. The de-
maud then placed upon the office force
was certainly three times as great as
the customary work entails This mag
nifcent business, however was handled
without error or confusion and all ac-
counts We're promptly settled and bal
ancei at the close of the year according
to tie rule
ne tdDNldted interest earnings lDt
twentY-seVeu companies We're one-tonth
of one per cent lower in 1900 than i'm
$50 The rate tendency for all kinds
of long term trust funds has been down
ward for many years now causing many
of the most conservative underwriters to
reserve on a basis of per cent. Accord
me to tables published by The Spectat-
or. the rate of interest earned on mean
invested funds by the foregoing compan-
its vas 400 per cent 1t credits the Ma
tional with a rate of 531 per cent, most
excellent showing. with one exception the
highest ratio in the table.
James r. Phelps of Boston once asked
the question: do women like insur-
ance?' and it was answered that ovid
ows do" This is very true but it also
becomes the popular and discreet thing
for women to like insurance on their own
account and to see to ii personally that
they have it, The National nsures them
without discrimination Of rate, form or
amount, on the same terms on which it
accepts men. Usually women buy en-
dowments because those provide for adj
vancing age. On the 1st of July, 1901. the
company had outstanding on female lives
2S75 policies, nsuring S4.09S3S7, an exam
pie of high grade provision.
An objection to life insurance used to
exist on this wise, that the benefits pro-
vided by the dead We're too frequently
providence of the beneficiaries or through
the mistakes of bad investments. Pro-
gre5s in experience has cured this obiec-
ton so that it is now possible for the
insured, if he desires, to appoint the
company trustee to pay the proceeds in
such amounts and in such time as he
may direct.
The National Life incorporates this OPP
ton in all its policies, allowing three per
cOmpOuu1 interest uOnai1 hall
ances 1t is the perfection of the poll
cY-hoder's intent.
In its issue of June 6, 1901, The Specta-
tor published in New York and one Of
ne leading authorities on life insurance
statistics. printed a table, showing the
combined death and expense Outgo on
each one thousand dollars of mean in
surance in force for the twenty years
ending with 1900 1t included twenty
eight of the leading American life COM
panies The figures given for the Ma
tional Life We're 5000 per $1,000 and the
average for all the companies, $3.50 per
$1,000. The Nationals average for TWEEN
ty years was identical with its eXper-
fence for the year 1900 namely. 5000. This
represents good. economic results.
GENERAL AGENTS, VERMONT.
Correspondence on all subjects relative
to life insurance, endowments and life
annuities will be promptly and fully con-
siderod by the company or by any OF its
general agents and managers. The adj
dresses of the general agents for Yer
mont are as follows: S. S. Ballard. Mont
peier Vt; r. 5. Peck Burlington, Vt;
w w. Sprague, St Johnsbury, Vt; 2.
5. Kinsley, Rutland VT; r. w Hulburd,
Hyde Park, Vt; II. e. Taylor & Son,
Brattleboro, VT. Home Office, Montpol-
Ter. Vt