The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-02-27
the highly paid services of certain insur-
ance journals.
Eject on Our business.


the highly paid services of certain insur-
ance journals.
Eject on Our business.
And all this was not without effect. II
hindoTed our business. From 1874 10 1856.
our amount at risk declined from slSs.-
S6oe3 to l5l.Sol.5SS before the tide turned.
DRY rot" was alleged TO have set In. and
the extinction OF the company to be In
sight Meantime We went on educating a
clientage TO the idea of insurance for its
own sake and at the lowest cost. recast orr
premiums and reserves for new business on
per cent interest basis in 1Ss2, and were
laughed at for ft-though all are now fol-
lowing tIat lead-bided our time. and watt
ed for the results long deferred dividends
ready narrated, in steadily diminishing
stream.
Failure of tie sInvestmenf."
As device for investment the scheme
has failed: as device for cheapening the
insurance Of even those who live TO test
the hope deferred. IL has failed For the
simple annual dividends OF the Connections
Mutual, with no speculation In them. are
exceeding the outcome OF the estimates. and
no mans surplus and familys pafd-up
insurance has been taken 10 do IL with.
Let an example serve: Fifteen years ago
one or the deferred dividend companies Is
sued $1,000 15-yesr endowment policy.
at age 80, at a premium OF S6sS50 on an
estimate that the dividend would be s4.eso-
In ITS settlement, rust made, the dividend
was only 5000. Was II worth while, for
this 40 per cent OF an estimate. to run
the risk for fifteen years OF losing an7 The
same year the Connecticut Mutual issued
age, at premium OF ssSe.Oo, annual divi-
bends, which the Insured preferred 10 leave
with the company To accumulate until his
paid, is S5,l63.S0; and neither il nor his poll
Icy has been at the risk OF forfeiture
The Tide Turned.
Our amount in force has slowly risen
from sl5l,SOl,5SS in 1886. to SIG. 56s.6o3; our
assets. from s543Ss. 64995 TO So. ss5. l76.l5:
meanwhile. we have returned 81. 2o2. sao.45 in
dividends. and have increased our surplus
from si557.s7.9l to sI.lsl. 34S.4i. and not
withstanolng the fact. that by reason Of
policy holders, our business has attained
am average age far greater than that OF the
deferred dividend companies. with their
enormous lapses, our mortality has been
FAR inside that predicted by our tables and
which we were prepared TO meet.
That is not the kind Of dry rot that
destroys its victim or impairs its vitality.
IL seems more a process OF sound growth
and fruitfulness than that of decay. 1t 10
not the size OF the company, but what It
does for it's policy-holders. that most con-
Germs them. We have not been racers for
size; we have striven for the highest quail
ity of performance. Those OF our members
who are insured in other companies know
how far we have succeeded. We are many
times more than large enough for absolute
stability Spd for the accomplishment of tina
highest results TO our policy-holders. We
shall be glad TO extend our service TO such
wider clientage as We can secure without
increasing the cost OF our policies either u
the new or TO the $500 present members.
who are our first care.
1t IS with such a history of performance
and of fidelity TO true standards. rewarded
by unparalleled results to our members.
that we offer our service and our siQple
best endeavor TO those whose families need
protection, and who themselves wish that
protection to be secure, and TO pay only its
lowest cost.
Respectfully submitted,
JACOB l.. GREENE, President.
Hartford, Feb. 9. 1901.