The daily morning journal and courier., 1902-02-04
FIFTY-SIXTH ANNUAL REPORT
 OF THE CONNECTICUT Mutual Life Insurance Company.
To The Members;


 your company has, in the fullness o
 strength and in degree equalled b,
 none other been realizing for its grea
 membership the perfect intention ant
 the ideal results of life insurance; ab
 solutely reliable protection to the bene 1 ficiaries needing it, at its actual ant
 lowest annual cost to the person pay
 ing for it, with complete equity betWeel
 the members; and what is of equal mo
 ment, it has steadfastly maintained those principles of administrators
 which are essential to enduring success
 those conditions of vigorous vitality de.
 termined by the selection of sound liVeE
 in healthy localities, low cost of busi | ness, the conservative extent and char | acter of contract undertakings, witt l their proper financial basis and protec- 1 ton, which will still enable it as the years go by to fulfill to the letter, al least cost, and to the highest hope and trust of the dependent family the one
 specific service which life insurance
 Alone among human institutions, can render.
 The Secret of Its Success. It is by resolute adherence to these principles and the maintenance of these
 necessary conditions, against a compe-
 tition inspired by very different views,
 that The Connecticut Mutual has come
 to that estate of solid strength in it's
 membership, health and soundness in
 it's business, it's condition, and that steady uniformity of the best results ich continue to be among the most marked characteristics of it's prosperous and beneficent career
 While others strive for great and rap id growth, regardless of the great cost and enormous waste of business that goes with their fierce competition, and would persuade the public that all who do not adopt their aims and follow their methods are deficient in ambition and energy, your company holds steady to the purpose of furnishing the best that life insurance can do at it's very least attainable cost.
 What better can it do? What other or different thing ought it to strive for? What other or different thing can it, or any other company, undertake with real success?
 The True Aim
 For consider: Life insurance contem- plates and is adjusted to just one end; the immediate and sufficient protection of those dependent ones who are either not at all or insufficiently provided for in case their breadwinner dies, and for whom he can make no other provision at once and can make no other at all except by the long process of yearly savings slowly accumulated in savings banks or by investment in safe securi- ties bearing interest at a moderate rate all subject to Interruption and de- lay by unfortunate contingencies, and to be brought to an end at any moment by his death.
 Life insurance changes all this: It, and it alone among human schemes, the fund which could have been accu- mulated only in a long lifetime, which might never have been otherwise accu at all, which at best could have grown but slowly, and might have been stopped at any time.
 This is the one thing life insurance can do; this is the one thing which nu other device of man can do. Every oth- CT thing that can be done for men with and with their money, can be done and best done by other financial schemes and the institutions designed and fitted to their specific purposes; but this one thing none other can do must he on whose life others depend, use it for their immediate and sufficient protection
 The Limitations of Life Insurance.
 In dealing with life insurance as one of the most useful and influential fac tors in the development of our socio- economic life, it is of the highest inn portance not only to recognize at it's fullest use and value it's true aim and single function, but also to recognize the limitations of that function by req son both of the singleness of the aim itself and by certain incidents insepa- rable from the conduct of the business as a business; which incidents sum up their effect in an expense of manage nent necessarily higher than that of any other class of institutions used for he care and investment of money.
 Unfortunately the business is and ap- can be done only by solcita- ion, which is costly; and it demands he employment of large office and med cal staffs and field organizations.
 While, then. the service life insurance 'enders is unique, it's cost even when Sept rigidly down to minimum, is unique as compared with that of say ngs banks or the investment of money | II ordinary safe ways.
 But because a mans duty to protect lis family is imperative, and because le cannot otherwise rightly and fully |, discharge it, he is justified in mourning | hat expense for that purpose But he | g not justified in mourning that ex- | ense by using the company to do some 1 ther different thing which can be done ! " some other instrumentality at far ass expense.
 Moreover, life insurance company annot undertake the oblgat ions and perations peculiar tn other institutions without using methods and subiecting Is business to contingencies which ontraVene and imperil the very struc- ure imposed upon life insurance by it's wn particular purpose.
 When a life insurance company. in rder to attract business, undertakes to reat it's reserves, created and held for he ultimate payment of all it's insur- nee contracts, as if they were deposits l q savings bank, subject to withdraw l at the will of the deposltor and so to e looked upon by him as an invest