The independent. [volume] (Lincoln, Neb.) 1902-1907, 1904-04-21
Bankers Reserve
Life of Omaha
From a Eastern Viewpoint.
An editorial in the April is
sue Of the leading Insurance
Journal of Philadelphia is here
reproduced.


little injunction which at first sight
looks like a contradiction in terms.
Not quite SO, however, as its purpoTt
is generally understood; the meaning
is perfectly clear; the advice rendered
is most excellent; and wise men in
variably act along the line suggested.
Nowhere is its practical wisdom more
patent than in the creation and SUBJ
sequent upbuilding OF life insurance
company. Some organizations of this
category have gone upon different
tack; they made feverish haste; their
advent was heralded with great
blare of trumpets; where are they
now? RELOCATED (most of them) to
the limbo of things dead and forgot
ten. They made haste" but not
Slowly" and their brief career re-
minds one of the words, went UP like
rocket, and came down like stick
In striking contrast to this sort of
thing has been the six years record OF
the Bankers Reserve Life Insurance
Company of Omaha, Nebraska. Its
managers have never sweryed from
the path of safety; they have rigidly
adhered to the wise and sound policy
of building up the company's business
with an ever present view to it's per-
petuity. If any evidence were needed
to prove this assertion, it is abund
antly furnished in the extreme uni
formity of growth which has charac-
terized it year after year. To illus.
trate: The company's premium income
for its third year was $7O,465; fourth
year, $111,3 fifth year, $179,509;
sixth year 1s03), $244,343. By the
way, the premium income of the
Northwestern Mutual Life for it's
sixth year was $97,929; and that Of
the New York Life for its fifth year
was $12O,491.
Here are few items of satisfactory
progress made by the Bankers Re-
serve Life in 1903. A gain of $1,677,-
600 was made in the outstanding in
surance-the total on December 81,
1903, being s6,911,5O0 Increase iii
premium receipts, s64,S55; in assets,
$113,7 in amount of securities de-
posted with the state of Nebraska,
$50, 000-raising the total Of this item
to 800, 450; excess of income over dis
bursements, $l97,954. We give the
subjoined extracts from the sixth an
nual statement of the company as OF
December 81, 1903: Death losses re-
ported or unpaid, none. All other OBJ
legations unpaid, none" The high
class character of its business is seen
in the average amount Of the policies |
in force, which is over $500. Presi- |
dent B. IL. Robson and his colleagues
are to be congratulated upon the COM |
pahy y past suetcSSlul ItfOTu, also on |
its present healthy condition; and,
furthermore. upon its bright promise
of continued prosperity. That PresI-
dent Robson recognizes and apprc-
ciates the able and energetic support |
of all his co-workers Ii attested by /
some OF his remarks there anent, adj
dressed to the company officers. field
stan and policy holders. Here's an
extract from same: you will kindly
accept my thanks for the loyal. faith-
ful. cordial support rendered IN the
Grand work. The success attained rep
resenia the combined energy. lniiu-
ince and contributions OF officers. fcId
STAN. employees and policy holders.
together 10 further the in
eresta OF the Institution. No COM
,any ever had more loyal. enthusiastic
ind friendly policy holders Insm-
lnce News. Philadelphia. PA.