The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-10-08


Active Campaign for Business.
Charlotte. N. c., Oct. 5.-The Con-
sentative Mutual Life Insurance Com
pany, of Charlotte, North Carolina,
was organized in Charlotte on
Wednesday, the 4th instant, with the
following officers:
II. s. Franklin. president; J. n. Nc
Causland, vice president; Chase Bre-
nicer, secretary; A. E. McCausland,
treasurer r. l.. Gibbon medical di-
rector: F. M. Dancy, general man
ager
1t is the purpose OF the new COM
pany to take over the business of the
Eastern Life and to carry on the
work that the Eastern has already
begun in this state.
The capital of the new concern is
to be $1OO.000.0O paid in. and already
considerable proportion of this has
been subscribed by the best business
men in Charlotte. and the balance will
no doubt be subscribed for within the
next few days.
The standing of the men behind the
company and their reputation as
successful business men is a sufficient
guarantee of large and prosperous
business for the new organization.
The organization of the Conserva-
tive Mutual comes at most timely
moment, when the attention of the
people of the country is directed to
the business of life insurance as it
never was before. The South has
been rather backward in The matter
of life insurance companies until re-
cent years, but lately a number of
strong Southern companies have been
organized and they are all enthusi-
aStic over the results attained, and
there will no doubt be a number of
other companies organized In the
South in the near future.
The Conservative Life has gotten
out an exceptionally attractive line of
pOficfeST'3Ifd 3fiey@ IfV designed so that
it is not necessary to be Philadelphia
lawyer to understand their meaning.
The wording is concise and clear, free
from technicalities. and the policies
to know to be as good as anybodys
aud better than the majority of poll
cies issued by other companies.
Que very fine feature that the Con-
SerVative Mutual is introducing IS
what is known as THE Disability
Feature" which provides that if the
insured becomes totally or permanent
~ disabled through illness, accident,
disease mental disorder or other
cause, the policy Immediately becomes
paid up and the insured has the
option of securing an annual income
for life without further payment OF
premiums.
The policy also provides that if the
insured does not wish the annual in
como the policy may be continued and
payable at his death in the ordinary
manner. the company paying prem
iums on same and thus relieving the
insured of the financial burden Of
maintaining his insurance.
The policy further provides that the
insured in lieu of the above may con-
vert half of the face of the policy into
annual income and the other half into
paid up INSURANCE. payable at his
death thus giving him a support dur
ing his own life time end protection
for his family after his death.
This disability clause is attached to
policies without any extra premium
being charged therefor.
The company intends to deposit its
reserve with the State of North Caro-
lima. and on each policy will be a
certificate signed by the Insurance
Commissioner to the effect that the
reserve for that policy is in the hands
of the State This is one of the best
guarantees the insured could have as
it is equivalent to a guarantee by the
State of North Carolina that his policy
will be paid at maturity.
The Conservative Mutual is going
to open branch offices i'm all of the
principal cities throughout the State
as quickly as it can find the men cap
able of handling same.
In addition TO the ordinary business
1t Will push the Industrial or monthly
premium business also.