The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-11-26
With Its Mask OF.

1.-The following form letter to Wild
ows, whose husbands have dled short
~ before the distribution period of
their poiIcies, is recommended tor the
use OF companies dong a deferred Ill
vldend business:
Dear Madam:-We beg to enclose
draft tor s-in settlement of the
claim under our policy Mo- on the
death of your late husband. We re-
greet that he did not live until 10,
that he might have. drawn his accu-
mulated DIVIDENDS amounting to s..
1t VIII no doubt be "a source of great
consolation TO you in this hour of your
overwhelming grief to know that tais
sum Will be equitabiy divided among
the remaining members of your hus-
bands class. The delicate conSidera-
ton for his fellow pollcyholderS shown
by your husband in thus providing for
the forfeiture OF his dividends in tne
event of his early death will we doubt
not. be held in loving remembrance
by you as d beautiful example of his
nobility of character.
assuring you of our profound SYM
pathy in your great loss. we beg to re-
main.
Yours very respectfully.
. WESTERN UNDER WRITER.
The fine irony of the above lifts the
mask off the system variously known
as 'DEFERRED DIVIDEND" ACCU-
MUTATION PLAN BONUS SUR
VIVIORSHIP DIVIDEND" and other
forms of "TONTINE" and SEMI
|1ONTINE' Life Insurance,
The principle of saving in life insur-
ance ought to be and. by some COM
panieS. is regarded exactly in the same
light as deposits in savings banks.
A law permitting the interest on
savings deposits of the unfortunate
to be confiscated if deposits were not
made regularly for term of years
richment or to swell the accounts of
the more fortunate would be repulsivc.
The MUTUAL BENEFIT Life In
surance Company of Newark, n. l..
THE POLICY HOLDERS COM
PANY" issues a policy that is easily
understood. that adapts itself to the
requirements of the insured. that
states the exact values of the policy
at the second and each succeeding
year.
The management renders an ac-
count to you at the end of each year
+ showing the amount of dividends
earned on your policy. and will allow
you provided the amount premium
be paid to use your dividends either
to reduce the next premium or 10 buy
to hasten the time when yo,.r policy
will become fully paid or mature for
it's face amount and be paid to YOU
in CASH.
ScrupuloUs economy. judicious in
vestment of funds and careful Selec-
ton of risks make "MUTUAL BENE-
FIT policies cost less than those of
other companies
To illustrate the above. the follow
ing history is submitted:
Mr. James A. Cole. Cotton Manu-
facturer of Coleridge. Randolph Co..
n. c., in 1890 bought a 100000
policy on the 20 payment Life plan.
He was offered dividends Cor protits)
beginning with the second premium
he elected to apply them to purchase
additions to the policy. In 1920
years later his policy matured as q
death claim.
The Company paid his estate Six
thousand one hundred and fifty-eight
dollars OR JUST ELEVEN HUN
DRIED AND FIFTY-EIGHT DOL
LARS MORE THAN HIS ESTATE
WOULD HAVE RECEIVED HAD
HIS POLICY BEEN ON THE ''TON-
TINE" OR DEFERRED DIVIDEND
PLAN.
JOHN c. DREWRY.
State Agent. Raleigh, n. G..
f. A. WILES, District Agent. Green's
boro, II. C.