The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1905-02-04

rem yet more dependent, has assumed
toward them and toward society itself
I a responsibility not only for their daily
bread, but for all the manifold needs
Of their whole dependent future, which
he cannot shirk and remain a true
man; responsibility which, in the
great majority of cases, it takes his
whole normal lifetime rightly to dis
charge, and one which his earlier de-
cease must leave unfulflIed, to the
great loss and injury Of his dependent
ones. And the risk, the danger of
this loss, rests upon them day by day
and every day. In the great ma
jority Of cas9s there is in hand no
financial provision fully adequate and
available to- replace for all their future
that which This family would lose in his
death. There is but one way in which
| that provision can be made at once and
kept always ready and secure He
must insure his life for the benefit Of
those who will lose by its loss. In no
otherwise can his responsibility be
fulfilled for, their whole future. which
is as much his to provide for as is their
| present.
And it is this which we offer to do
for him, for them; to take his money
while he lives and, to the fullest ex-
tent that money, much or little, ena-
bles US, to provide for them wheeene he
is gone. 1t is sober undertaking; it is
his duty; it is our trust. And because
| it is his duty, and a transaction whose
benefit goes to others but whose burden
falls on him, and in order that the benz
eft may be as great as possible to
those who need it, and that in proper
ton to the benefit given the burden on
| him may be as small as possible, we
offer to do the business on the mutual
plan; to make no profit out Of it for
stockholders, but to charge him pre-
MUM which is certain to be adequate,
and then, year by year, by careful Sc
lection of risks, by proper investment
of reserves, and by economy in ex-
penses, to save as much of that pre-
MUM as possible and return it to him
year by year, so that each year he
gets his insurance at its actual yearly
cost to the company.
And the full meaning Of mutually
/ is, that what the plan does for one it
does equally for each one. It does
! not set up a scheme Of deferred divid-
/ ends for twenty years, make each man
pay his full premium each year re-
gardless of what the actual cost has
been for the year, make him leave
with the company each years surplus
from his premiums, to be forfeited If
he dies or lapses, and to be finally di-
! vided up by the one-third- or
| less-of those who survive and pay
! throughout the term; a speculation by
each one in what he hopes he may not
/ lose but some one else will; a pool to
which all contribute, but which a few
only will divide; a gamble as to who
! those few shall be. True mutually in
life insurance does not thus seek to ia
yor few at the expense of the many
to give the few what the many have
lost. 1t charges each man a premium
proportioned to his risk, and so charges
every man alike 1t ascertains each
year each mans like proportion Of the
1 actual cost Of the whole years opera
| ton; and, returning to each man what
he has paid in excess Of his due part
Of that cost, gives to every policy
1 holder alike his insurance at Its actual
\ cost with no discrimination in favor
of any one, with no hardship upon any
one. Each pays his own actual cost;
l each gets back his own contribution to
the surplus created by all alike.
That is the ideal purpose and that is
the ideal method the actual square
deal"-of mutual life insurance.
How truly and steadfastly The Con-
necticut Mutual has held to these
ideals, and in what unequaled measure
it has realized for its members and for
their beneficiaries their best result, is
told through all its history, and each
recurring year witnesses it anew.
| respectfully submitted,
| Jacob Il. Greene,
! President.
Il ~ -5$#