The Havre herald. [volume] (Havre, Mont.) 1904-1908, 1905-11-03
LIFE INSURANCE EXPOSE
Contributed to The HERALD.)

writer seems to advance a step
further in expressing his opinion con-
corning life assurance, than the
reading public has yet been able to
CLEAN from any local paper heretofore:
indeed, the writer portrays a scene
which the writer's for the larger and
leading journals of the country have
as yet, for some reason, not under
taken: perhaps the writer at one
time attempted to follow the vocation
exclusive of any other vocation) of
writing life assurance himself, and
being without a knowledge of the
financial standing of the larger and
leading Old Line Companies, as well
as their unreasonable value to the
American home, attempted to reach
the heart and pockets of the in
telligent and educated people, through
allowing his face to become sloppy
from the tears which he excited in
his own eyes: judge not friendly writer,
lest We be judged.
The system of life assurance has
been vigorously attacked of late, and
justly so, by nearly all the leading
journals throughout the country, but
the article in the Plaindealer, is the
first article which the reader has been
fortunate enough to read, where the
writer believed that he was in a
position to intelligently inform the
public as to how Life Assurance
Agents are today being able to con-
tinue to write business, and at the
same time characterize their methods
in procuring this business: the writer
knows not from what source this
gentleman who writes for the Plain
dealer, forms his opinion, unless he
speaks from experience. 1t is believed
by the writer that what the public is
DESTROYS of knowing, are the facts as
to the Solyency Of these large life
assurance companies, and the results
that are being obtained this year by
pOlicy-hOlders whose policies are now
maturing: below are given the actual
results on 20 year Endowment policies
for $40, 100000 which were issued 20
years ago where the insured was 35
years Of age at the time the policy
was issued, the annual premium on
same being $4S5, to $497, with total
cash value this year Of from $14 100000
to l3,265.00 which gives net gain to
the insured Of $4,284.O0 in the one
instance, $3,307 90 in the other, and in
addition to this, the insured has had
100000 Of sound assurance protec-
ton in whichever company he may
have been assured. One of the larger
and leading companies Of the state Of
New York, has now been investigated
by expert accountants, and impartial
auditing committees, of national
reputation, covering period of many
months. and the report Of these COM
mittees is to the effect that this
company is holding the full reserve on
their policies and in addition to this
they are holding surplus Of upwards
Of $50, 000O 100000: if such is the cOndi-
ton of this company, compare this
condition with that of many of the
Banking institutions which have been
investigated this year throughout the
United States, as well as a number of
the investment concerns, and the
absolute security which is afforded
investors as well as insurers, through
these large Life Assurance Companies
will be appreciated as never before. 1t
has been admitted time and again, by
some Of the leading tinanceers Of this
country, who do not carry a dollar of
Assurance on their own life, that it
is their firm belief that each of these
large Old Line Life Assurance Com
panies, could discontinue business at
any time, and at the same time pay
off every dollar of liabilities against
them: if such a condition as this eX-
lists, policy holders have cause to re-
joice everywhere.
There has been no impairment of
solyency. There has not been a mo-
ment when the policy holders needed
to be anxious regarding their invest
ment i'll these institutions. Indeed
they may now have reason for much
congratulation, inasmuch as the com
panies should be stronger than ever
for the housekeeping which is now
going on, and policy holders may look
forward to increased prosperity, and
better dividends.
The results on policies which are
maturing this year, have been here
given, that it may be known that
there is a difference in companies in
respect to dividends which they are
declaring, which difference is brought