The daily morning journal and courier., 1906-12-27

Review of 1906 and Announcement for 1907
Bulletin No 475.- New York; December 8,h, 1906

Our Industrial business has been issued for ten know mainly upon abes-Increasing Life and Endowment policies Twenyyear ing proportion, in per cent total business disadvantage
 largely increased the chdren Increasing Endowment policies have payable periods 47 and upwards according Compared the Whole Life tables issued by other
 S'iS the accumuuon or an increase or many millions Of dollars in Unhnking this piles the wealth of the Company forgetting that along
 the increase Of assets runs the increase liabilities and that the wealth of surpus completely
 looking the deliberately kept down our surplus to about ten per cent of our assets by annual dsbu tons of the surplus con rbued to it, Public opinion has changed death benefits than please the public We have Ordinary Life and Limited Payment Life thought preferable Enow
 en we have resolved therefore to discontinue Increasing Life and Endowment policies designed meet the public demand formerly existing believe the first tables really scientifically constructed for Industrial nol cies Our Industrial policies will therefore con tracts But think that to these there signs belief part public that payment of premiums ought to cea with old people any mathema
 ccian evident life insurance the compans ar pay the policies in full on lives of those who die soon after insurance only by the receipt premiums live out and beyond their apparent ship those who live long fortunate which the However it possible of payments and the problem therefore age young as to raise the premiums (wha the ance where the unit the premium and not the amount insr ance) to reduce the benefits unduy to fix the age not old that the benefits the limits payment of premium shall be lost We have fixed D the limit of premiums are enabled to only slightly reduce the benehs during life because have eeved complaints of the necessity upo that And to the occasional complaint that people to such old age, voIuna tariy matter of paid about 2700 policies issued Whole Life after paying premiums for 15
 Constructing table upon four princpes Whole Life instead of Endowmen instead old loading proporoned expenses
 and the payment of premiums ceasing after put forth for 1907 tables department which are better than has heretofore have before this felt it safe issue
 The most striking change in the nfanle table there we substitute Life tables with payment premiums in and therefore enabled pay liability upon the endowment features
 Our nfanIe tables will pay nearly bene fits for weekly premium of for weekly premium of ten that the law fixes maximum benefits payable the
 persistence Thus age entry benefit in of death nine 7Swhe the age at entry dying nine $169 the dying nine is $65 and This additional which have paid by en- terng earlier when death the this no policy will be issued under the nfane tables premium of than five cents And desire for especially in large families table proportonae benefits for weekly premium of three
 Adult tables the same premium based strictly tables of mortality At the increase 12 present Life table nearly IS Increasing Life age 20 the increase respect
 vey 30 the Increase is nearly six cent respectively 10 the increase IS cent respectively comparing tables with Whole Life tables with those of the other Industrial companes) ENgHFz