Evening journal., 1906-12-24
Imnortant Announcement.
Metropolitan Life Insurance Co.

Of she
Metropolitan Life Insurance Co.
What is in many respects the most
Informing and significant paper issued
lby any life Insurance company during
the present year has Just appoarei
over the signature of John r. Hcseman'
president of tho Metropolitan Lite.
while the communication is addressed
TO the company's agents, and is tn the
mature of review and announcement
Towering matters chiefly interesting 'n
tic field force. IL deserves attentive
Reading by every one who holds on in
tends TO secure a life insurance policy
IL appears that Tho Metropolitan Life
has for some time been engaged In the
lpreuaraton of new mortality taples
biased upon lbs own experience. By
Icomparison of given periods in recent
wears with corresponding periods IN
former years. back 20 1880, the fact is
established that among the companys
lpolicvholdors there has been sufficient
Improvement iu mortality dhat u.s.
SMALLER average Of deaths at various
laees) TO warrant certain changes af-
lfocting future premiums and benefits
lam directly Ca the interest of those in
surcd In the company. With charac-
teristic thoroughnoss and franlSness
these results and changes are speciiied
lin minute detail, not put forth as "es-
lumatcs" or vague promises.
Their signlncanco TO the insuring
hubble is "a reduction in the price of i'm
lsrrance I'm the Industrial Department
and through a readjustmont Of rates
"a
Iof premiums charged In the Ordinary
, Department.
Concerning the policies TO be issued
, lin 1907 this information IS given:
"Our new policies will be found most
r attractive I'm form and even more at
, tractive in substance. They contain all
of the advantages and concessions
which we can afford 20 give and which
the public have the right TO expect
The surrender values will be found 10
, be generous and take the optional
, forms of extended insurance, paid-up
+ insurance and cash. They are the
standard forms Of the New York De-
partment. the work of experts which
has legislative approval They are as
plain 20 the understanding as they can
be made. We have discontinued many
Ordinary Life. Limited Payment En-
dowment and Term plans and we have
applied for permission and hope "a
> issue in addition three plans which the
public have stamped with their approx
al-namely. the Optional Life or En-
dowmcnt. under new name, the Mod
ifcd Endowment with Life option the
Guaranteed Dividend. also under a new
IL. fs.N Fra.
/. anteod Increased Endowment; and The
s Reduced Premium Life under It's new
! name. Life with Reduced Premium az
I ter 90 years"
3 one noteworthy passage relates &c
q the compnny's liberal policy of distrib-
uting dividends and benefits not cons
tomplated in its contracts with policy
holders. President IIogeman asks his
aconts TO note that "Thls year the
company has been dishursing the enOr.
nous sum of about two millions Of dol.
lars In voluntary dividends upon nom
rarticiuating Industrial policies. bring
Ing the total amount Of unpromisot
dividends IN twelve years 90 about ter
millions Of dollars 10 Industrial policy.
holders Ga the form Of dividends OF
premiums. dividends on death ciaiml
policies" He adds. eve have been en-
abled to accomplish this work all thes'
Years by steady improvements I'm bus
mess methods. by steady extensions o
business territory. by steady additions
10 insurance I'm force, by watchfulncs
en- writing and taking care OF business
resulting in decreasing death rate
decreasing lapse ratio and decreasing
&. have announced To you from yoar q
o. ycar. but perhans from this very fact
d their gradual steady prorrcssivcncss-
o. YOU have failed to grasp their fun sig
!. nifcance Yet year by year we hav
a. told you our aim--to reduce expenses
o 10 improve the death rate. to better IN
n policies. 10 distribute the surplus s.
N that each year larger proportional
If amount shall be returned to policyhold
crs and q smaller proporti0nate amour
o used in expenses
% He goes on To- say that although IN
q year Is not ended. the records sho'
10 from July 1st 10 date December list
j. that the company's increase Of Indus
20 trial business exceeded the increase
g. any previous year with the exceptio
- lof two. that i'm the Ordinary Life De
D. lpartment the business of Septemhe
io equalled that Of September 1905, Will
october and November showed larE
ie Increase. and December promises 10 D
il a record breaker" Further he says:
ia Taking the last six months for com
N parison-June 10 November. inclusive
he You wrote more Ordinary than eve
"a was written by the company I'm th
"a corresponding months, and eXceede
1905 by over six millions and a hal
IS and this Il must be remembered
" more than 5000 less men"
-y other matters discussed I'm the ar
IN nouncemcnt are no less interestin
Ia than those referred to IN this BRIEF r.
D view. The entire paper Is commcnds
ri as an educational and timely contr