Daily press. [volume] (Newport News, Va.) 1896-current, 1906-12-28

found to be generous and take the optional forms OF
extended insurance, paid-up insurance and cash
parment the work of experts which has Legislative
approval They nre rs plain to tho understanding as
pans rs unnecessary, We shall issue Ordinary Life
Limited Payment Endowment and Term plans; and
In addition three plans which the public have stamped
with their approximately. tho Optional Life or
Endowment under new name the Modified En-.
dowmen with Life Option; tho Guaranteed Diyi.
dend also under and more descriptive name
the Guaranteed Increased Endowment; and the Re
Guccd Premium Life under It's new name, Life with
Reduced Premium after 90 Years.
Gentlemen, we are entitled to say that tho Arm.
strong Investigation was vindicntion of the methods
and practices of the METROPOLITAN LIFE The
Armstrong laws are In many respects distinct
recognition of the work have done together these
many years See that you appreciate this fact to
the utmost. Show that you do by making tho year
1907 an unexampled year for tic issue of more poll.
ces for larger insurance. for greater gain for Less
lapses and nottakens, at less expense Mt greater
return to policy-hoders than You have ever done.
Live up to your blessings Show that you appreciate
Your good work OF the past Mako 1907 tho greatest
because tho best year In tho Companys history!
THIS YEAR, 1905.
You have started well. Last year. the yenr of
the investigation, you did the largest business we
hnd ever done. The first part OF this year tho pa
ralysis which seemed. unreasonnby and unnecessnr.
ily to have fallen upon the business In general mp.
pchrod to have affected even you-even UNI
the fuct the ylce-Prcsident appealed to YOU IN
personal conferences with the Supcrintcndents In
little groups nl over the country pointed out to
the facts and conclusions of the Armstrong inquiry
and the results rs embodied in leglslation showed
you the essential approval we had received In our
work IN both departments and asked you to respond
to all this for the remainder of the year by making
the best record you had ever made This was In
May and June 1t would be most ungrateful not to
make this public and general Acknowledgement of
your response to the appeal. and on behalf Of the
VicePresident give to You his personal thanks and
add our official acknowledgements The year. Ia not
yet ended and we cannot therefore tell Etsaa whole
story But for tho months July to November, 4 IN
elusive, compared with tho same months OF previous
years
You made tho largest amount of Industrial In
crease which tho Company ever made. except In
The agents wrote the largest amount of Indus
trial business, average per man, OF any OF the last
ten years.
The average increase per was larger than
for my of the past ten years
The ratio of lapses was the third lowest for ten
years past.
The number of transferred accounts was the low
est for eight years. notwithstanding tho larger
force of men with which we started and the larger
reduction In tho force we have made this year.
The collections were the best In the history of
The death claims reached the lowest ratio for
the last % years--notwithstanding the Increased
average age of the policy.holders
The special salary to agents averaged the largest
amount In the last ten years; and yet we saved
100000 In the total compared with last year.
The saving In total cost In these items alone,
medical fees the cause of reduction in number OF
applcations) Assistants salaries and special salary
was at the rate Of a million dollars year.
We may add that the Pacific Coast kept UP with
the procession by the remarkable feat of covering
for the year the lapse by the earth
quake and is certain to close the year with hand
some increase.
In the Ordinary Department September about
e1naed September of last year, while October and
November largely exceeded the corresponding
months OF last year. and December promises to be
record breaker
And taking the last six months for compa risoll--
June to November, incusive-you wrote Ordi.
nary than ever was written by the Company in tho
corresponding months and exceeded 1905 by over six
millions and half; and this 1t must be remembered
b. more than 1000 less men!
We are proud of this record and grateful
to YOU for your generous response. We cannot say
more than to wish for you and yours the happiest
end most prosperous year of your lives in 1907!
Very sincerely yours,
BE I'D III