The daily silver state. [volume] (Winnemucca, Nev.) 1903-1907, 1906-01-12
RELIANCE LIFE
INSURANCE CO
Directorate Composed Of Repre-.
sentative Men Whe Value Hon.
or Above MiNions.


an early organization meeting one of
their number said: Gentlemen. let us put
our whole hearts into this work and form
q company which. from its inception,
win be recognised as q great financial In
stitution. and Will uphold the reputation
of its native city as a place where big
men live and big institutions prevail"
His counsel was accepted and the Re-
lance Life Insurance company was in
corporated with a larger original capital
and surplus than possessed by any other
company in the history OF life insur-
anoo
The wisdom Of this course 5 evident.
1t ranked the company Immediately
among the strongest insurance G p
les Of the world. and placing 1t in a po-
sition from its inception which other COM
panies have taken ten or fifteen years
to attain.
1t would indeed b difficult to find .
more representative body of men than
are contained in the directorate of the
Reliance. for they are men than value
honor above millions. being composed OF
prominent attorneys. bankers. steel mag
mates, coal operators and representa-
lives OF other large industries. All the
directors give their services gratuitiously.
neither the presidentn. vice-president nor
any director receiving any fee. salary,
commission or other remuneration, di-
rectly or Indirectly. for their services.
and will not untfl the premium receipts
on the business win justify a moderate
salary for the same thus debarring graft
from the start. 4
h main principle followed in devils
ing their policy contracts was iiberaiiry
as far as consistent with safety. The
contracts are written in plain. simple
language. free from technicalities. and
are readay understood by persons of av-
erage intelligence. covering every con-
tingency' that may happen In any mans
life. being ideal. They a " charged the
highest legal reserve 3 per cent premium
on all policies and have sold legitimate
toned way In the face of the ksensst
competition with old companies with es-
tablished regulations and lower rates,
and new companies Offering various In
ducementns to sell their policies The Re-
lance has carefully avoided ALI so-cailed
schemes Of life insurance. such as pre-
limnary term plan. advisory board con-
tracts stock options date back policies.
utable schemes which some COM
panies are using to get business. but
rhdetulteioasr hddullh rdi d d d d illiuu
| all of which have resulted to their ever
lasting discredit.s The Reliance has care
FLY avoided all deceptive shemes. their
business being conducted open and above
board.
For these reasons the Reliance Life
decided to barge ample. adequate rates
for it's policies: rates hat would stand
for all time. ad to give In exchange the
very best possible protection in the form
of liberal policy contracts which win be
paid promptly hen u without resorting
to q law suit. being backed by large re-
sources osafely Invested In high-class 80
curitie.
The oficers of the compay beig first
class business men. and knowing the
great cost the It would entail upon a
new company to start a business that
required many Offices. with fixtures OF
many kinds OF sundries, and = body OF
~intelligentn men to introduce the COM
pany to the insuring public. would cost
much money so they at once put up 81
100000 to provide for all contingencies
that might arise as q surplus to protect
the policy holders which would debar at
oonce all tricks and schemes that some
new companies have had to resort to to
sustain their business. such ~ IN advis-
DRY board contract. which only ailures to
Destroy for 1t can never be carried out,
and I believe NO homes company has
ever hesorted to n.
Those who nave insured In the Reliance
Life have been credited with q good
DIVIDEND an no part of same has been
used for expenses. Angood companies
that are very careful in the selection OF
their risks the first Few yeaers their NOR
tally IL not more tbs 90 per cent of the
mortality tables. which will enable them
to pay a good dividend az 1t Il from this
source the most money 10 made The
total liability OF the company IL szzz.ss4