Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1906-12-28

premium during the whole fe pay
ment of premiums rs.
We have all of these
policies with rule made retroactive this
year, during full
efts thereafter
We have policies features
way Paidup policies will
after three instead extended insurance will be
the holder and cash
surenders will be paid after 10 years The policies will be in
and attractive FORMS with three instead of two in
order to set forth all of the concessions making the rights of
the pohcy holders so plain that any one VIII De aoe 10 ten w
he entitled And the whole will be expressed in
policy doing with the necessity of of
the apphcaon using the form IN TINS respect or an PocS
which adopted many for policies under $780,
ORDINARY DEPARTMENT.
striking investiga-
ton the adoption of provision restricting for the
first of the life of the policy And what is most interesting
complimentary METROPOLITAN is the fact,
which in the discussion the time of the
us6ed bv the of his in the matter of ex
shown by analysis its annual reports 1t true
that this its almost within the limit
scribed by the new statute But the statute is penal
risk overunning the limit of
This necesate reduction commissions but the reduction
will be much less taan that made by the compa
MES issuing participating policies This will not issue
after this other than nonparcpatng policies In fact
the true sense OF the term we have not issued any oer Tor
nearly fifteen for have often explained the nerme
date and special class policies based stock
participating loading and the dividends promised earned were
expected be derived from the mortality These policies
entirely novel and we had little experience to guide us The in
eredla.e pohces We're based upon our taoe OF NOR
tally designed industrial risks who could afford
pay annual instead OF weekly premiums and the mortality OF
such class could not be foeold The special class policies
for subsandard risks which the mortality could not
be predicted What undertook to do
back to the pocyhoders from such improvement in
mortality should actually
participating policies higher socalled
loading which dividends be earned
special policies
loading principle nonpartcipaing All of
other policies the department by their
nonparcpating justified in the princi
pies adopted fifteen today Armstrong
similar vndi
cation of the METROPOLITAN principles which have
We experience of intermediate
risks which enable nonparcpatng
tables me tables OF premiums as TO these poces nave mere
completely eadjusted We think will find them
most attractive
that henceforth competition
policies Other companies have announced
their restrict their issue to this form. We have
thought well
interest of public which superior BOTH
of the reduction of commission effect reduction of
miu prepared think will be
will
you commissions thought only
interest them which
we % withdraw a which
should able it. And have also
giving them
their We realize that
assistants include the instruction and
the work of the ordinary de-
parmen We all be a[around insurance
them as duty supervision
We have made it
interest well duty
policies most attractive in form and
They contain all of the adj
which
right expect The surrender values VIII be
the optional forms of extended
padup They the standard