The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-03-18
MIR. DI.EwT,Y COMMENTS
ON slxty-sccond Annual Statement OF
Mutual BcncNt Life Insurance Co.


Life insurance has become the great
est factor In our economies, and that
through the successful combination OF
the functions of n savings bank ana
protection against untimely death.
This dual principle is recognized anu
made practical by the Mutual BENEFIT
more successfully than by any other
company through its unequalled nom
forfeiture system
Az will be seen from the annual
| statement tho Mutual Benefit In 1905
| paid more cash to it's living members
| than was paid in death claims. Thus
the combination OF the savings bank
and lifo insurance principle Is made
| practical, and the members to realize
| the value of life insurance while tho
| insured Is still living.
| The amount of money ultimately IN.
| VOWED In the purchase OF any con-
| siderable amount OF life insurance ~
| so large that extreme care should be
exercised by the prospective policS-
| holder in his choice Of company, ZOE
/ without such care the plans OF n liIc-
time may be frustrated or the family
left pennllcss.
In the Mutual Benefits annual state
ment. submitted herewith. the Items
are so segregated that the details OF
! the cornpany's management become IN.
/ telligiblc to the reader, and every
policy holder, present and prospective.
may know the economy with which
the company is managed. Its progress
and prospects.
The economic ratios show that the
Mutual BeiS:ft used only sb.l per CENT.
Iof the expense provisions of It's gross
| premiums for insurance expenses. saw
; ing therefrom 14.a per cent. Had the
expense element in the premiums bean
r as large as that of other companies,
{ or in other words. had the Mutual
I BENEFIT rates been as high as those %
! other companies. the saving would
Y have, OF course, shown n greater pcr-
= centnge.
) The death losses were about 74.S
: per cent. Of the expected, saving
Of over % per cent. OF this provision,
aggregating over S1.000.0O0.
Interest realized on Invested assets
n was 40 per cent. and that on the most
: conservative Investments. The com.
q pany owns no stocks.
These items contributed the over
: $4,000 900 paid in dividends to policy
' holders.
@ The expenses OF the Mutual Benefit
u have always been well within those re-
= CURED ~ the present New YORK law,
Q consequently the company Is well pre-
:. pared to 1urnlSIl lHSurhHcc At INV
y net cost.
70 This wise and economical manage
s. ment marked the Mutual BENEFIT for
81 distinctions and when troubles came
't to the insurance world this company
II WAS instinctively sought out to recon-
10 mend measures and methods for tho
guidance OF the investigators and law-
Is makers. Tho company gave freely OF
Its officers time and experience for
ne such use as the investigators could
10 make OF this Knowledge and Its mem.
bers now have the satisfaction of being
10 identified with a company whose recor.
and plans have served as model upor
10 which to reconstruct the whole bust
ness of life insurance In America LoN
w -. premiums, annual dividends, econom,
,. Of management. and tho creates
no recognition of the policy holders equi
ties. have served to make the com
~, ~ pany the leader In correct practices.
nr The Mutual Benefit has always don
~ more for It's members than other com
Ill panics, and all signs point to It's abilit,
at to continue to do so.
IA During 1906 our business in Con
en- liccticut was exceptional. and the larg
nc est in tho history of tho agency
10 Without undue effort we received an
~ plications for over $2,0OO,000 OF in
~ surance, and issued and paid for owe
4, s1,750.ooo
,e- j., q, pREwRY & CO., state Agents