The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1907-03-29
Life Insurance and Practical Gen
eTCSltv


TO- some time past corporations
. and great fjduciary In~-I-ur.on~-a.
presentations controlling nr holding
Va sums Of money nave been rnc
Chief objects of public attention.
iipH"-' men have wcIcun.-d fu:-
. Manifestation OF public interest IL
No I.r"rlems created by madr~n
: m"'h"dS of conducting enormous IN
I ''lHr.~,.s. Ciear-headcd men -ca.5zr
p a. -" -amc time thHr some oI III.
institutions made prominent 10y their
i"r-r'arhlE-s operations and intimate
} relations with me public. are con
Quoted Hy men Of the highcS' iurc--
.I'N and a" performing q public ser
I vice 81 incaIcUlah!" va.I"
! The great Metropolitan Life Irsru,
"nt" Company. Of New Ycrn. - com
luG more and more 10 be rcvu-ulz,G
rs 80 Institution who's. attitude
toward IN" pubic j. nearer 20 thal
. OF generous phiIau,hrUpi,r JhHn an
oppressive capitalist This company
rr"G.s.- n" business Of insurance. iu
va mar can be- Unde-SI0ud by IN"
! ordinary ciuz"n. It estimates in me
"GAj 81 universal experience and .,
pen knowledge tho actual cost e IN
~l~jA- q E.c under given conditions
rAT"t~ a legitimate premium based
upon cost. writes a policy aS definite
and clear rs the simplest business
contract and Jhen pays every GOilag
tn" beneficiary expects or hopes 10
receive
TH.s. OF course. is simply maintain
Ing correct business principles ANU
should call for no more COMMUNICATION
when p-acticcd by a great corpora
ZION fhan u would in the case Of an
inaIViduai TIL" high estimation in
which RI" Metropolitan Life j. held
'oGH-. however. cannot he attributed
&" chc mere fact that it r"fraiU5 from
deceit and meets its Obli2arious. il
j. tn" 10 repeated acts which Indicate
liza; il regards lis millions of policy
holders * entitled 10 sha." from
time I'd lime in its own unaucicipurcG
profits
Ibis unique view Of lis Obligations
l. shoUiG he noted, is NOT The r"sul,
- recon Insurance agitation. bar mas
Zen hid consistently for many
-..lr-. IL has impelIcd tn, company
:" distribute among its policy hold
crS during fhc past twelve Years
more than thirteen millions al dol (
lars
l. has been made known in The
latest published statements OF The
metropolitan Life that all fulI-Iife +.
policy-holdcrs in the Industrial De /
parrment who reached the age of -
in 1896, and all VINO reach ihal age
in 1897. are 10 have their policies
CcnJinUed Tor life without further .
payment al premiums. II = further {
provided ,haI any one holding 4 fuil- .
III" Industrial policy which has been
IN fore" fifteen wears viii ~ III, a.c
of S" receive the amount of The ,,olicy .
in cash
Perhaps no former acr Of his com
r"Ll = 80 significant il This yoluu-
rart generosity toward aged ro-lcv- +
hoit' ~ from whom IL can cNpocr no
,+'u.p' H@a'iU- Tc."ricu~ in the ,i.;I-,
l. j. stated that this concession alone
costs ure company more than a mil
lion dollars. ANY similar gift for i:
purely voluntary -iftl hy an in
!.yidBa. would cause H." donor 20 b..
widely proclaimed a. a leader m
work Ir should nor
=" entirely Unreco@u.Z.d because !.
mara''r from a "cOTpuratiuu
FU-lho~ concessions mad, hy he
Lii" during IruG aaDcr
.H"iT No'n~ puiICE-hoiGcrs- and have
aiken 1hc ShrT" Of voluntary cash
iiH!drnds upon Industrial po,iri"s-
dividends uof promised no~ impIc,:
= I'll" policies. no. Ga~cainod fc.
hoped for or expected hy those wHu
.'c"il" rhon- This j. an i.cm 60.
=ruf";.5jm- Ike rUo millions 81 Dol
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