The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1909-02-09
THE METROPOLITAN LIFE
INSURANCE COMPANY


For tho information OF its army o..
\ polie s-holders. the Metropolitan Life
Insurance Company, Of New York, has
Issued a statement of its standing a.
the end OF the year 1908. The facts
\ set forth show that this great insur-
ance organization continues TO carry
more policies and To distribute greater
benefits among the whole people than
any other like institution. while It's
own resources gain steadily in prope.
\ ratio to its increasing volume or bust
ness.
The magnitude OF the Company :
4 operations is astounding. To fully un-
derstand the meaning OF the figures
4 dealing in totals FOR the year, II IS
necessary 10 bring them down 10 the
smallest division OF time. For exam
pie, the mind can scarcely compre-
bend the significance OF the statement
that the total amount of outstanding
policies al the end OF the year was
q, 1861 $50, 500, but we can easily grasp
3 the no less astonishing fact that dur
5 ing the business hours Of every day IN
the year an average OF 6.34S new
policies were issued and paid for.
Every day-taking the average for the
year-44l persons received from the
Company the full value in cash OF
policies which had been carried for
their benefit. Every day the Com
pany paid ont 10 It's policy-holders and
added to the policy paying fund ire
serve fund.- more than $l66.000. The
Z value OF property owned and acquired
H. - a
Increased at the rate OF sl27.000 per
\ day. A policy-holder Of the Company
\ dies every six minutes. and the Com
pany pays during business hours a
death claim on the average every six
ty-two seconds.
The Company owns nearly one hun
cred millions dollars worth OF United
States bonds. city bonds, and railroad
bonds and stocks; more than ninety
millions of bonds and mortgages:
more than twenty-five millions OF real
estate, and much other tangible prop
erty, all held as assets available for
4 the payment OF its obligations. Near
1y ten million policies 1880. 1867 are
carried by individuals in the Metro
politan Life. II these policy-holders
were gathered into one community
they would constitute city OF more
than the combined population of the
twelve largest cities in the United
States.
Perhaps nothing brought out in this
report is more wonderful 10 contem-
plate than the fact that one force OF
executive officers and Office employees
) transact business OF this complicated
nature with so vast a number OF peo-
pie.
II is obvious that the Metropolitan
Life is managed and controlled by men
of consummate ability, but SO are
thousands OF business organizations
that never approach this Company in
magnitude of operations II is not
merely executive ability, but the abil-
fly TO inspire and hold public conf
uence that has counted most in build
ing UP this greatest OF all insurance
companies. The Metropolitan Life
deals directly with the people. Its
policy from the beginning has been
one OF entire frankness with the peo-
ple. No man, however unused to the
making OF business contracts, can fail
60 understand exactly what are the
ferms OF his contract with the Metro
Z Dclitan Life. Every promise OF the
Company is set down In terms as
definite and clear as the English Ian.
euage permits; every obligation OF the
policy-holder TO the Company is equs!
" plain. No inflated premiums are
collected for estimated" benefits:
every payment to the Company repre-
SCENTS the lowest cost of bona fide in
surance.
Instead OF leading its pollcy.holders
10 hope for more than they eventually
receive, the Company has voluntarily
taken directly opposite course
within the past few years IL has dis
tributed sums amounting 10 nearly
eighteen millions OF dollars among its
policy holders in bonuses In addition
70 what the policies promised. This
I has been done under no other obligs4
tiens than a moral conviction that the
Company should share its prosperity
with those who contribute toward its
success,
THE confidence and goodwill Sc
cured urder this enlightened policy &C.
count for the fact that for fifteen con
secutive years. including 1908. the
Metropolitan Life has received more
new business than any other insuT-
ance company In the world.
--