Norwich bulletin., 1909-02-17
The Metropolitan Life Insurance Com
nanN

For the Information of its army of
policy holders, the Metropolitan Life
Insurance company, of New York, has
1 issued a statement Of its standing at
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 its
own resources gain steadily in proper
ratio to its increasing volume of bust
ness
The magnitude of the company's OPP
erations is astounding. To fully under
stand the meaning of the figures deal
ing in totals for the year, 1t is neces-
sary to bring them down to the small
est division of time. For example, the
mind can scarcely comprehend the sig
nificaGce of the statement that the to-
tai amount of outstanding policies at
the end OF the year was $1,S61 $50, S03
but we car easily grasp the no less
astonishing fact that during the bust
ness hours of every day In the year an
average Of 6,343 new policies were is
sued and paid for. Every day-tak
ing the average for the year-441 per-
sons received from the company the
full value in cash of policies which had
been carried for their benefit. Every
day the company paid out to its pol
icy-holders and added to the policy
pa ying fund Preserve fund.- more than
s166,GC0. The value of property own
ed and acquired by the Metropolitan
Life during 1908 increased at the rate
OF $127,0 per day. A policy holder
of the company dies every six minutes
and the company pays during business
hours a death claim On the average
every sixty two seconds.
The company owns nearly one hun
bred million dollars worth of United
States bonds, city bonds. and railroad
bonds and stocks: more than ninety
millions of bonds and mortgages: more
than twenty two millions of real es
tate. and much other tangible proper
ty all held as assets available for the
payment Of its obligations. Nearly ter
million policies $3.50. 1861 are carried
by individuals in the metropolitan Life
If these policy holders were gathered
in one community they would consti-
tute a city Of more than the combined
population of the twelve largest cities
in the United States.
It is obvious that the metropolitan
Life is managed and controlled by mel
Of cOnsummate ability, but so are
thousands of business organizations
that never approach this company II
magnitude Of operations. 1t is no
merely executive ability, but the abilit,
70 INSPIRE ana HOIu DuDlC commence
that mas counted most in building u;
this greatest of all insurance compan-
les. The Metropolitan Life deals d.
rectly with the people. It's policy from
the beginning has been one of entir,
frankness with the people. No man
however, unused to the making of bus
mess contracts, Can fail to understan,
exactly what are the terms Of his con.
trast with the Metropolitan Life. Ev-
cry promise Of the company is Sc
down In terms as definite and clear 2
the English language permits; ever
Obligation Of the policv-holde to the
company is equally plain No inflated
premiums are collected for ESTIMATED"
benefits: every payment to the COM
pany represents the lowest cost of bona
fide insurance.