Los Angeles herald., 1910-01-13
THE CHRISTMAS GIFTS
OF
A GREAT LIFE INSURANCE
COMPANY

The policy-holders Of the Metropon1an Lis no
Insurance company will read the CliI I Iistinas
Announcement Just issued by that ihiilous 't
organization with lively feellng ol selI %
congratulation; and even those who nave no
personal connection with the company VIII
examine the announcement with deep ~ lLte!es 81 81
and appreciation of the spirit IN WHICH 1t 10
made. 49,. .,,,eo
II ia undoubtedly the temper OF the times
70 condemn more and more the callous Hetn-
ods of powerful corporations whlch seIute ,t IL ~
ordinate wealth for themselves WIN ~ ~
thought of benefiting the thousands 70 "HO9
co-oneretion their success is largely que; ana
the public Is quick, on the other manu. ~
commend a policy quite the opposite
The Metropolitan Life insurance coiipany' i
during all the period covered by its remark
abI,, euccessful conduct of life insurance as q
purely business proposition, has created anu
consistently maintained BOND OIL hulnaii ~ ~
pathy between itself and the great ihul ulti'uue aS
~ neople who are both contributors 10 tne
oornnanv,s prosperity and dependent upon IL
for their own relief in time or need' rms
company has voluntarily paid to It's pohcH-
holders within period or seYeIteeh ,I Sva' =, =,
twenty-five millions of dollars MOtE 1na4N No
THEIR POLICIES ENTITLED THEM To
twenty-hve millions in excess OF the company
promises or the policy-holders' expectations,
The voluntary distribution OF cash peneIiIs
that make up with the exception or tour mir
lions added to Reserve Liability this stupeh-
dous total has taken place at pretty frequent I
intervals. Whenever a period Oh uecleaseu
Toll of leSSeneu
tion 10 volume of business, or or excess IN
terast earnings has created fund from
which substantial bonuses could be paid 1t
has been applied to that purpose rresh an
nouncement of bonuses payable py tne NetIo-
DoIitan life is now taken more or less as d
natter of course 1t is not spasmodic gener-
osity but a consistent policy or tine company
m share with its policy holders all earnings in
excess of the estimated PROBABILITIES upon
which their policies are based
TrLf Christmas
with Industrial policies. 1t is interesting 10
observe the consderate manner IN Whlch us
benefits are distributed An aged person VINO
has carried Industrial insurance Tor many
wears is the one most likely to find the pre-
MUM payments a burden. Hence all policy
holders who pass the age or 10 IN the year
1910 receive a bonus sufhclent 10 pay tnedp
further premiums for full year; policies OF 80
years duration are awarded sums covering SIX
months premiums; and so on down TO the
policies issued between 1886 ana lsOo, Whch
are awarded bonuses covering HNe "eeAs pic
mlums, 49,, -.
ent distribution is the payment of two nun
dred and fifty thousand dollars on deatn cldlIls
that had already been settled IN duli net"een
January l. 1907 and July 1, 1909 one can
imagine the conditions that may have made
these unexpected sums a godsend 10 those
who received them. -
During 1910. each death claim payment on
an Industrial policy will cover not only the
face of the claim Chat is, all that the
beneficiary is entitled to by the terms OF the
policy) but there will be paid an ADDl-
TIONAI. sum varying from per cent TO 81
per cent of the claim, according to the lehsth
of time the policy has been in force.
Including this last apportionment or bonuses
on death claims, the company estimates IT'S
total Voluntary payments from the tund now
available at something over five and quar-
ter millions of dollars.
1t is a fact that many of the OLD pollcles
which may mature within the year by death
will be so much increased and at the same
time have their premiums so much reduced
that the cost of insurance by the old INDUS
trial policies will be actually less than the
cost of regular old line participating lnsur-
ance according to the published rates OF the
latter This is a remarkable commentary
upon the complaints that are so usual as TO
the cost of Industrial workingmen's insurance.
When one realizes what constant effort and
self-sa crihcing economy are involved in the
eternal Saving up for the next insurance
payment among millions Of moderately IN
sured persons, and what loads are removed
in many cases even by the crediting or small
sums to lessen future payments, 1t is easy to
understand the strong hold that the Metro
politan Life Insurance company mas secured
by its more than liberal methods upon the
confidence and gratitude of hundreds Of thou
sands of human beings to whom 1t Is in very
truth "A light that never falls. ."-lAdv.l