The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1910-01-18
THE CHRISTMAS GIFTS
OF A GREAT LIFE INSURANCE
COMPANY.


politan Life Insurance company viii
read the christmas Announcement.
just issued by that famous organiza
ton with a lively feeling of self-con-
graduation: and even those who have
no personal connection with the COM
pany VIII examine the announcement
with deep interest and appreciation
OF the spirit i'm which 1t Is made
1t is undoubtedly the temper of the
times to condemn more and more the
callous methods of powerful corpo-
rations which secure inordinate wealth
for themselves with no Thought of
benefiting the thousands to whose CO.
operation their success is largely due:
and the public Is quick. on the other
hand. to commend policy quite the
opposite.
The Metropolitan Life Insurance
company. during all the period coy
cred by its remarkably successful
conduct of Life Insurance as a pure
ly business proposition. has created
and consistently maintained bond
of sympathy between itself and the
great multitude of people who are
both contributors to the company's
prosperity and dependent upon Il Tor
their own relief In time OF need This
company has voluntarily paid to its
policy holders. within a period of
seventeen years. twenty five millions
of dollars MORE THAN THEIR pol
IcIES ENTITLED THEM To-tven-
ty-five millions i'm excess of the COM
panys promises or the policy holders
expectations.
The voluntary distribution of cash
benefits that make up with the ex-
ception of four millions added to Re-
serve Liability this stupendous total
has taken place at pretty frequent in
tervals, Whenever period of de-
creased mortality. or of lessened ex-
pense In proportion to- volume of bus
mess. or of excess interest earnings,
has created fund from which sub
stantial bonuses could be paid. II has
been applied to that purpose. fresh
announcement of bonuses payable by
the Metropolitan Life Is now taken
more or less as a matter of course. 1t
Is not spasmodic generosity. but a
consistent policy of the company to
share with its policy holders all earn
PROBABILITIES upon which their
policies are based.
This years Christmas Announce
ment deals with Industrial policies. II
Is interesting to observe the consid-
crate manner In which its benefits
are distributed. An aged person who
has carried Industrial Insurance for
many years Is the one most likely to
find the premium payments a burden,
Hence all policy holders who pass the /
age of Is in the year 1910 receive a
bonus sufficient To pay their further
premiums for full year: policies of
80 years duration are awarded sums
covering six months premiums. and
so on down ID the policies issued be- |
tween 1895 and 1905. which are award
ed bonuses covering five weeks pre-
miums.
Perhaps the most notable award in
this present distribution is the pay
ment of two hundred and fifty thous-
and dollars on death claims that had
already been settled in full between
January /. 1907, and July /. 1909. One
can imagine the conditions that may
have made these unexpected sums
godsend to those who received them
During 1910. each death claim pay
ment on an Industrial policy will cover
not only the face Of the claim tthat
is. all that the beneficiary is entitled
To by the terms of the policy. but
there will be paid an ADDITIONAL
sum varying from ) per cent to 30
per cent Of the claim. according to the /
length of time the policy has been in
force.
Including this last apportionmen,
of bonuses ON death claims, the com
pany estimates its total voluntary
payments from the fund now avail /
able at something over five and Il /
quarter millions of dollars.
1t is fact that many of the old
policies which may mature within the /
year by death will be SO much in
creased and at the same time have
their premiums 50 much reduced that i
the cost of Insurance by the old In
dustrsal policies will be actually less t
than the cost of regular old line par
ticipating insurance according to the !
published rates of the latter. This Is
a remarkable commentary upon the
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