The Dawson news. (Dawson, Ga.) 1889-current, 1910-06-08
LIFE INSURANCE PROVIDED
FOR MAN OF SMALL MEANS
From the Atlanta Constitution.

Life insurance for the man of mod
crate means-the laboring mantle
man who is not financially able to in
vest his earnings in an insurance
policy which requires the payment
of a big annual premium, has been
provided at last by the organization
of the Westinghouse Life Insur-
ance Company, of Georgia, which has
its headquarters in Dawson, Terrell
county.
Intent upon selling the largest pos
sible policies and thereby securing
the biggest returns the insurance
companies which have done business
in this state in the past have concen-
trated their efforts upon the business
man the banker, the capitalist, the
man who was able to buy insurance
by the wholesale and to pay big pre-
miums on it. The big city has been
the center of their activities.
Man Who Earns Small Salary.
In the meantime, the man who
who needs insurance most of all, the
man who earns a small salary and
whose death or physical disability
means actual want and perhaps star
walton or the poor house for the fam
lily, has been neglected and forced to
content himself with the prospect of
being able to save enough from his
salary to shield his wife and chill
dren from poverty when death or
misfortune has laid it's hand upon
him.
But the scope of the insurance
field is by no means bounded by the
limitations of the cities. In the
smaller towns and cities and in the
rural districts of Georgia there are
hundreds of thousands of lives that
are insurable, and the only reason
they are not insured is because in
surance companies have been busy in
writing big policies, and big policies,
as a rule, are beyond the reach of
the laboring class.
Realizing this fact the Washing
ton-Lee Life Insurance Company was
organized as an old line life insur-
ance company, and will put energy
into the intermediate class of insur-
ance which is designed especially for
the man who cannot afford to spend
the bulk of his salary in paying pre-
miums on life insurance.
intermediate insurance means. the
writing of policies of not less than
500 and not more than $500 on one
life. 1t means that the man who
cannot afford to buy $1,000 of in
surance, even of the cheapest pre-
miums, which vary from $24 to $26
per thousand (taking the cost at 35
years of age as a basis), is afforded
the opportunity of buying the inter-
mediate class of insurance in amounts
of 500 up to $500 at the rate of
$3.50 per year, or cents per week
for each 500.
According to His Means.
The rate on intermediate insur-
ance is, of course the same that It is
on any other kind of insurance, but
the advantage lies in the fact that
a man may secure insurance accord
ing to his means, and is allowed to
pay premiums in proportion to his
salary.
While the company will write the
regular standard forms from 81 900
upward, particular attention will be
paid to the intermediate class.
The brilliant prospects of success
which lie before this "home insur-
ance' company is apparent when it
is considered that this class of insur-
ance in Georgia has been practically
untouched. The northern companies
which write the intermediate class
have not had time to go into the
smaller towns and outlying districts.
The opportunities of the city have
been too enticing and the harvest has
been too great.
Insurance reports show that in the
state of Georgia there are 1,161,818
lives that are insurable, of which
only 112,881 are insured, or 9.72 per
cent. BY those figures it is clearly
shown that in Georgia there are to-