The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1910-01-13
THE CHRISTMAS GIFTS
4 GREAT LIFE INSURANCE
COMPANY

The policy-holder of the Metropolis
tan Life Insurance Company will read
the christmas Announcement just
issued by that famous organization
with lively feeling of self -congratu-
lation; and even those who have nc
personal connection with company will
examine the announcement with deep
interest and appreciation of the spirit
in which it made.
1t is undoubtedly the temper of the
times to condemn more and more the
callous methods of powerful corpora
tiOns 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 a policy quite the
opposite.
The Metropolitan Life Insurance
Company. during all the period cover
ed by it's remarkable successful con-
duct of Life Insurance as purely
business proposition, has created and
consistently maintained a bond of hu-
man sympathy between itself and the
great multitude of people who are
both contributors to the Company's
prosperity and dependent upon it for
their own relief in time of need. This
Company has voluntarily paid to its
policy holders, within a period of Il
wears, twenty-five millions of dollars
MORE THAN THEIR POLICIES EN-
TITLED THEM TO-twenty- mill
lions in excess of the Company's pro-
misses or the policy holders eXpecta-
tons.
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 a period of de-
creased mortality. or Of lessened ex-
pense in proportion to volume of bust
ness, or of excess interest earnings,
has created a fund from which sub
stantial bonuses could be paid, 1t mas
been applied to that purpose. A fresh
announcement of bonuses payable by
the Metropolitan Life is now taken
more less as a matter of course. 1t is
not spasmodic generosity, but con-
sistent policy of the Company to share
with it's policy-holders all earnings
in excess of the estimated PROBAB1-
IJTIES upon which their policies are
based.
This years Christmas AnnYlnce-
ment deals with Industrial policies. 1t
is interesting to observe the consider
ate manner in which it's 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 rs in the year 1910 receive
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 to the policies issued be-
tween 1896 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 1, 1907, and July l, 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 COW
er not only the face of the claim (that
is, all that the beneficiary is entitled
to by the terms of the poIicv). but
there win be paid an ADDITIONAL
sum varying from per cent. to 30 per