The Detroit times., 1911-09-12
MUST LIFT RATES.
iCoatlaaed from Page ons.I

/ TO be made so that the position OF
fTaeturaI obiiEattons An that class
might be known. 10 distrtbute such In
forum ton % the view OF the different
tents and 20 prepare. and submit 70 "a
Great Commander. plans for the tsad-
1ustnsent OF the tmembershtp IN Class
/. upon a solid and permanent OASIS
Your officers Aaye carried out yo Sa
called you together To consider the re-
suits OF their labors In the hope that
from the discussions OF this deiibela a.
tive and legislative body s5sr1 m1 10
fnG bestsinterests Of the society.
IL may not be out OF place that
brieay call your, attention 20 the re-
Tory Of the society. and the plans sub
mifted 20 remedy the defects which
time and experience show to exist In
The plan upon which the society Vas
The valuation was made as of Jan. !
last By Abb Lands. and showed that
al that time the society had outstand-
Ing u Glass ssi sd ties, sSe Sres.
ent value OF such insurance on the
whole life basis was S45,007,9ls, hnd
that upon basis OF IL assessmcnts
annually. at the present at o1 ali the
future contributions OF our members
would show a prospective deficiency
OF s2s.124,l5O; or to put the mater
81 the society on the basis or IL as
aessnnerits would enable the society 10
pay about SOC on the dollar OF It's la
bliities Under our present ,,a plan % ,S S
those who died in the next few years
would receive the full face OF their
certincate, while those who lived De-
yond that time would either Ds eo IN.
pelled 70 pay an enormous price Tor
their protection or receive nothing.
With such a condition confronting
MS Ia the near future, the society can
have but two courses to follow. FIRST:
IL must call n constantly increasing
number of additional assessments AT
its present rates. or IL must rea 1jnsI
its rates upon such e basis mat ~
msturc practically all its obligations
Aiihongh we have called an assess
ment every month during the year
been insufficient to discharge the death
losses and other obligations accrning
durinE the same space OF time, ana X
w.u b necesssTy int, IN the vsry msa or
doublo-headers. with all their attend
ant evils During the present year 70
the FIRST day o. September the receipts
81 se4t,s4s a. The gross amount OF
ifsrurr cd deata losses during fhe same
length OF time has amounted 70 W.,
O00 OF these losses stt,ioSSy nad
previously been discharged in Old age
and disability claims, leaving he net
nmount OF losses 10 be met from the
assessments OF the current year, Ssos,-
Sole. During the same lenEia 5dp ~
Uonnl old age and Disability losses
anlounting 10 S110.I4s.3f. or a total OF
Incurred liabilities during the eisht
mentl.s q ss.o Ss,s can't On ribuainns of
429 6917b, which amount has been paIo
from fhe accumulated funds OF the
rol Ths ,heorv upon which this society
was founded IL wrong. Experiences
ma 40 proven IT, We do not have TO
consult men learned In insurance hat-
fers. nor the experience OF other so
cietics Our own records snow con CIV y.
rivsiv that no society caRsFexist In
definitely upon a current cost nasis.
nor uion basis which collects less
than tho present and future cost on the
There must Inevitably come a. time
when the massIng OF members In TIE
advanced ages OF life. produces so
heavy death rate that tne eosS rsI
rate This society made no provision
for the future IL collected from It's
members each year only sufncient 70
discharre the obligations Incurred that
YEAR though each year added another
q, the lives OF it's members. and
hrourht them that much nearer 10
death. with every recurring Year, cur
obligations were that much nearer 70
maturing. and no provision made for
their discharge. and consequently the
cost Of carrying protection lncreased
from year to year 3The history OF tnls
rncletv has been parallel 20 that OF
All ether societies OF a like nature.
whatever theories we may possess.
fhs bhid fact still remains that the
rost OF protection II regulated py
All classes OF men at equal age. have
An equal chance OF death, and an equal
chance OF life. The cost TO the society
gln each case IL exactly the same. Inc
aiue to each member IL exactly the
same. therefore every member at every
same age upon the assessment plan
should pay exactly the same price for
hIs protection; fTatsrna a, , ,os,s
nal that one man should obtain from
his members the same protection for
less money than the rest, yet under
bur groups 10 whom the society IL
promising exactly the same benefits,
who are all paying different price for
the same thing.
In the present year we Will have not
less than IL assessments which, at
would be sl2.OO. Take age so for IL
NARRATION: The average cost 20 the
society for the three years OF 1908,
Der who entered in 1881 contributed but
1890 n year. the member in 1891 at
the same age, contributed $500 a
wear, and the member who entered In
1900 q year,--a gross inequality, al
thoffgh-ti1st cost In the same.
Many societies have been compelled
10 re-rate In the past, or change their
rlanE 81 doing business During the
current year the Catholic Order of
Foresters and the Modern brotherhood
nave adopted the National Fraternal
congress Table. The Modern Wood :
men Of America. the giant OF all fra
tcrnnl societies. has called special
fQnvention 20 meet at Chicago In ian.
nary. 1917. Tor the purpose OF niaeGne
IT, membership upon sound basis
other. rocieties. OF whom 7 have n
tnowiedre. but which II would no nm.
lair 20 name IN advance, are takIn,
stems 81 like nature
desire 20 call your attention aiso
~ the Mobile Blli. hearing the an.
,rovai Of the Commissioners OF Insur.