Omaha daily bee., 1912-04-28

I
I S. ~ ~. 80. and with the sum of t3sol.- |
C62,S23 sun held in trust for the surviv- |
ing policyholders. invested. according to |
the laws Of the various states. in inter |
est-bearing securities.
When we contemplate that the Ameri- |
can life insurance success has been !
achieved, not with the aid from states |
nor with aid received from the national
government. as is extended by foreign |
countries to their own home companies
but that our success was attained In spite
Of an unjust and discriminating premium
tax levied by the various states and the
national government. which II applied TO
any other kind of business would have
wrecked H. but that our life Insurance
business has prospered. It must be con-
coded that It stands today as a triumphal
monument to the ability OF the officers
of American life insurance companies
and to the patriotism OF the policyhoders.
who have been willing to endure the In
Justice OF both state and nation while
providing for their own and. indirectly.
for the benefit OF every citizen Of our
common country.
These facts clearly demonstrate that
life insurance today is so interviewer
with the Industrial and economic life OF
the civilized world that no excuse nor
apology for the existence Of the life in
suranee corporations is expected from
man, woman or child of even average in
telliEence. 1t is a fixed factor Of our
daily existence.
The fundamental principle underlying
all life insurance Is based. as history dis
closes. upon the spirit Of mutual assist
ance resting upon the foundation that
one man alone cannot insure his life.
II Is just as impossible to do so as 1t
would be for one man to attempt to carry
letter from Omaha to New York for
cents or to Europe for cents. BY
uniting an army OF thousands and mil
lions for insurance purposes. the death
| losses become equalized and reduced in
cost to a small sum for each person.
Without tho hearty cooperation OF the
policyholders, even life insurance COM
panies cannot exist. corInany may
exist without any individual officer. but
II cannot exist without the policyholders.
This applies with equal force TO all
classes OF companies, both mutual and
stock
Tho average Individual. perhaps. does
not realize that no other agency OF hui
man creation exists. which, at 40 small
a cost, has done so much for mankind:
has had so much elevating power; in
spired 80 much industry and frugality:
/ throws around home and fireside such
an effective cloak Of security. which ban
ishes from the mind Of the breadwinner
all worry incident to a proper provision
| for the loved ones and old age.
Without life insurance the united chart
ties and the poorhouse would have very
| large numbers Of people to care for and
items like the following. making known
TO the world the shortsightedness of
some men and its tragic consequence,
would be largely increased:
CRAIG, Neb.. Dec. 6, l9ll.-(Speclai
| Dispatch)-At S a. m. with little or no
warning. VIII l.. -. living five miles
northeast OF the city. expired lie leaves
a wife and three very young children
| without means OF support. over Sc was
contributed for the benefit Of the widow
/ In short time. The remains were taken
| TO Florence for burial"
| Can you realize how much SO worth
OF charity would buy for your wife and
children compared with what a life In
suranee policy OF from 5000 to $1,000
would do for them In the event Of your
death?
One plan Of life insurance, almost en-
tirely discontinued and which attained
the zenith Of its popularity about twenty
years ago. was the tontine plan said
plan during recent years has been legis-
lated against in the majority Of states
on the theory that il resulted in dis
elimination between policyholders Of the
same class Nevertheless. the tontine
factor In modified forms OF various de-
grees Is stln found In life insurance con-
tracts issued today.
Il becomes quite natural that issue Is
taken as 10 which is the proper plan of
life Insurance There are those who ad-
vocate that the functions Of hfe in
surance company should solely be to pay
death losses. To this plan cannot sub
scribe. 1t would be equally as consistent
TO advocate that We all join one political
party and one religious creed. or. in
other words, that We all become people
with one idea and one purpose in life
My view Of what life insurance policies
should be is such forms Of contracts that
b viii. as completely as possible. protect
the family. not alone against death. but
10 protect also personal future. and bust
ness obligations Of each interested in
dividual. That to my mind. is the ideal
= life insurance contract.
5 II must be borne in mind. however.
q that TO fuInn these requirements with
70 the average man it cannot be accom-
[ plished with one class Of contract. The
r policies will necessarily have TO be as
e varied as are the conditions. cireum-
5 stances and environments OF each per-
= son.
Upon the life insurance solicitor rests
4 the responsibility Of selling life inzur-
D anee that insures and protects. This
] naturally, requires skill and judgmen,
: equal TO that possessed by your coun-
: sslor or attorney.
E The most successful life insurance So
s licitor today is a man possessed Of a
- large amount Of humanity. with keen
E j judgment. thoroughly imbued with ali
E that is best in life and. above all. a man
: OF unouestioned integrity. The greatest