Wheeling majority. [volume] (Wheeling, W. Va.) 1907-192?, 1913-01-16
(By Harry v. Ross. y.

Madison, Wis, Jan. 16.-Applicatinn,
for state life Insurance made possible
by an act of the 1911 Legislature arc
coming into the office of the state IN.
surance commissioner slowly. This iy
due to the fact that the general ppbrT
Is not familiar with the plan nndor
which the insurance may be furnished
About IS applications have been re-
ceived, accompanied by money to pay Il
for the yearly premium. In addition to
more than 5000 inquiries, not ony
from Wisconsin,, but from various
states have been received, asking for
Information concerning state insurance
and the conditionseunde which it il
That the people of Wisconsin have
not been better informed as to the man
ner in which the insurance is to be
issued is due to thel 'ack of publicity
given the plan, especially by the CAPT
talist press which is under obligations
to some big life insurance companies
of the state Many of the larger news.
papers have advertising contracts
which would be terminated if anything
resembling praise for the plan was to
De printed.
No provision for advertising. was
made by the legislature when the law,
making possible the selling of insur.
ance by the state, was passed. Neither
is fund available for solicitors,
agents or managers. All the publicity
the movement will get is through
those papers which are not controlled;
and by sending out literature explain
ing the manner in which the policies
are issued.
Workers vitality Interested.
It is certain that all working men
are interested in insurance that af
fords protection and devises a way for
saving without the overhead expenses
that are borne by the. ordinary life
insurance companies.
The history and provision OF the
state insurance plan follows:
The state legislature enacted a law
in 1911 establishing life fund to be
administered by the sac without liza,
billy on the part of the state beyond
the amount SNof the fund, for the 'pur,/
pose of granting life insurance and
annuities to persons who at the time
of granting such insurance and annu'
tiles are within the state and residents
of the state.
The state insurance commissioner
was given two years to prepare FORMS
tables and other data necessary to car
~ out the act. This data has been
prepared and distributed to those who
have made inquiries concerning the
insurance. X
Insurance may De granted TO per-
sons between the ages of 20 and 50
years in amounts Of $500 and multi
pies thereof, no more than $1,000 be.
ing granted on any one life and not
more than $4,000 at any one TIME
The following plans of insurance are.
oqered: Ordinary life, 20 payment
life, endowmen emit at the age of 65 years.
10-year endowment and term to
age g..
Terms Of Insurance.
On the ordinary life plan Level
annual premium is charged until
death, and at death $1,000 is paid;
on the Repayment life plan a level
annual premium is charged for 20
years or until prior death, and at
death $1,000 is paid; on the 10-year
endowment level premium is charg-
ed for 10 years or until prior death,
and at death, or at the end of 10
years, $1,000 is paid; on the 'endow-
ment at age IS a level annual premium
is charged until age IS is reached or
until prior death, and at death or at
age IS, $1,000 is paid; and on the
term to age IS level annual premium
is charged until age IS or until prior
death, and $1,000 is paid if death oc-
ours before age 65 is reached.
In planning these policies the insur-
ance department has taken the stan
dard forms issued by legal reserve
companies, reduced them to the simpl-
est terms and offered them to the peo-
pie OF the state at actual cost. The
insurance is issued at the lowest cost
because there are no commissions for
agents; no big salaries for managers
and officers, and there are no big bills
to be paid for getting the business.
The people seek the insurance.; they
are not besieged by agents who get
commissions for writing policies.
Pearson Aand Proudhon, anarchists,