The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-01-24
NOVEL INSURANCE POLICY A ME
MORAL OF R. w. GLIDER.

colored glass. This is tho story OF n
different kind of monument--a memorial
which will continue forever in the ser
vice Of others, thereby symbolizIng she
life which It commentaries
Insurance folk have long known thar
a great mass Of people, struggling
under the burden of paying life insur-
ance premiums, do so only to have the
beneficiaries fail to secure the full BEN
eft that was intended for them in the
end Either overwhelmed with the I'M
wonted size OF the check placed sud
denly in their hands, the benehciarics
administer 1t i'll advisedly, or. some
times 1t is like this:
"Your husband is dead" comes a Ger
tain type of undertaken to the urde-
Tended presence of Mrs O'Shaunnesscy.
Too bad too bad! 1t leaves YOU all
alone in the world. with all these little
mouths to feed-yes? But he had an
insurance poicy--ycS? That gave you
somcthing-yes? 1t was enough,
enough to carry YOU along--ycs? An,
that Is very good, Mrs. O'Shaunncs-
sey. And now how about the funeral7
it Is very sad hut We have to think
about the funeral. Shall 1t be-"
How much is il going to COST" she
asks between sobs. we are poor. %
poor! I have all OF these chldcr to
! tend 10. you know. I cannot he ex-
pending much money. 7 must liNt"
But Mrs. EiCkeys husband down tho
stree had three carriages an = mission
furniture coffin. You gotta have car
riages, Mrs. Shaunnesscy --outta re-
spcct. O course, if you want, you can
have just tho plain pine coffin like they
bury en- in for potter's field"
| That finishes II. of course. She must
not only have tho piece of mission fur
| niture but the carriages as well Her
family Is q large one 20 probably she
decides on six carriages. From tho
| SS5 she was sure she couldn't afford
her account with the undertaken swclls
10 $3.50. Perhaps when Il Is paid there
Is balance for tho benefit Of the little
ones; what tho breadwinner had meant
and worked and shaved to effect. Per-
haps.
II was TO the end Of creating a pro-
tective policy, one which should he is
sued under such conditions as to guard
against possibilities of the kind that
men like Joseph II. Choatc, DR. Alber:
shaw, Austen g.. Fox and K. G.. Cholmc-
iey-Jones have sought to establish a
memorial to the poet Richard Watson
Glider. tho late editor Of the Century
whose life was largely dedicated TO the
service Of other people. The result 10
the Glider weekly income policy, re-
Gently authorized 10y the Insurance DE-
partment OF tho State Of New York.
The Glider policy provides for the
payment of O certain sum down upon
the death of the holder and the pay-
ment of tho balance in weekly install
meuts thus in a way prolonging the
income of the person who has died
for period Of tifty-two weeks. Thus,
IL the undertaken or any one else n
tempted to run up an eXorbtaut bill
with the family IL is at least with the
knowledge that he will have to wait
some time before It is paid; also that
those weekly sums are more than likely
to be eaten up by the f. mly for sup.
: port and sustcnance and that the
chances arc good for It's never being
, liquidsted.
, For this very protection a clause n
$ the Glider policy reads a. follows; ma
+ assignment. hypothecation or sale II
= TINS poicy. or OF tine whoic or any par;
Of the sums payable hereunder. IL paid
after the death of the insured. shall he
valid or binding upon the company"
= investigation mas revealed that two
thlrds OF all those VINO apply for as
= slstance DO 80 only during the hrst yeai
atter the death OF the bread winner
. rms II is believed is signihcant of tht
tact that the money when comes TO the
family IN the form OF policy Is used
up In an eXtravagant funeral service u
), eNaporates through lack of knowledge
q OF no" to administer the FUND. II Is
also indicative OF the fact that tn
d money Is needed as udeover and tina
thirds or TINS mourning population
a manages 10 get on It's teet after th'
hrst year. through the insurance De
- partment Of the state OF New Norl
the issuance by insurance companies y
9 TINS special form or policy has beer
authorized.
Q Inc Glider policy tends to regulate
the dimensions of the funeral expens'
automatically and provides small
. weekly sum to supplement for a yea'
that income OF the one who hal
r stepped out forever from the famil,
circle. by the elimination OF the agent'
L commissions on this one special form q