The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1918-03-12
NEW ENGLAND MUTUAL
Great Record Made by Life Insurance
COmpany.


1.-The seventy fourth annual report
of the New England Mutual Life 1n<
surance Company of Boston was
made by its board of directors to
members of the company, January 2S.
A careful analysis of its financial
statement will prove gratifying to the
numerous Kansas policyholders of this
venerab BILE company, which enjoys the
distinction of being the oldest incor-
porated life insurance company in the
country said Frank B. Parker. gem
eral agent
The year 1917 was the largest and
most satisfactory in all the essentials
of constructive development, clean and
generous service in the company's
history dating from 1885. New insur-
ance written and paid for exceeded by
$40, 606,266 the business of the pre-
viouS year, and increased the OutStand-
ing policies to 1915, ,65S, all carried
on carefully selected risks resident
only in the healthiest sections of the
United States. The company has new
er written a single policy outside of
this country.
A remarkable feature of the New
England's business is it's permanency.
Lapse of policies result from dissat-
isfaction of policyholders. The New
England's record shows none of this
class. Its insured members evidence
their satisfaction with the treatment
accorded them by continuing their
policies until maturity or death. With
such an old company there are neces-
sarily many old policyholders, whose
death or police maturity with advanc-
ed age is to be expected, but this, not
swithsta nding total examinations from
all causes last year, was but 30.5 per
cent of the new insurance written dur
ing the year. A net gain of 69.5 per
cent of new insurance issued in any
one year is record rarely equalled-
were paid during the year on policies
ranging from Is days Sudden and I'M
expected deaths) to 63 years in force.
Though 70 per cent mortality exper
fence is considered low, the New Eng
lands actual deaths last year were but
SIS per cent of the expected, due
largely to the fact that IS per cent of
the outstanding insurance on Decem-
Der 81, last, was issued within the last
nine years.
In the company's total receipts last
year the item of interest and dividends
deserves special mention. as the total
amount of same more than exceeded
death claim payments and as compar-
ed with total home office and agency
payments shows about double, though
a portion of the premium rates are de-
signed to cover such necessary over
head expenses.
The company has been liberal in
permitting old policyholders of record
<aPiH U, ~ engage III VI
naval service of the United States
without the payment of an extra pre-
MUM, thereby waving any condition
in their policies to the contrary, and
on new policies issued since charged a
fair extra premium for war service
The Kansas State Agency at Topeka
is now under the management of
Frank B. Parker, who was formerly
General Agent for the Connecticut
Mutual of Hartford, and the offices of
the Company are now located on the
fourth floor of the New England build
ing, the suite formerly occupied by the
Kansas Life Insurance company. Mr..
Parker is pushing vigorously the work
of agency organization over the state,
having recently opened offices and es-
tablished new agencies in Atchison and
Wichita. He advises that he has sew
eral good openings for men of. good
character and soliciting ability either
with or without previous life insur-
ance experience. in territory where the
company is not at present represented.
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