The Powder River County examiner and the Broadus independent. [volume] (Broadus, Mont.) 1919-1935, 1922-01-13

CARRY ~. ooOos Oo0, 600 OF LIFE
INSURANCE.
by THOMAS w. BLACKBURN,
Secretary and Counsel, American Life
Convention, Omaha, Neb.
Editcr's Note.--The average mans
nowledge of insurance Is hedged with
the single fact that for the payment
OF a stipulated monthly or yearly sum
his cash benefits at hts death. What
the basis Of insurance is. what Its fun
damental principles are. are matters
beyond the average citizen. even If he
he a policyholder. Thomas W. Black
burn. secretary and counsel of the
American Life convention, gives here
with some facts that every man. poll
icyholder or not, should know.
A hduciary financial institution.
which. for three quarters of a century
in America. has withstood every as
sault. weather every panic, outlived
every epidemic and survived wars. ex-
perimcnts, pestilence. litigation and
legislation, has earned. deserves. and
should enjoy and maintain the respect
and confidence Of every ight-thinking
American.
There are Individual banks. firms and
families whose record is phenomenal
in the length Of service they have Civ
err the people of America, but there
are no commercial undertakings in this
young land which can parallel the
marvellous record Of legal reserve life
Insurance.
1t Is the one cooperative corporate
entity. which stands upon so firm a
fOunda ton that it could. and did. face
every fern of disaster without IMPAIR
ment. reorganization or revolution. No
other form of commercial endeavor
has so entrenched itself in principle.
practice and accomplishment. There
have been very few mismanaged and
unsuccessful legal reserve life insur-
ance companies. There viii be others.
Rut the only possible excuse for fall
ure, whether large or small. is weak
ross of management or corrupt manip-
u.ation. The probability of both Is
reduced to the minimum by supecvi-
sion and publicity.
Based upcn an immutable law of
life. as it has been mathematically de-
rermind. life insurance on the legal
reserve plan is safe as an established
government. From the serene heights
of monument builded upon faithful
application of the principles of aver
aee and cooperation. legal reserve life
insurance shines forth in all its beauty
CT benifcence.
Widows and orphans praise 1T. Cap
ital and labor alike are its beneti-
Charles Embarrassed business men
and harG-pressed debtors find it the
friend indeed in time OF need. Estates
huilded and conserved proclaim Its
value. Children educated and youths
started in professions or business,
marks its onward course. Wherever
it is called upon for service. whether
in financing the farmer. building and
acquiring the home. protecting bust
ness. tiding over debtor or saving
an estate from the sheriff, providing
for old age or covering loss of EN-.
rlcyment. without discount, debate OF
delay. life insurance performs 1t:
great duties.
The life insurance contract is The
highest form of agreement thus fal
devised by man. 1t Is the only gain
full undertaking which is not baset
upon the relation of gain and loss
Every other character Of commercial
advantages ccntemplates loss on on
side. If there lie gain on the other
in every step of every transaction. lie
gal reserve life insurance is recur
ring succession of gains.
Actuarially, legal reserve life insIr
ance is a system of equations, The
cretically. every persistent policyhold
or in legal reserve life insurane
company lives out his expectancy. TIL
premiums he pays en- his policy. In
creased by compound interest. are tn
mathematical equivalent of THE SUI
payable at the maturity Of the con
tract plus expenses and. in case G
mutual companies. the refunds mis-
named dividends or dividend additions
When a policy natures by it's terms
the net premium payments and accrt
items are returned to the contribute
Iclicyholder or his beneficiary. Natl
enatically considered. the company
cut no money. the policyholder has ha
protection throughout the term of I'll
contract equivalent in money to h
payments year by year. and the benz
ficiary ia enriched by the amount pal
by the company in settlement Of tt
policy obligation. The communi'
where the beneficiary resides has IL
amount received w the beneficial
added to it's aggregate wealth. The
Is no loss anywhere along the lin
fer each party to the contract from Il
agent who solicits and the medical e:
aminer who examines. to the comm
nifty Of which the beneficiary is a pa
has been &C mpensated.
1t will be urged by actuaries tn
there is loss Of the producing pow
Of a life. where the policy natures
death, but this IL an inaccuracy. VIII
a man dies. another takes his pla'
In the economy Of human life, dea
is merely the fruition Of life. Dea
liz not a property loss. In both the
instances. there II only a partial
complete recoupment to the individt
policyholder. The loss Of time and
destruction Of physical property q
losses to the community which 1t