The Bingham County news. [volume] (Blackfoot, Idaho) 1918-1930, 1923-02-02
bEEbE HOLDS !.
7TH ANNUAL W
MEETING
MANY NEW FACES THIS YEAR.
ABOUT SIXTY POLICYHOLDERS
IN ATTENDANCE.
MILLION AND HALF INSURANCE
WAS REPRESENTED IN THE
LARGE LIST OF GUESTS. OYS.
TERS WERE SERVED AT A LATE
HOUR.

G. S. Beebe, commonly called thu
opened his Seventh Annual Life In
surance Meeting and Feed with 9
crowd of 60 policy holders present
many of whom were new faces. His
opening remarks were Life Insur-
ance a Duty" The average man
works to create an estate, and for
food, shelter, clothing and all the nee
essaries Of life, and that's all we are
struggling for. Today the sob stuff''
in life insurance is past, no more do
we sell insurance by dragging up and
down in front of your eyes coffin.
Today we are selling you property in
the Mutual Life Insurance Company,
and I have sold each and every one
Of you present this property on the
installment plan, your policy is only
the preliminary contract The same
as il we had sold you farm, and if
you should die we would deliver to
your beneficiary deed.
Mr.. Beebe then took up the income
interest bearing bond, which today is
proving the best thing in life insur-
ance you can buy. He used a case of
a local man that has $4,000 life pol
icy that at his death will become a
bond, from which his widow will take
from the mails each month a check of
sufficient size to keep her as long as
she lives, and at her death the money
will go $4,000 to each of four chill
dren. That man has protected his
wife and family from the wolves for
a long time to come. Statistics show
the average widow does not keep her
insurance money more than seven
years, and then becomes charge on
the county's hands. He cited a case
Of two policies being left to the wife,
one was cash and was soon gone
through poor investments and the
other an income bond that today pays
all the grocery bills.
Over million dollars in thirteen
years has been invested in wildcat
schemes in this county, which should
have been invested In life insurance.
Mr. Beebe then took up the frater-
nal insurance, and by the use Of
charts proved to the satisfaction CT
his many listeners that ordinary life
was preferable to fraternal, for at
the age of 60, when a mans earning
capacity was at low ebb the fraternal
policy had to be paid as long as he |
lived, the ordinary life becomes due |
and is paid to him in cash or bond |
that he may have the use of it in his |
old age.
The Mutual Life Insurance Com
pany, said Mr.. Beebe, is the eighth |
largest company, has Ia agents in
Idaho, and is growing at the rate of
one-half million a year. The home
office is in New Jersey, and now has
q sixteen million dollar surplus.
Carr Beebe then took the floor and
explained why he carried $4,000 and
why every boy should carry that
amount when he is young. He is cred
tied with the statement that the Jnly
reason he didn't carry more was the
lack of money. Two of his policies
were taken out at the age Of IA, the
other three later, but all five policies
were taken out under the age Of 21.
The average monthly payment Is be-
tween SIT and $18. He gave as his
first reason for carrying this amount
that only five out of 100 men at {
the age Of 65 are Independent and he
wanted to be one Of the five. His
second reason was the duty every I
young man owes to his parents.
Third to create an estate at his death, s
and the fourth reason was thrift for
The saving of this money every month t
teaches thrift. I pay them one moath s
ahead, and paid my January premium '
before 1 bought any Christmas pres- b