Twin city review. [volume] (Champaign, Ill.) 19??-1929, 1925-08-21
| ses of Life Insurance;
Why 1t Is Popular
With Rich and Poor

The great popularity Of life insur-
arce is due particularly to two rea-
sans-the defniteness of the policy
contract, and the certainty and
plomp,ness of settlement.
The amount due when death occurs
or the policy natures is not subject
t8 adjustment or bargaining, but IS
definitely fNed and the premium
rates are also definite and made a
part Of the contract, 50 that they can
never be increased. Once entered
into. the proposition is settled and
certain and is something to be ne
pended on.
Life insurance therefore creates an
! estate for a man which is immediate
whenever death occurs. For the poor
man or the average man, this /, tle
| simplest way TO create an estate.
| Does a man need to leave an estate
| There are very few men with ALSO
| lutely no dependents, and every man
| with dependents needs to leave a
large an estate as possible, for the
| protection of his loved ones. There
ale al~ays debts 70 pay, funeral eN-
|
ming expenses for the family during
the period OF adjustment. i any man
| justified in adding the burden Of
] poverty to the heavy burden of sor-
row when he Is no longer there 10
| protect his family or dependents?
| You will all answer a. with one voice,
No, certainly not" And the method
/ is simpIe-take out an Insurance
policy.
The rich man does not have to take
insurance to create an estate but to
create a larger estate. THE more we
have, the more We want applies 10
everyone, and the rich man is quick
to see the advantages of insurance.
For him, there are questions of taxa
lion and exemption To consider; and
| he knows that insurance provides a
means for paying taxes after his death
without reducing his estate too much,
and a certain amount of insurance Isl
taX-free and therefore a fine invest
ment for him.
Some people still seem to feel that
speaking of death invites it, but hap
PLY those people are few and far be-
tween, these days. Preparing tinan-
eally for death makes life itself
easier and sweeter as conscience does
not need to urge and nag about what
the family will do when the bread
winner is taken away, and there is no
need to worry about what is already
provided for.
Then there is the matter of old age
to be considered. Nobody wants to
reach old age and feel entirely de-
pendent ON each other for many things
which 90 to make up full and happy
life, but financial dependence makes
one feel burdened and discouraged.
Nothing is finer than a happy and
mellow old age, and the time to start
to make old age happy is in youth.
Youth is productive-not only in
wealth but also in interests, and the
old man who has many things to in
terest him is the man who broadened
himself as much as possible in his
youth. In the same way, the man who
is financially Independent in his old
age is the man who began to prepare
for it in his youth.
And then the children. What a
step in advance we have made in
providing chidrens endowment in
suranee, which natures at young man
hood or young womanhood-in time
for the serious preparation for life in
the way of education, or for a nest
| egg for business.
No one is more interested in econo-
mic matters than the laboring man,
and members of Organized Labor are
better posted on these subjects than
any other class The Growth nf fra
ternal insurance shows that they real
ize the advantages of insurance as an
economic factor, and now that Labor
has its own old line legal-reserve life
insurance. company in the Union Co
operative Insurance Association, Ma
chinistS Building, Washington, d. c.,
the workers will think more and more
of the uses and advantages of insur-
ance as an answer to their individual
financial problems.