Year: 1868

ter for the consideration OF the person who de-
sires to have his life insured; but a good mu-
tual company, or rather mixed company,
managed upon the principle of cooperation


would seem to offer the best inducements.
The profits of these companies arise from the
fact that they have carefully arranged their
tables of mortality that, in insnring per-
sons life, they are guided by experience and
that, in the ordinary course of business, while
they guarantee to the insured the fulfllment
of their contract, they are enabled to accumu-
late a larger capital, which is needed for future
losses In q corporation purely mutual this
whole surplus is applied to the benefit of the
insured, either by dividend, OF by cash, or by
adding to the amount insured without increas-
ing the premium, or by deducting from future
premiums, while the amount remains the same.


OF course, in all this business it is necessary
to have men in charge of the companies of in
tegrity, wisdom and experience. They should
be careful about the investment OF their funds.
1t is singular fact that no well managed com
pany has ever met with disaster In other
words, life insurance, managed according to
the established principles of business, is as Ger
tain an investment both to those who have
money in the business and to those who are
dependent upon its success, as any human
enterprise can be. Another form of in
surance is called the "En dowment Policy"
According to this, the company agrees to
pay the party insured the agreed amount
at a certain age or at death, should he
die before reaching that age. Thus young
man of 81 can insure his life for $4,000 by
paying larger premium, and receive the
amount in 20 or 25 years This gives him
double advantage. IL insures him comfort In
his old age; or, if he should die the money
goes to his family. This form Of investment is
becoming very popular; and there are instances
where policy-holders have received surplus
of all they have paid to the company with
compound interest at 9 per cent, no charge
whatever for expenses or cost of insurance
meanwhile. There is also CASH system,
and "noter system. That is to say
according to the note system, part OF the
premium is paid in cash, and the other
part in a note of the insured. 1t has not
yet been settled which is the true plan,
but we take it that it is better to pay
cash in the beginning than to permit these OBJ
legations to run on and be deducted from the
future amount


We have indicated these plans very briefly
but the result of careful investigation leads
us to the conclusion that any method of
life insurance is good. 1t makes little differ
ence whether it is a mixed, mutual, or a stock
company; whether there is term" policy, an
endowment policy, or a policy payable at
death. The one fact to be kept in mind is that
by life insurance q man who is doing well'
in the world can place himself beyond any
risk in business. His house may burn down. his
bonds may become valueless his investments
may prove failures but instead of being thrown
upon the world as q wreck, and his family left
in poverty, he can place them in comfort.
The duty of every man who is doing well"
now is to look to the future and prepare for
every contingency.