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title: 'The intelligencer. (Anderson, S.C.) 1915-1917, November 17, 1915, Page PAGE SEVEN, Image 7',
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Inspector General |
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V'jj* A MAN does not provide for his chil
11 ? dren, if he does not provide for all
those dependent upon him, and if ha
has not that vision of conditions to come, and that
care for the days that have not jet dawned, which
we sum up in the whole idea of thrift and saving,
then he ha3 not opened his eyes to any adequate
conception^ human life. We are in this world
to provide not for ourselves, but for others, and
that is the basis of economy."
OUR CONTRACTS COVER EVERY CONTIN
HELP TO THE HELPLESS
On September 13, 1910, the Atlantic Life Insurance Co.
issued Policy No. 11,609, the insured being a life insurance
agent and timber estimator. On pecember 10th, he was
. thrown from a buggy drawn by a runaway horse and in
stantly kj'led. The policy was for ?3,000, and the claim
was paid by the Company promptly upon receipt of satis
factory proof of death. The insured was a widower with
four children, ranging from four months to twelve years old,
and they were left with absolutely nothing except the money
paid by the Atlantic Life Insurance Co. The relatives are
poor, and our agent writes that it would have been necessary
to send the children to an orphan asylum if it had not been
for this insurance.
?i i . . .
This case again exemplifies the necessity and value of
life insurance. The man was poor; there was only one way
he "could provide for his children and that was through life
insurance. He followed the plain line of duty, and, instead
of leaving his children dependent upon cold charity, he left
them independent of anyone's charity.
Atlantic Life Insurance Co.
, F. W. FELKEL, Gen. AgenL
BURR?SS, J H OWENS,
Dist. Agent. Special Agent.
Bleckley Building,*Anderson, S. C.
The State into which during the
last ten years - - - -
THE M?TUAL LIFE
has paid in matured endow
ments arid death claims alone
and in addition thereto has paid
its living policy-holders krge
sums in dividends, surrender
THE MITTDAL UFE
, ; y; ;Mm*mm mmmm !.. mmm ?n M ^^rn^a |
H?jd investments .in South Carolina se
curities and in stocks and bonds of raii
ro?dsi wholly or partly in the Slate o?
South! Carolina, on December 31,1914,
?n addition to the payments niade di
rectly to policy-holders The Mu
Life pays annually intp South Catalina
??iige ?ums of money in r?nt?, shanes,
taxes; medical fees, etc,
|feeMoiiii Life lasBraiie?
?ottipiy, of K?^ Y?rk
D P. SLOAN & SON. Inc;.,
V/itson-Vandivet Bidg., Anderson, S. C.
For any man wCio haB a family and
not a fortune, by far tho most Impor
tant of all Investments is life insur
ance. For a young man who has no
family it ?B a good investment too;
for he can, so to speak, inve3t his
youth and health in it, und later on
,ho may '.:avo dependents when youth
and health are gone.
No insurable man, wlfcv wife and
children who would ec deprived of
their support by his death, can afford
to go without life ir-buranco for a,
day; In fact I belicvo it would bo a
good thing to mako life insurance com
pulsory for married men without for
Eugenics proposes that a doctor's
certificate of sound health shall be a
condition precedent to tho lssuanco ot !
a marriage license. I would make
Vsm prospectivo bridegroom show his
life-insurancD po??cy too. If it Is to
.parents have the interest of society,
that only healthy parents have child- 1
ren it is equally to tho interest ot
society that some provision bo made
for the ci.'iid's support in case the
Haere ia still a good deal of silly1
prejudice against life insurance among
young, sentimental and inoxperiene- |
ed women. They call lt taking blood
money for a husband's'death. That j
is nonsense. If every wife felt that
way and every husband wore guided j
by A wlfo'B feeling, there could bo ?
no lifo insurance and thousands of.
women and children Wf?q are now
somewhat provided for would be
plunged luto beggary.
Life Insurance ls really the simplest
and surest thing In tho world. That
it io not universally so understood
ls largely duo to past. chis of tho
life-insurance companies them30Ives.
In ' tho palmy days before tho Hy-fo
explosion, when tho big companies
were striving to accumulate the great
est possible mass of assets, 'life-in
surance agents seldom clearly explain
ed tr.:o business.
. Ihtead of talking straight life in
surance they talked endowments, an
nul I ties and various othe^ investment
frills. They boasted of their cora
pany*s big dividends; insisted thai the
insured in their company did not
have to die in order to win, and in
general strove to create OA. impres
sion that- a life-insurance company
might be a sort of magic cornucopia
out-of which the poHcy-holdors could !
take more, money than they put:in.
? As practically all life msuranco is
mutual-whether the ' company be
nominally mutual or one with capital
otock-tho policyholders cannot. p?s-,
sibly take out more than they, put
In, plus accumulated interest at about
itou^.pet-oent^Aandiia .?any. fontenot'
straight Ufo insurance you do '.rave
to die order to. win. .'\
A Simple Illustration.
Turn, for example, to ?the vital
statistics of'Massachusetts. You will
find that for years the annual death
:rate per thoncand has never been less
than fifteen or moro than-seventeen.
Suppose the state undertook to - pay
one hundred dollars on' every death.
T? ere would bo nothing uncertain
.about its calculations, lt would say:
j "Not less than fifteen oi more than
seventeen people out bf eyery thou
. sand will. die this'year. To bo on the
safo! side-.we must provide for th?
higher number; which will entail an
expenditure of seventeen hundred dol
lars for each thousand Inhabitant'!.
So we will levy a tax of one dollar
ard seventy cents-on each inhabitant,
and -that will provide, a fund sufficient
to pay one hundred dollars on every
It ls astonishing bow evenly death
falls on people undor modern condi
tions :when- great plagues are un-:
known. In any large, populous area
J (St. about the sa?1? number In a thou-,
sand die eac'.i year. In all civilized
countries, lt is true, the death rato
tend* to tall, but the decline la grad
ual; and it would be perfectly prac*
tlcable to insure en mass? the popu
lation of any state or civilised coun
try, . TAB amount of deaths benefits 'to
be paid could be figu xl put With sub
stantial accuracy'year's in advance.
There Is a great difference,-.hoWever,
in the death rato at different ages*
Tahhv the whole registration aroa of
the United Statca-^that- is, tho area
comprised in those states which keen
vital BtatL'jIcs-pearly one-fifh-ot alt
tho deaths are of infants under ono
year of age. More.than .twenty-s?re -
ou t of every iVundred deathBvaro of
children under five years ot age; ?but
children from five to nlno years of
age- account for. little; moro than, two
emt-of every hundred deaths.
Tho life-insurance actuaries. have
bees ' studying those vital statistics
for a century and checkiD"* un hythe
exp eric nco or the companies. Thus
they 'have constructed mortality:.ta'fte*
that show . with substantial. accuracy
th*? greatest- number of persons '^out
of evory thousand ot a given age 'and
living Under ordinary; conditions, thai
will die in a year. |^nH[
? ' Ot any three policyholders -jai- tho
same ago and in good'health ^on -Jan
uary first ono or two may die and one
aurr?vO? or ail threo may die; or none
may die. Of any tea ttollcyfcolders of
tba same age one may die during the
fear; or eine may die; or death may
tako all ten, or uoh?. . But out of .t??
thousand policyholders of tho same
ago the number that. TVIH die during
the year may he accurately foretold .
The Arithmetic of IttsamBce.
: Suppose. now e hundred thousand
man twenty-one years old-: should gvt
together on January ?rsi &?d agreer
to pay one thousand dollars : te the
heir* of each ot them, who died durr
lng the year. : Turning to the mbrtall
?-?..tiail?'Ah^'.iWifwW': find that seton
hundred and:eighty-five waa ?':e larg
??t?nombOr that would dio in a.year;
se thwy mus? provide that caniber of
benefits--or seven hundred and eighty
five th?iO?hd dolla?? ia eU? '-Meh'ef:
them coatributes wi/on dollar? and
I Man Belie
(Will Payne Io Saturday Evening Post
eighty-five cents, thereby making up
a fund that will surely pay all tVio
death claims accruing during tho
year, There is no guesswork or un
certainty, about lt.
Suppose they wish to continue the
arrangement another year. Tho'death
rate will be a trifle higher that sec
ond year, because h ey aro older. At
tho samo lime thoro will be fewer of
thora to contribute to the fund, bo- .
cau:e of tho dumber that died the1
first year. Consequently each one
will have to contribute a little more
tho aerond year than in the* first.
So'in each succeeding year, aa J.e
death rate mountr. and the number
of survivors declines, the yearly con
tribution rises higher and hihher until
finally there would be a solitary sur
vivor ninety-odd years old, whu would
dutifully pay ono thousani dolla.'.:
Into the fund at thc beginning of '.( e
year, which sum his heirs would re
?oive when tardy Nature finally re
Nobody likes an arrangement under
which ho pays more und more every
year. So the actuaries equate the
payments tho average life would make
and spread ti:em evenly year by
year. Thus-allowing interest at tho
rate of throo per cent, which ls disre
garded In thc preceding -paragraphs
a mon aged twenty-one Is entitled to a
thousand doJlarB insurance for that
year on contributing seven dollars and
sixty-two cents to the fund; but twen
ty years later, when he is forty-one.
he must contribute nine dollars and
seventy-one cents-in another ten
yearB fourteen dollars and eleven
centB-in anob.-Vr decade twenty-eight
dollars and Vuvtso cents.
However If at twenty-ono ho begins
by paying; fourteon dollars and seven
ty-two cents he may continuo paying
thAt same, sum-neither moro nor
less-every year. At first, BO to Bpeak
he pays too m?ch; but as he gets oid
or he pays too little, and the accumu
lated over payments or his carly years
make up ,..the.'-.deficits of hl3 older
I nave taken ; (ll :e figures of tho
American Experience Table of Mortali
ty, which ls commonly used by life
insurance companies, and-have disre
garded expensesfikad fraction?;. There
aro other . tables . yiel ding somewhat
different premiums; but tho ;: main
point Is that insuring lives ls. perfect-'
ly simulo and certain, because out
of a largo,humber of people tho pro
portion thai;Wil?*.Hle in shy. given year
can be foretold with uubstantlal ac
curacy;-'and to, how much. cacO
.One should cohtrlbutp in order Co
meet thu dc-.itlr?:. if mr, that will accrue
In.,any1 y.?ar^'?fct^.in' any number ot
years Is n-merei^batt^-nfarithmetic.
Thoilfo-insdraqce company is mere
ly tho custodian <o?th? fund ?ita policy
holders niake up, in order to pay ono
another's death lelalms. These con
tributions to. ti.e fund aro called pre
Asa matter "of fact all conservative
ly, managed companies base their pre
miums on a death rate considerably
higher than thou actual ono. ; They
want to bo onibe'safQ, side., Also'.they
?dd to'the premVum A certahv "lo?dr
la?" to cover expenses; and th|3 load
ing ls rather' more than expenses ac
tually come to..
Tn short tt/*>y collect from their
pollcyholders^overy year moro' than' Is
really, ncceatary to ineot tho death
claims and psy expenses. And-ino
next year they hand back this over
charge, together with interost, in a
??bate that is miscalled a dividend.
This rebate .lins, in fact, no reBem-.
bianco to a real dividend, but is mere-,
ly an overcharge, cblleotcd In ordor
io keep' on .the e^fc side which ia
handed bock .when the year's business
has shown that lt was not needed*.
,TnlB is straight life insurance, to
.whi?i'. however, a gr?ait many invest
ment features* may no added. Oar
hundred thousand/young mon, referr
ed, to above, find that seven dollars
and eighty-five cents-~>r seven dollars
sad slxtv-two cents if interest at three
per cont bo allowed-will croate a
?(ind , nu ni cien t to pay one thousand
collars to -tire heirs pf each of them
who dies during the year. "But/*
they say, "wo want sometfiing left
over ai. tho emi of tho year.V .
So each of them-pays in two dol
lars more, mid at thc end of the year,
besides meeting all death claims, they
have a fund ?1 two hundred and six
thousand dollars, supposing the bank
In wilki v the. fund ls deposited, allows
them three per cent- interest.
In tho same way tho lire-insurance
company fIrids Out from tts mortality
tables how much you must pay in or
der to carry straight , insurance on
your life. ' Then, if yo? want the com
pany to pay you a thousand dollars In
cash at the end dt^twenty yearsf-o
t^j#fher sum at Uro end Of any other
pert?dr-?i.'will figure Out how milch,'.
ia addition to <iie straight' life prcm.j
lum, you must pay in order.to crea'tp
th? athone >' jrex want io re?oive in the
^.:^..<>-!l.?oa Only Know
.5; Or, if ;? you, want tot . stop paying
premium"*, Ot the end of fen or twenty'
years, tho company can onsily calcu
late How much more you must pay
each year, in Order to accumulate la
ten, or twenty payments a trim equal
toy what' you would nave VpaWVln }t
you (had, continued; paying every' year
during, your expectancy of lire.
AU th?se things are simply invents
me?t tenures added to straight life
Insurance; and straight lite insurance
is nothing more or less, than a mutual
'?g^mwi.' among ,tb?: ?^llcyho
>9 ,contribute in just proportions,
established by mortuary stetietics,
. i fund that will surely me? t the va
rions death claims accruing against
Asuessment insurance ia exactly the
same Sort of mutukl5a*reehient in a
crurte form.. As wfjtfci&f^:^f&
if our hundred thousand yourig men
adopted assessment insurance, and ad
mitt cd no young uowcomora to their
ranks, their payments would Btoadlly
increase year by year, until finally
ono hoary Burvhbr paid in tho whole
amount of his policy.
Generally speaking lt may bo said
that assessment insurance is good for
tho time being, and a man who can
not moot the higher payments of old
Hue Insurance should certainly take
assessment insurance^ but tho insur
ance o.'.'at is based squarely on fae
experience cs! mortality and which
does not depend on the taking in ot
young members is best.
You may insure today and die to
morrow, in which case thc company
will pay you a great deal more thun it
received from you-or you may insure
today, at tho ago of twentyono, and
live to be ninety-five, in which case
you will hove paid tho company moro
thau lt pays your beneficiary; but lt
1B absolutely Immaterial to the com
pany wi.ether you die the day arter
you insuro or livo to bo ninoty-five, be
cause out of all its policyholders on
ly a certain number will die In a given
year and only a certain number will
live to be nincty-fivo. .It gets the
: If, beginning ut twenty-one-or any
other age-you reach Just tho aver
ago length of life you will have paid
in OB much as your beneficiary re
ceives-interest considered. If you
knew you were going to reach Just the
average length of life you would bo aa
I well off to put your premiums in a
savings bank; -tut you do not know.
Hence the noco3sity of lifo iusu'r
RICH MEN ll BIG
The Shrewdest and Ablest of the
Tho late Joseph T. Carew, faead of
I the Mabloy & Carew company of Cln*
! clnnatl, lett an estate of Ute consid
erably more than ono million dollars.
A part of this estate, disposed of In
Mr. Carow's will, consisted of eleven
policies in the Mutual Lifo of New
York. Tho oldest of tkeBo policies
was taken out in 1884, thirty-two
years ago, and tho lust was taken
in 1904, the total insurance lu forco at
tho.time of his doatw being $222,000.
I Tho popular.snppositioik'.ls that men
of wealth do not need lifo insurance;
yet many of the shrewdest of our great
financiers and successful business
men find it to their advantage to car
ry insuranco in largo amounts. Thoy
may'not need lifo Insurance in the
ordinary sense, us in tho case of the
average man who, but for his lifo in
wrance, would probably leave no pro
vision at all for ills dependants; but
men. of largo means nevertheless know
tho ?'. Impertanco of corresponding
amount ot ready funds for the pro
tection .of their estates at the time of
?their death.- If rich men 'died only
when tholr affairs, were,in the mest
prosperous condition, and w> en gen
eral financial conditions wcro . fav
orable, so that pro*>erty and securi
ties could bo disposed of tb good ad
vantage lin the settlement of tho. es
tate, a largo amount of ready funds
would not bo so essential. Dut death
often comes Just when conditions are
the reverse of this, when ready money
! cannot b? had savo at a tremendous
sacrifice of securities, real estate, j or
other property. Tho man of wealth
is usually Interested in many enter
prises and projects which aro in an
uncompleted state at tr.-J timo of his
death. Undertakings .raich could
have, been handled and brought to a
successful Issue had ho lived may
end in great loss in the event of lils
untimely death. It is thoo that large
nu:oun ts of ready money are needed to
save; tho estate from disaster.
Haere is another point for the mau
ot wealth to consider. Rich and
prosperous'today, his family-would be
amply provided for in o>\s? of his
death; but no maa can say what his
condition may bo a few years hones.
It ls no burden upon the rich man to
make certain provisions against tho,
.contingency of -alB death when re
verses ?have come. This certain pro
vision be may make from bis presen;
-"?bunrlapco by'paying the premium on
a goodly amount of Ufo Insurance.
The insurance' will likewise be a pro
vision for his own old age, should
fortune desert him in his declining
yeara. If, on 'the other hand, pros
perity attends him through all'., bis'
days, as In- Mr. Carew's case, it is.
probable that no part of bis estate Will
?how a better return than his invest
ment tn life insurance.~-!?ducatcv
Monthly. , ]
Leaves Sure Estate.
Loewenhers, Columbus, Ga., insured
for $35,000; "I consider policies is^
.sued by first class old-line companies
tn? only-safe and absomto?y ?suiro
?state a man may leave to' his family
after death' '..<.. A man using all of his
capital in' his bu si noss,- it. Ia duo to
his family to pr?vido sufficient Ufe in
ks u ran ce to protect them from want.
Kany business concerns wound up
alter death l?avt? the widow and chil
dren" penniless. 1 consider policies
held in first class old-lino companies,
in addition to fte Insurance feature,
firctclass paying investments. Ma
tured polic?as held hy nts hava, :*o,
proved themselves. . Every man ?hou?d
carry some msora?ce."-The ?peetar
tor. . .'y.''/'-;
SomO mon say. they wUl ?be govern*'
ed by your advice-bat you kino*.
Whet King David said all mon were.
THE SOUTHEASTERN LIFE
You're a perfect man physically
You hope to remain so- ?
You may be disappointed
Better stand an examination today
You want thc best policy your money will buy- . -
Every living person is sure to die
Delays arc dangerous
THAT'S THE COMPANY.
The best policv for you
THAT'S OURS. .
/ THATS BUSINESS. .
You would be surprised to kiow how little money would
be necessary to protect your family or estate. If you would
like to know without committing yourself, Till these blank
spaces and mail to
Southeastern Life Insurance
HORACE J. McGEE, General Agent
GEO. W. SPEER, . C C. GRIBBLE,
Special Agent Local ?gent;
. Anderson, S. C.
My f?ll name is..:...............
Occupation ....".. . ...
Town.... .-Y.... . . State.. .-.
I was born on.... ?.day of. . . . .. .. . 191. . .
Insurance of any Hind distributes losses so thal tho full Weight
does not fall upon.one person. A. man .Insures bis house.. lt
burns. He. collects twenty times more than he has ???ld. Bul
(hose who havo paid premiums f?r years and years, wi'.liout collect
ing, really ay .toe loss: Any man. can thus enjoy the bohellt or
h ol j) from his more'fo'/unate fellows. Tho wonder is that ibero
are men. wjhs do ?ot avir-.uicnieeiYCB of this tienent; that there are;
men who foolishly bear all tho risk themselves when hundreds and
thousands would cheerfully share lt with-them. Whtiu you analyzo
ft that ts what all Insurance ls-collective effort, all Kelping in time
of need. -
. But there is moro need to urge life ln<iuranct> ?ban fire^naurf,',
ance. ; .Many men see the immediate need of fire insurance,' whoV
think little ot providing for their familles by means of policies pay*
able at;their death. This has recently been doeply impressed up
on us hy the death of a brilliant mas whose family 1B today depend
ent upon hts brother for dally bread. A few dollars a month, a
.lew dollars a year may stand between a man's widow and want,
Today she is a. cherished wife, with tho comforts of homo and an
unfailing provision of food and clothing; tomorrow a sorrowing
.Widow, /without homo, Income, or opportunity,
Some provident men buy land, or mako other investment, against
tho posslblo day of need, when tho breadwinner ls no more, arid tho
mother and cbildreu are left to taco tho storm without a pilot. . But ;
if the land was bought'on time what provision wan made for pay-,
menta coming due and accrning interest? ?f none? then perhaps
all. that was paid of rooney from the toil of lils body may be lost
and the family in as dire want an though no thought had been talton
for. the. morrow. If, however, that thoughtful man had mingled;
intelligence with his industry he-would have made such provision'
of insurance that the payments on the land might be made from tho
We write of tLis tor lt is tue commonest experience of life and
ono too often unprovided for.
We are not in tho insurance business and it dees net concern es
whether our readers Insure with a. company in Atlanta, Columbia,
Sumter. Manning, or Now York, but it,behooves eVery inan, single,
or married, to get insurance for the salt? ot thone who ft?.ve a right,
or may have a right to expect or him that superior-buViiness for?:- ?
sight that becomes a man:-Editorial, "The Herald," Manning, S.
C., October 21st, 1916.
lt the same of ihe "brilliant man whoso family ls today depend
ent open his brother for dally bread9 and tho facts In connect hm
with the ease were.published.they weald hardly be believed. jj
' If l'?U were to die today would your widow be "without home.
Income or opportunity P
THE MUTUAL BENEFIT LIFE INSURANCE
M. M, Ma.ttisoii, General Agent
; C. W. WEBB, District Agent." '^m$m
J* ii Trowbridge, C. E. Tribbl??;
W. R? Osborne,
BlecWftjfeEhilding Anderson, S. ?Mm
booklet ?The Story of the little ?ray gMulrrel,"
rJf lif?restlnj? "Bcd Ttae Tales for little Polka'*