Show FE INS PAS AND PRESENT OV OP GREAT organization POINTS OUT our BEARING OF THE SYSTEM ON AMERICA NEW ANGLES IN INSURANCE NOT nor KNOWN TO GENERAL ri HUC vre EXPLAINED BY ROBERT W huntington editor s note 3 1 men lon who have risen to ti execute leadership in any great comm commercial or professional organ organization iza prove by their very success their ability M i ld grasp of the subject to which their are devo devoted ted ani Is or should bo be a par part t ot of every mans inart a lite life the following by W huntington Hunting toni president of 0 the connecticut general life lifa insurance company Is an ar tide that should command your at I 1 life insurance in this country started commercially about eighty year ago from nothing in eighty years it has grown to an insurance I 1 in a force of fifty billion dollars and the reserve liabilities of the companies with ith the surplus held tor for contingencies IA amounts to olef over seven billion dollars the question arises why has it taken eighty years tor for the public to conle come to the realization of its value and necessity the idea was just as good eighty aars ago as it is now the performance was decidedly inferior starting with little insurance knowledge and a natural tear fear of the IM flown policies were hedged about with restrictions both as to residence travel and occupation and as to the privileges of surrender it payment ceased which while considered necessary at af the time and only abolished by gradual changes certainly must have interfered with its early popularity It rity 1 1 I PS this gradual improvement in the conditions surrounding any and all policies refinements have come in ill tho the plans ot of policies so that whereas eighty years ago you were expected to buy a certain kind hind of policy whether it fitted your particular situation or not ilot now flow the policies have been fitted act 40 all conceivable situations and the agents from being a class of men who learned one story and told it again and again have come to be a highly specialized line of whose lousiness business it is to sell each man the policy which seems to be most fitted to his wants as they and he see then them tho alio bot eliy t customer the commonest demand tor for ansur effice comes of course from the mar efel lie nan n an who must protect his wife and children against the contingency of lut nia ins urAi death in the old days this was as donte dome by insuring his life tor for a lump sura sum usually payable to his wife in the event of his death this lump sum coming into her hands bands was f unwisely invested or squall tiered dered the common way at present Is to leave ani am incomes income to one s wife Ia alle for twenty years certain which should ta take ke pretty good care of the children during their minority 1 and as long thereafter as the beri beneficiary eft shall liv live e i A mans old age mer bier may also provide tor for the com efort tort of their own awn old age as well Rs as the comfort of their families in caso jbf f their death by ay buying a policy ma burng at say age sixty si x ty five and pay ll 11 able in instalments installments in the same manner I 1 it if such a policy Is IE taken out at an it early age the premium Is not much greater than for the ordinary life when to this policy Is added a provision indemnifying Indemnify ing for loss lose of time iline of mare more than two weeks tor for any less or accident and in case of the of the policy fit in force without further payment of I 1 premiums by the insured a mans family family and pors personal onal affairs are covered about as completely as possible li there are however many other u Ks K s to which insurance is put un cpr J r ill alf statutes of connecticut section 4 41 15 pa 4 insurance crimp anies art arf particularly permitted to issue policies payable to any educational ec cia charitable or corporation which IV aich can gaily tat lii ti ii alid I 1 e elv lac testamentary legacies irrespective ot of 0 financial on llie rait pa t of said sad cut pol aj lion in the life of 0 the be person or per 1 s sons ong insured As to business used for or insurance may also be A I 1 I 1 imla i iless le ss business purposes mans credit is strengthened astren gt heried at the carrying ot of a substantial no auk tic by amount amoun t 0 of lito life insurance cor i pora loos tiOng and firms insure the lives f i officers or pait piu iners tor for tho the emont ot tile the firm or corporation the loss which would aou ad aua us mitigating mit gating oe JQ eu entailed by the death ot of an indispensable pen eil sable officer or partner evan the richest men can no longer lead that they have no aed for in estates lave have lost ile hea many aurance ati rance ally fly in ill their because ot of bajas ot of pirl ot of iner estates which had to be made in order to pay inheritance taxes and other charger A sufficient of in ill urAn fco will obviate any loss and will nab lathe tile ears to settle up maters and not be obliged to make any ally forced sales companies have also or of late laie what is known as guu egbu c to lo issue group insurance whereby large bodies I 1 wen such uch as the emp loyes ot of a jingle company can all be insured at i ov ic and either for or the same or varying amounts according to 11 ol 01 1 service or the amount ot of salary these men are all accepted no matter what their age and no mat condition as the risk e er r what their is looked at as a whole aud and it lids 18 1 8 u come pretty well established that any working force in reasonably healthy conditions will give about the same ate ot of mortality that a picked itus ot jf personal applicants will show behind the iorii r what now Is behind all these promises first a body of men trained in the business interested in the busl busi ness and in its usefulness and anxious to serve n next ex t a gradually ed reserve liability scientifically calculated on the basis of 0 the mortality table and compound interest and third the fredual expansion of years and all ot of the learned by the way no sort ot of business 11 has s s shown hewn s so 0 great y as life insurance many companies have gone oat ot of existence existe exist nw enoe either through ugh amalgamation or reinsurance in their eaily years but few have gong gone out ot of existence after a successful career of twenty five years the influenza epidemic a more severe test of their strength hani ban any that has hereto heTe toOl roie e occurred left them with diminished surplus but with increased regard from the public both as to ube fuI ulness neiss and strength they are arc i 1 safeguard to the state it that they encourage saving and distribute prop arty wheat and as most needed A man with life insurance policy is very rarely a destructive agency by owning one he becomes a partner in great enterprises ile he must not destroy these enterprises A well ansur ed community is safe morally politically economically and financially |