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About Yale Alumni Magazine | View Entire Issue (Jan. 31, 1900)
A to AIO IM INIT: When ty 181 : The Connecticut Mutual Life Insurance Company, Hartford, - Connecticut. PRESENTS a record of fifty-three years of snseoeatal business ; A large and stable business, confined to the healthy sections ae our own country, secured by ample assets pr oductively invested and of unquestionable character ; A conservative management in all respects; An unequaled record of economy in management; during the fifty-three years of its history the expenses of management have been only 8.89 per cent. of its income; A more conservative basis for future solvency than is required by any State or adopted by most other American companies. IT OFFERS ik just and equitable policy, adapted to all legitimate wants, which gives to each holder the entire and just benefit of his payments. There are no forfeitures at the expense of the poor and unfortunate for the speculative benefit of the rich and fortunate ; A policy which becomes, in case of the non-payment of premiums after two ot three premiums have been paid, a paid-up policy without surrender or care by the insured, for an amount plainly printed on the policy; A ‘policy which may be surrendered at stated terms for a stipulated cash value printed on the policy ; A policy for a definite and absolute sum, not dependent upon post- mortem assessments; A policy the maximum cost of which is known at the start, and cannot exceed the premium named; A policy the cost of which is annually reduced by the surplus earned, in which there are no stockholders to share, all surplus being returned to the policy-holders, and in the per cent. of surplus returned to premiums received it stands without a rival. RESULTS. In its fifty-three years of business it has received from its members, $201,623,446.17 of which it has returned to its members, in payment of Death Claims and Endowments, 111,423,814.04 ; Or 55.3 per cent. Dividends, 58,528,938.90 Or 29.0 per cent. | Surrendered Policies, ; ; 25,055,904.23 Or 12.4 per cent. A total already returned of . : : ; 195,003,657.14 Or 96.7 per cent. While it holds present assets of : 64,187,755.06 A total of ; 259,191,412.20 An excess over the amiouad received of 57,567,966.05 Or 28.6 per cent. a result unequaled by any other company. Its Assets January Ist. 1899, were: Loans upon Real Estate, first lien, . $28,900, 189.39 Market Value of Bonds and Stocks owned, ; 20,405,063.42 Cost Value of Real Estate owned, 10,977,642. 71 Premium Notes, : 904,622.19 Cash in Banks and Office, : 1,688, 745.26 All other Assets, : ; 1,311,492.09 Total Assets, : See $64,187,755.06 Liabilities, : ; 56,665,845.20 Surplus, . | : ) , | ons © , $7 521,909.86 JACOB L. GREENE, Prest. JOHN M. TAYLOR, Vice-Prest. HERBERT H. WHITE, Sec’.
