The ledger. [volume] (Gaffney City, S.C.) 1896-1907, February 16, 1906, Image 9

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1906 I 1845 THE MUTUAL BENEFIT LIFE INSURANCE CUMPANY of IVowtii'k, IV. JT. In Account with its Policy-holders from 1845 until January 1, 1906. Dr. Cr. To amount received By payments to Policy from Policy Holders since date of organi- 53 Holders since organi zation : zation $ 279,421.621 For Policy Claims . For Surrendered S 129,543,662 07 To Balance . . $48,674,022 08 Policies . . . For Dividends . . 34,595,249 64,829,592 45 14 Amount held for future payment . 99,127,139 95 $ 328,095,643 61 1 $ 328,095,643 61 Accumulated for the Benefit of Policy-holders over and above the money received from them “Bare of Draperies Theatric But Clothed With Accomplishment.” “Praise seems almost superfluous when bestowed upon an institution of such recognized merit as the Mutual Benefit Life. Holding a conspicuous place among the leading institutions of New Jersey, its record for years—in fact, we might say during the whole of its more than sixty years—has been one of successful progress aud of unwavering adherence to the upright principles which the company adopted at the beginning of its career. No inducement, however glittering, has ever been able to move the Mutual Benefit from its safe and wholesome doctrines. While conscientiously .avoiding the least departure from its old established maxims, the Mutual Benefit has, nevertheless, gained in strength year by year, with a regularity which, if 'monotonous, was certainly the monotony of excellence.—New York Insurance Journal, Dec. 1905. t Statement of Premiums and Dividends, Policy No. 45,605. Life of William M. Brooks. Issued June 28, 1867, at age, 33, Amount, $20,000. An nual Premium, $696.00. Plan, Nonf. 20 Payment Life. : : : YEAR DIVIDENDS 1867 $ 1868 1869 1870 257 00 1871 *291 62 1872 1873 1874 1875 1876 1877 1878 1879 1880 1881 1882 1883 1884 1885 1886 1887 1888 1889 1890 1891 1892 1893 1894 1895 1896 1897 1898 1899 1900 1901 1902 1903 1904 1905 177 48 188 00 201 80 *403 60 246 00 259 80 274 00 289 00 Dividend of 1879 and those of subsequent years 131 78 payable in cash Dividends in black being on Poli- 134 88 cy in its paid up form. 8616 61 56 6300 6468 72 00 7404 8198 8400 8616 88 32 90 60 93 00 95 40 90 72 93 00 95 00 97 66 100 08 71 04 72 84 74 76 76 68 78 60 80 40 Total 12 Full Premiums $8,352.00 Total Dividends 4,826.78 Net Cost $3,525.22 ♦Double Dividend. By reason of the non-payment due June 28,1879, the above Policy became reduced by its terms to a Paid-up Participating Policy for $12,000 or 12-20th of the original amount. This policy can be surrendered for cash value of *3 481 86 Net cost of policy, 3,625.22 Net profit above cost.. $4 956 64 Yet provided protection for $20,000 for 12 years and $12,000 for 27 years. If you desire Insurance on your life to protect your estate, old age or loved ones, it will pay you to see me before placing your business. JONES J. DARBY. AQT.