Jasper County Democrat, Volume 13, Number 26, Rensselaer, Jasper County, 9 July 1910 — SOME QUERIES AS TO FARMERS MUTUAL INSURANCE. [ARTICLE]

SOME QUERIES AS TO FARMERS MUTUAL INSURANCE.

We have been asked by many farmers why it ia the Farmers Mutual has no active agents out seeking new business as have the commercial companies. We will answer these inquiries by saying we are not in the field for profits, but to furnish protection against fire and lightning to our members at actual cost. AU the expense to you is a membership fee of ten cents per |IOO for face of policy and a survey fee of 12.00, “|1.75 of which goes to the solicitor who takes your application, and 25 cents to the secretary of issuing the policy. Note our solicitor gets >1.75 for hl< services Instead of 80 per cent of first premium or 15 per cent of the whole amount of a fully paid up policy, as do the. agents of old line companies. The membership feet entitle the member to full protection until the first annual assessment which he win pay in full, or if part of the year, his pro-rata or same. That is why the interest on the money you pay out for old line will so nearly pay your assessments in the Mutual. If you wish to leave the Mutual no hardship Is put upon you, just pay up your pro-rata of losses then accrued, or fail to pay your annual assessment. We do not put, you on our books for the full five years of policy written so bard and fast that if you wish to w'lthdray you aye hqjd up for 60 to 75 cents per >IOO for a release as so many farmers tell u» the commercial companies do. Their former rates? Remember all that your Insurance costs you above 25 cents per >IOO a year is a< donation pure and simple to somebody, which is very generous of you, but very poor business. Now as to our conservatism in not writing your policy for full value of property: You are not apt to be near so careless if you carry a part of your own risk. Besides the chance for a serious loss is about one out of 300, so you see why the actual cost of farm insurance Is so lot. Now we are not ip the business for profits, but just to be a neighbor to you. We guarantee you as safe, as fair, and the cheapest farm rn.-urance furnished by any company, domestic or foreign. We have on our booka’over |2,OWkOOO of as good insurance as was ever written by any company and new business constantly coming our way. For any further facts write or telephone to w. i. McCollough, President, Fowler, or F. E. FISHER, Secretary, Remington.