People's Pilot, Volume 4, Number 49, Rensselaer, Jasper County, 30 May 1895 — Comparative Cost of Life Insurance. [ARTICLE]

Comparative Cost of Life Insurance.

Official reports show for 1893 the following in regard to the three classes of life insurance in the United States. Fraternal Societies, including the National Alliance Aid, have 1,801,000 members, carrying $3,000,000,000 in risks; paying $31.000,000 in losses, at an expense of 12,413,000, or a total average of $9 for every SI,OOO insurance carried, of which only 62 cents per SI,OOO was used for expense. Ordinary Assessment Companies had 1,676,000 members, carrying $4,170,000,000 in risks, paying $28,655,000 in losses, with $18,305,000 for expense; or total cost per SI,OOO, of $11.70, of which $4.50 went for expenses.

Old Line Companies had 1,167,000 member?, carrying $3,213,000,000 of risks, paying $57,192,000 at an expense of $48,636,000 or total cost of $32 per SI,OOO carried, of which $10.34 went to pay the expense!! You pay your money and take your choice. The expense of conducting the.old line company is more than the entire cost of Insurance in the Fraternal Society. ’ "

The Farm Record, the official paper of the State Alliance, a 16-page monthly, price 50c a year, will be sent free to every subscriber of the People’s Pilot who pays SI.OO on acco,unt, past, present or future. This offer is made in place of any other premium offer. The fraternal orders furnish the cheapest kind of life insurance in the world, and the farmers live longer than other classes, accordingly the death rate is l>wer than in other occupations —therefore, it naturally follows that life insurance furnished in our own order will be cheaper than in any other order—the cheapest in the world. The following counties in Indiana are now represented in the Aid Degree: Boone, DeKalb, Green, Hamilton, Henry, Madison, Marion and Tipton.

Coin's Financial School (price 25c) is giuen free to every new trial subscriber of The People's Pilot. Twenty-five cents for three months.

Our information from the west side of the county shows that organizers Vincent and Welsh have done somfe “tall hustling” over there and in Newton and Burton counties. Alliance No. 72 is reinstated at Union school house and No. 180 at Percy. In this alliance are consolidated the members from two other neighboring organizations, thus making a strong and vigorour alliance. They had a large and enthusiastic meeting last Saturday night, reinstating many old members and iniatirg six new ones. A most encouraging feature is the fact that the women are taking an active part in the work, several of the new accessions being among the most energetic and influential women of the township. The Aid Degree is meeting with a hearty reception from the people for they recognize the fact that the system used' is the fairest and most economical, and. the Pilot hopes that farmers everywhere will not close contracts for life insurance policies until they fully investigate the National Aid, which is run on the same general plan as the Woodmen, A. O. U. W., and other Fraternal Orders.

The Aid Degree has paid over $20,000 in death accident benefits from January 1, 1894, to February 1, 1895.

A life insurance policy in the Alliance Aid is beyond the reach of the assessor or tax gatherer; the sheriff can never touch it, but at a cost of only about 1 per cent per annum (ranging from half of 1 per centrto 2 per cent) you add SI,OOO to your estate for the benefit of dear ones at the darkest hour they will ever set. Warner & Son have received another carload of wide tire wagons, Laßelle, well made in every respect.

In preparing articles for publication writers should reuiember that if both sides of the paper are the editor is obliged to copy before giving to the compositors. Kindly avoid this unnecessary trouble by using only one s\de, and* it-will thus ensure publication when it might otherwise be discarded.

For the German Baptist Brethern meeting to be held at Roanoke, Virginia, round trip tickets limited to 30 days will be sold from Rensselaer at the rate of §17.40, on sale from May 30. to June 4, one stop over on each line east of the Ohio river will be allowed on the return journey. W. H. Beam, Ag’t.

MUSICAL INS.TRU MENTSA Sale of fifty fine Musical Instruments. Guitars, Violins, and Accordians, at less than one third regular price. At Frank B. Meyer’s Old, Reliable drug store. Meyer sisters will give a discount of 10 per cent on all millinery until after Decoration Day, offering a selection from the finest stock in towm. When requiring new sets see Dr. Horton. Best porcelain teeth used. No cheap granate teeth goes. Over postoffice. Parties wishing to buy binders will do themselves an injustice by buying without pricing and examining the Deering goods. Robert Randle.

Mrs. Imes has her millinery store stocked up again with fresh new goods .after the depleting trade •of the past two weeks. She has, Jhose stylish little Dutch bonnets which every one admires so muHi. . Miss White, her trimmer, is unsurpassed in the art of pleasing fashionable ladies.