People's Pilot, Volume 4, Number 52, Rensselaer, Jasper County, 20 June 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 Uailed 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 $2,413,000, 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 A ssessment Companies had 1.676.000 members, carrying $4,170,000,000 in risks, paying $28.055.000 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 •’’ent 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.

Notice has been received at the headquarters of the Cotton States and International Exposition from the Secretary of Promotion of the Mexican government that the plans for the Mexican exhibit at Atlanta had been, completed, and asking that a very large amount of space be set aside for that purpose. The Mexican exhibit, which has been vigorously promoted by President Diaz and other leading men in Mexican public life, will be very fine. One of the features of the Mexican representation will be the famous Eighth Regiment military band, which won such fame at the New Orleans Cotton Exposition of 18*4. The Mexican Village, which will also be part of the Mexican representation at the Fair, will cover nearly three acres, and will be an elaborate and picturesque presentation of Mexican life.