People's Pilot, Volume 5, Number 2, Rensselaer, Jasper County, 4 July 1895 — Comparative Coat of Life Insurance. [ARTICLE]

Comparative Coat of Life Insurance.

Official reports show for 1893 the following in regard to the three classes of life insurance in the Uaited 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 *I,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 Companieshad 1,167,000 member;, carrying *3,213,000,000 of risks, paying *57,192,000 at an expense of *48,636, OCQ 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.