Rensselaer Union, Volume 1, Number 35, Rensselaer, Jasper County, 27 May 1869 — ACCIDENT INSURANCE. [ARTICLE]

ACCIDENT INSURANCE.

Striking Illnstratfoii of Its Benefits. It is five years since the practice of accident insurance was introduced into the United States, by the Travelers Insurance Company of Hartford, Conn. Five v.-ars successful business have' made it- !»:niliur as household words, and sen+tered- iw benefits among the rich and tins.poor,|he merchants and the mechanics, the business men and the laboring men, among those who travel and those who stay at home. The plan is simple. For a cash premium of $5 to $lO, according to occupation and degree of exposure to accident, the company contracts so pay SI,OOO if the''insured dies by accident within a year, er $5 per week for the time he may be wholly disabled by a non-fatal injury. Larger sums, up to SIO,OOO in case of death by accident, or SSO weekly indemnity as above, in the same proportion. Hazardous risks are charged higher rates. What are the chances of accident ’ Let statistics answer. One person in every ten meets with an accident every year. One in every fourteen, of the 150,000 insured by the Travelers, has been paid under a claim for death or injury by accident On the books of the Travelers are recorded the names, dates and amounts paid by this company, to more than ten thousand of its policy-holders. These amounts vary from $5 to SIO,OOO. Take a tew iostauces ot recent date: Hon. James Harper, ex-Mayor of New York, and head of the great publishing house of Harper Brothers, k lled by accident a few days ago, was insured for $10,000; having been a patron of the Company from the start. The money was paid April 10th. Mr. Charles M. Rogers, of New York, whose mysterious murder is so fresh in the public mind, held an ac ident policy of SIO,OOO. The loss was paid April Bth. Mr. Ambrose Lovis, Chemist, of South- Boston, was killed bv an exolosldn at his works, February 22d. His policy of SIO,OOO was paid four days after proofs of death were presented. Mr. F. T. Van Kirk, a prominent citizen of Philadelphia, was drowned last summer, only four days after the purchase of a SIO,OOO policy. The loss was promptly paid. Rev. Robert F. Parvin, a clergyman ot Philadelphia, was presented with a $5,000 accident policy, just before starting on a Western tour. Two days later (December 4) he lost his life in the collision and burning of the stwmers United States and America, On the Ohio River. The loss was paid in February We might go on to enumerate scores of similar cases of fatal accident, not to mention the ten thousand claims paid for nonfatal injury. The Travelers is the oldesbaccident company in America. It has issued over 160, ■ 000 policies; it has paid backys9oo,ooo to its policy-holders, for death or injury by accident; it has a paid up capitalof a halt a million, and its cash assets amount to $1,150,000; and it has, in an experience of five years, demonstrated the fact that its insurance against accidents is one of the most desirable and inexpensive forms of personal insurance, valuable to all classes -of men. Policies can be obtained of agents in all principal cities and towns of the United States and Canada, or by addressing'the company at Hartford, Connecticut.