New York.-March 23-d9m

VNHE MUTUAL LIFE INSURANCE


Company of New York. No. SO Wall st.
{"newspaper_name": "The daily union.", "edition": "01", "page": "p4", "byline": ""}
{"character_count": 2244, "word_count": 376, "ccnet_language_score": [0.9580000042915344], "ccnet_perplexity": [826.4000244140625], "fasttext_language": ["en"]}
Net amount of accumulated premiums, $685.
This company is organized on the purely mutual
principle, and its business is restricted by the char
ter TO the insurance Of lives, and granting annulties
and endowments.


1t commenced, without cap tai, on the lst of Feb
ruary, lS43. At the close Ofits second year, (3lst
January, l645, it had issued 0s6 policies, and its
net accumulated premiums was S97,27S. At the
termination Of the third year, the 3lst January,
1886 the whole number Of policies issued was 2 l33
and its net accumulated premiums, after paying all
losses and expenses, was S2l551l; thus exhibiting
sued, and sllS,27S Of accumulated funds, which is
rapidly augmenting by an annual income of $780,
0O0 growing out of original and renewed premiums
and interest on investments


This extraordinary success places the company
in a strong position, and il now ranks among the
safest institutions in the country.


Policy-holders participate in the whole of the
profits, there being no proprietary interest or sub
scrbed capital to absorb any portion thereof. An
extensive and prosperous business promises large
dividends the first division Of profits on the Ist
OF February, lS4S, and persons now insuIng will
share in these profits if they survive that period.


The premiums are paid annually, and are as low
as any American company, and lower than the
English, with participation in the profits Policy
holders are secured by investments in bonds and
mortgages on real estate in the city Of New York
and Brooklyn, worth double the amount loaned
thereon and in stocks Of the State and city of New
York.


The transactions of this company are on the
cash princpe-consequent the survivors of par
ties nsuring with it will not be subjected to the
heavy drawback Of accumulated premium notes;
reducing the benefit of the small pit
lance.


Persons may effect insurance on their own lives
and the lives Of others. a .arried woman can insure
the life of her husband, which will enure to her sole
use and that of her children.


Pamphlets explanatory of the principles OF
mutual life insurance, and illustrating its advan-
tages with forms of application, may be obtained at
the Office of the company, Sc Wall street, or Of any
of the agents.