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Insurance Solicitor from Topeka, Kansas • 3

Insurance Solicitor from Topeka, Kansas • 3

Location:
Topeka, Kansas
Issue Date:
Page:
3
Extracted Article Text (OCR)

INSURANCE SOLICITOR AN OLD STORY EE-TOLD. Names and residences of some i THE NUNN 3. gentlemen prominent in tli9 professional and business world who carry arge lines of life insurance: $50,000 NET COST. John Wanamaker, Philadelphia 1,505,000 John B. Stetson, Philadelphia 700,000 E.

H. Abbot, Milwaukee 500,000 Wm. W. Gibbs, Philadelphia 500,000 Among the claims paid by the Northwestern during the past six J. Heed Whipple, Boston 600,000 months, was that of the well-known banker, Eudolph Nunnemacher, of Hamilton Disston, Philadelphia 475,000 Milwaukee, three policies aggregating $50,000.

He was a firm believer in P. H. Glatfeltor, Spring Forge, Pa. 393,000 385,000 life insurance, and carried large amounts also in other leading companies. John J.

McCook, New York His opinion of the Northwestern, as compared with such other com S. C. Lawrence, Boston 305,000 M. T. Greene, Chicago 850,000 M.

L. Wickes, Los Angeles, Cal 310,000 panies, ig best expressed by his letter given below. Much of Mr Nunnemacher later insurance was taken on the Tontine Dr. R. C.

Flower, Boston 335,000 Charles A. Coffin, Lynn, Mass 301,000 system, with a view to future cash settlement, if desired. But death came in the prime of life, again illustrating the uncertainty of human affairs and Robert L. Anderson, Pittsburg 300,000 C. II.

Call, Marquette, Mich 300,000 J. L. Gates, Milwaukee 300,000 Wm. II. Gratwick, Buffalo 300,000 E.

M. Hukil, Fittsburg 300,000 F. O. Matthiessen, Ne York 285,000 Rudolph Nunnemacher, 275,000 Daniel K. Miller, Philadelphia 270,000 the wisdom of life insurance provision.

Following is a history of Mr. Nunnemacher Northwestern policies Policy No. 87,904 was issued April 17, 1876 at age 28, for $10,000 cn the ordinary life plan, the anaual premium being $213 40. All dividends were used to reduce premiums Face of Policy, $10,000 and post mortem dividend, $89.83 10.0S9 60 Eighteen premiums paid by assured $4,054 60 Less cash dividends returnel 1,276 91 Net premiums paid by assured $2,777 66 Profit realized over cost 94 Chas. B.

Kountze, Denver 260,000 To secure insurance at the North-westebn's low cost, the reader must own a Northwestern policy. No other company could have given Mr. Scott any where near the cost spoken of in his letter, which isa8 follows: Georgia Pacific Ry. Co. Austell, Station, Sept.

25, 1894. llr. Woods White, General Agent, Northwestern Mutual Life Ins, Atlanta, Ga. Dear Sir: I have this day received notice of the expiration of the 10-Year Semi-Tontine -dividend period of my ordinary life policy for $2,000 in the Northwestern Mutual. The figures given show the results offered me at this time are in excess of the figures given me ten years ago by the agent.

This is highly eatisfactory and is clear and unmistakable evidence of the honesty and fairness of tho Northwestern and the liberality of its dividends. My settlement with the Compiny shows my actual outlay for 10 year' insurance for $2,000, of the safest and surest kind, to have been only $S1 29, or $6 12 per year for 2.0C0. I have seen nothing so cheap and yet so safe. Yours truly, (Signed) W. W.

Scott, Agt. G. P. Ey. To prove the lower cost of the Northwestern, as asserted at; the head of this column, let us euppose llr.

Scott had taken $2 000 in the Equitable Life of N. and $2,000 jn the Mutual Life of N. both at same time and on same plan as the Northwestern. Quoting from the Equitable' "Tables for 1894," and from the Mutual' "Tables for 1895," we find the net cost, in the three companies, would have compared as follows: Equitable's 10 premiums $11S 60 Guaranteed cash value $176 70 Ten yeir Tontine Dividend 111 30 288 00 Edson Keith, Chicago 255,000 A. Erickson Perkins, Rochester, N.

250,000 Julian S. Carr, Durham, N. 250,000 F. W. Devoe, New York 250,000 J.

V. Farwell, Chicago 250,000 J. S. Fogg, Boston 250,000 Geo. R.

Howard, Buffalo 250,000 J. M. Longyear, Marquette, Mich 250,000 Policy No. 126,118 was issued March 6 1884 for $10,000 and No. 166,889 was issued March 7, 1883 for $30,000, making the total of $50,000 Pierre Lorillard, New York 250,000 Wm.

M. Runk, Philadelphia 250,000 C. M. Sanger, Milwaukee 250.000 carried on one life. The two latter policies were issued on the 10-payment F.

Schleisinger, Milwaukee 250,000 C. H. Venner, Boston 250,000 life 20-year tontine plan. Faca of policies paid by the company $40,000 00 Total premiums paid by assured 17,355 CO Profit realized over cost $22,615 00 W. Waddingham, New Haven, Ct.

250,000 Stevenson Burke, Cleveland, 0 235,000 Isaac B. Newcombe, New York 230,000 Louis C. Vanuxem, Philadelphia 230,000 H. N. Higginbotham, Chicago 225,000 Dan.

P. Eells, Cleveland, 0 230,000 Total insurance and post mortem dividend include 1 $50,089 60 Total net premiums paid on all three policies 20, 132 66 Total profit realized over cost $29,956 94 C. A. Otis, Cleveland, 0 220,000 James D. Husted, Kansas City 210,000 The following is the letter of Mr.

Nunnemacher above referred to. It is only one of hundreds of similiar letters received by the company, in George V. Forman, Buffalo, N. Y. 208,000 Hon.

Frank Jones, Portsmouth, N. 205,000 Alexander Barrett, New York 200,000 Geo. W. Crouse, Akron, Ohio 200,000 M. D.

Harter, Mansfield, 0 200,000 C. I. Peck, Chicago 200,000 S. Richardson, Boston 200,000 which men, over their own signatures, express their preferences for the Ten years' net cost $130 60 Northwestern, because of its lower cost and conservative management. Mutual Life's 10 premiums 430 CO We invite all other companies to produce in comparison similar letters from Guaranteed cash value $160 72 F.

B. Roberts, New York 200,000 Estimated 10 yr. Ton. Div. 127 10 287 82 their living policy-holders.

the Eudolph Nunnemacher, Prest. MERCHANTS EXCHANGE BANK, MILWAUKEE, TH, August 25th, 1890. Ten years' net cost $142 18 KosTHWESTEau's 10 prem's 414 80 Guaranteed cash value $191 00 Ten year Tontine 162 51 353 51 D. E. Murphy, General Agent Northwestern Mutual Life Ins.

Mil waukee, Wis. Ten years' net cost $61 29 It will be noted that the North Dear Sir: I have already given you a statement of my single payment 20-year en dowment policy in he Northwestern, which matured a short time ago and netted me $6.46 better than a 6 per cent, compound interest investment with life insurance for western' premiums are not materi A. Shuman, 200,000 G. Henry Whitcomb, Worcester 200,000 Amos Whiteley, Springfield, 0 200.000 C. M.

Henderson, Chicago 175 000 John Gibb, New York 170,000 Charles Pratt, New York 165,000 F. A. Brooks, Boston 155,000 S. B. Barker, Chicago 150,000 eo.

M. Bogue, Chicago 150,000 W. A. Clinton, Los Angeles, Cal 150,000 R. R.

Cable, Chicago 150,000 W. P. Clyde, Philadelphia 150,000 D. M. Ferry, Detroit 150,000 G.

W. Grayson, San Francisco 150,000 James A. Gary, Baltimore 150,000 T. W. Harvey, Chicago 150,000 Nearly all of above carry insurance in the Northwestern, many of them the full limit of $50, 000 on one life.

ally lower than were charged by its- twenty years added. I am carrying a large amount of life insurance in the leading companies in the conn' competitors, but its dividends re try and I find on comparison with my other policies in the Northwestern Mutual, that turned and cash value guaranteed are your company gives me much larger dividends than any of the others and since I know with what safety and conservatism the affairs of your company are administere 1, and having had occasion many times to be reminded of the careful, judicious and economica manner in which its affairs are transacted, I have increased my insurance in the North both materially higher. Hence please remember The lower cost of the Northwestern is not due to lower premiums charged, hut to larger dividends returned, Dividend on similar policy in 1893, $99 30. western to the full limit, $50,000. I would gladly increase it fur-ther if your com pany would isfue policies for larger amounts.

Very truly yours, RUDOLPH NUNNEMACHER..

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About Insurance Solicitor Archive

Pages Available:
140
Years Available:
1893-1896