The Bismarck Tribune Newspaper, May 30, 1927, Page 8

THE BISMARCK TRIBUNE MONDAY, MAY 80, 1927 _PAGE EIGHT PPC PPPOE LLPLPBELPAOEELALPRAAPAPEELCEA ARES RRC A OO tc A EPPS: 6 OEOOOCSOSCECSCROCCL CC® LCL PLPLPLPEPL PPL LAPS laa % RLBLLLLLLPADBLPPPLEPEPEPLELLPEVPLEPLLPPEPLPLPDLPDLEEL ELL PLABDL OPPO EEPPD PPP: \ On Number of Applications for a Single Calendar Month New York Life Insurance Co. DARWIN P. KINGSLEY A Mutual Organization—Founded in 1845 President Incorporated Under the Laws of New York 346 BROADWAY, NEW YORK, N. Y. Eighty-second Annual Statement To the Policy-holders: You, the members of the New York Life Insurance Company, owned 2,220,784 polieies at the close of business on December 31, 1926. You are a vast community of people representing every honest walk in life — farmers, bankers, tradesmen, merchants, laborers, manufacturers, employers and employes, and profes- sional men and women—young and old—all banded together in a common enterprise for the common ‘good. If you and your families could be brought together, you would populate one of the largest cities in the world. What a city it would be, with every family striving to safeguard its own fu- ture through a single cooperative institution for insurance and savings! A Prosperous Year In 1926, this company, which you own, wrote } another chapter of progress: New insurance over 900 Million Dollars Total insurance in force over 5%, Billion Dollars Paid to members and benificiaries over 133 Million Dollars Including Over 53 ‘Millions in Dividends You, the policy-holders, have accumulated assets of more than 11% Billion Dollars. This money plus your future deposits and com- pound interest will eventually provide for pay- ment of the Company’s obligations to you and your beneficiaries. : We believe we are one of the companies Hon. Charles Evans Hughes had in mind when he recently said: “T like to think of the spirit of life insur- ance, for it is the spirit of achievement.” Nylic Is Your Investing Agent The fund’ of more than 14% Billion Dollars is invested in accordance with the strict requirements of the laws of the State of New York; and it plays a substantial part in the de- velopment of the nation’s farms, homes, railroads and pub- lic works, As policy-holders, you practise thrift. You invest sound- ly and safely. Your money will be available to you and your dependents, impressed with emergency-power, at a time when _ it will be needed most. That is what Mr. Hughes meant when he said, in the ad- dreas to which I have just referred, that a life insurance pol- icy was the best guardian of the purse that had ever been discovered. Small Average Policy ‘Your total insurance is impressive; but if you divide it _ by 2,220,784, the number of policies, you will find that the size of the average policy is only $2,590. Of course, some members have more than one policy ; and many of you are also insured in other companies. But the great majority are UNDERINSURED, as you will see. \ Cash Value of Life Fire insurance and life insurance protect values. The value of a worker’s life is the cash worth of his future net earnings, usually far greater than the value of his property. The following points may help you to estimate the monetary value of your life. The United States Government fixed $10,- 000 as the insurable life-value of, American soldiers and sailors in the great war, mostly young unmarried men who had been. earning small incomes or none at all. i i) Recently, according to the New York Times, the American Statistical Association declared that the money value of the. average American life (including children and adults who earn no income) is $17,500! -As an in- come-earner, the value of your life is much greater. Consider the capital required to produce income from interest. At 5%, it takes $24,000 to yield $1,200 a year—$100 a month. How Much Insurance Is Needed? The answers to the following questions will enable you to measure your insurance needs: What is the minimum. in- come you will require in your old age, or if you become to- tally and permanently disabled; and what is the smallest an- nual income your family could manage on if you were taken away? Is it $500 a year, or $1,000, $2,000, $5,000, $10,000, or more? ji How much will it require to settle your estate—to pay your debts, mortgages, and taxes, including the federal and state inheritance tax? How much cash will be needed at your death, or the death of your partner or an official of your. company, to stabilize credit or to enable surviving partners or stockhold- \ ers to acquire the deceased associate's interest in the busi- ness and carry on? , : f \ Your Program You probably have a program, because you are insured; but how does your program stand today? How far short is it of the safety mark or the mark you are aiming at? May I suggest that you figure it out for yourself, or in one of our Agents to help you work out a plan suited to your needs, so that you may feel secure as to your own and your family’s future? j : ‘ DARWIN P. KINGSLEY, President. ‘Financial Summary, January 1, 1927 ASSETS Real Estate; First Mortgage Loans on Farms, Homes and Business Properties.....$ 440,388,584.62 Bonds U.S., other Gov'ts., States, Cities, Counties, Public Utilities, R. R.s, etc 583,984,590.22 Policy Loans, Cash and other Assets 242,692,691.20 $1,267,065,866.04 Total Income in 1926 E. JONES, _ PHONE 915 f LIABILITIES Insurance and Annuity Reserves ...... Dirients payable to Policy-holders All other Liabilities General Contingency Funds ..... $295,341,937.98 Special A record in the business, world. The New York Life Writes every known form of Life Insurance, Income Bonds, Trusts, etc. It writes women as well as men, all on the same basis. It writes polictes from the ages of 10 to 65, inclusive. : This attempt ata world’s record will begin on Wednesday, June first, and will continue until midnight of the thirtieth. Read the annexed printed copy of a statement by Darwin P. Kingsley, president of the New York Life, made at the close of 1926. If you are not now a member of this greatest of all Life Insurance companies, now is the best time in the world to become one. B. E. JONES, Special Agent { 20, years with the New York Life ‘An Attempt at a World’s Record 4 This record is,held by Mr. A. G. Berry of Vancouver, Washington, The next best record is held-by Mr. Earl La Plant of Sturgeon Bay, Wisconsin. Bismarck is a better city than‘ either of these. I believe, with the moral support of the com- munity, Bismarck can, win this distinction, now held by Vancouver. I am also‘anxious to make a notable record in-completing my twentieth year with the New York Life;:.I hold the highest record for volume of business for @ single month for the New York Life in North Dakcta, also the largest record for a year. I am nowaftet the record for number of applications, not only for’ this state, bub for America, ' Ate If I auccegd Bismarck and this locality will receive lots of favorable advertis- ing. I realize it i@'a big job. It may not seem possible to win, yet I believe I can do it. I am seld‘on the idea that Bismarck is the best elty of ten thousand in the country. I will@ppreciate your help... We are interested, rightly, in all sorts of athletic competitions, I am sure you will be interested in this effort to break a © B. E. JONES. «SEA A ; b $100 a Month the:Minimum Tf your’ ‘ina @ money Wife’s Expenses. 7; 10a mo. Food '.....-- 4,42. 808 mo. ” * Your Family Expenses. i :** A’bare Your own CmAW a E otal HHH