Cottonwood Chronicle Newspaper, July 29, 1921, Page 5

lll! ing ec a $500” Reward! A challenge to certain stock fire insurance agents who attempt to defame the Northwestern Mutual Fire Association. ERTAIN agents for stock-company insurance interests are circulating in this locality false and mislead- ing statements against the Northwestern Mutual Fire Association. We offer $500 reward if they will prove these statements true. As we have supplied all these agents with the FACTS none can innocently continue to circulate such falsehoods. When they do it is with the sole object of preventing property owners from obtaining the large benefits accruing through Northwestern Mutual insurance, in order that they themselves may receive commissions on the excessive cost under stock fire insurance mcthods. Stock company interests naturally look with covetous eyes on the more than $4,000,000 profits returned by the Northwestern Mutual to its Policy-holders— $500 REWARD to anyone who millions that otherwise would have gone into the stock company treasuries. will prove these statements— These agents are circulating a letter of Insurance Commissioner A. C. Barber or any one of them—untrue: of Oregon, in an endeavor to prove that the policyholde:'s of the Northwestern Mutual can be assessed for the payment of fire losses and that the Northwestern THAT Northwestern Mutual policies | Mutual lost in surplus during the first part of 1920. This propaganda is being are absolutely non-assessable for loss or damage by fire. THAT the Northwestern Mutual has larger cash assets in proportion to its losses and Mabilities than the ten largest stock fire insurance com- panies in the country. ‘THAT the Northwestern Mutual bas @ much lower loss and expense ratio than these ten largest stock com- panies. THAT the WNorthwestern Mutual does not have the great conflagra- tion ability the board companies carry (large conflagratious are recog- nized as the great menace to insur- ance companies). ‘THAT no mutual fire insurance com- pany has ever failed after it has ac- cumulated even one-eighth the cash assets now held by the NWorthwest- ern Mutual. THAT no stock fire insurance com- pany is furnishing its policyholders safer insurance than that provided by the Northwestern Mutual Pire Association. e THAT the Northwestern Mutual has NEVER PAILED to pay a just claim, and that no company has a better record for equitable adjust- ments and prorft payment of losses, THAT the Morthwestern Mutual saved its policy holders last year alone, more than enough money to establish two capital stock fire in- surance companies with sufficient cash resources to comply with the laws of any one of the Pacific Coast states. carried on in spite of the fact that each stock company agent has been mailed a copy of a subsequent letter from Commissioner Berber utterly refuting these charges. To quote from this second letter: “A letter intended to answer a direct inquiry may be so used as to misrepresent the statements intended by the writer. 1 am advised that this letter has been used as the basis of statements that the department has declared all policies of the Northwestern Mutual Fire Association assessable. On the contrary, this department is frequently advising that any mutual association which can comply with the Oregon laws relating to non-assessable policies may issue such contracts, and that there can be no question that the cost of the contract is limited to the amount desig- nated in the policy.” Commissioner Barber then says that his reference to the Northwestern Mutual’s financial statement had been misconstrued to indicate a decline in business. He refers to an official examination report, recently released which said: “The gain in surplus from April 30 to June 15, 1920, was ap- proximately $100,000.” We print conspicuously, herewith, eight statements referring to the superior strength of the Northwestern Mutual Fire Association and we offer $500 reward to any person who will prove any one of them untrue. These statements are either true or false. If untrue, it is easy for the stock company agents or anybody else to prove them so. If true, there is no safer or better insurance than that furnished by the Northwestern Mutual. Every attack on the Northwestern Mutual is an attack against the interests of the insuting public. Don’t think for a moment that the stock company agents are really worried about the Northwestern Mutual paying its losses; but they are genu- inely worried because they know it is furnishing the strongest possible insurance and a real fire-prevention service, at a much lower cost than they are permitted to make for the insurance alone. Are you getting your portion of the Northwestern Mutual’ cash savings to policy holders? | If not, why not? Reach us through your telephone or mail box. Northwestern ‘ FIRE. ASSOCIATION HOME OFFICES: Samael Being, Sete OUR AMBITION ... ‘ ‘BRANCH OFFICES: Portland Spokane Tacoma Ban F: —To save our policyholders $1,000,000 during this Twentieth Anniversary year. ‘Sue meaaieet Vancouver, ©. io . Hearty co-operation of the policyholders Hamilton, will put it over. If you are a policyholder invite your friends to join you in the benefits of the Northwestern Mutual. FELIX MARTZEN, Representative in Cottonwood, Idaho