Life — February 3, 1887 — page 17: what you’re looking at

Machine-transcribed from the original scan — historical spelling and the odd misread are preserved.

- LIFE > TWENTY-SEVENTH ANNUAL STATEMENT OF THE WASHINGTO LIFE INSURANCE COMPANY. Ww. A. BREWER, Jr., President. Net Assets, December 31, 1885 . . $7,394,545 64] Receipts during the year 1886: | For Premiums . . $1,508,698 70 For Interest, Rents, 407,117 81 $1,915,816 51 $9,310,362 15 DISBURSEMEN' Claims by Death $518,486 54 Matured and Dis- counted Endowm'ts. 152,718 86 Cash Dividends, Re- turn Premiums and Surrendered Policies eny 435,633 85 Annuities... 2.2... 4,543 99 Total paid Policy- holders... .. $1,111,383 24 Taxes . see 15,121 53 Commuted Commis- | sis... 2... 55,499 13 Profit and Loss . . 43,343 12 Dividends to Stock- holders... 22... 8,590 75 Expenses: Rent,Com- missions, Salaries, | Postage, Advertis- ing, Medical Exam- inations, etc. 262,793 02 1,496,730 79 Net Assets, Decem- ber 31, 1886 $7,813,631 36 Policies issued in 1866 . . . Amount of Insurance in 1886 . + 31266 + $7,428,439 ASSETS, U. S. and.N. Y. City Stocks wee Bondsand Mortgages, being first. liens on real estate. Real Estate... Cash on hand and in Banks and Trust Co. Loans on Collaterals Agents’ Balances . . $659,703 42 6,377,398 67 430,216 57 137,631 52 170,197 29 + 38,483 89 7,813,631 36 Add excess of market value of Stocks over cost. .. a5, Ba Interest Accrued . .1. Interest due & unpaid Deferred and Unpaid Premiums, less 20 per cent 167,546 58 63,936 68 12,862 25 211,636 73 Gross Assets, Dec. 31, $8,269,613 60 LIABILITIES. Reserve by N. Y. standard, Depart- ment valuation . . .$7,219,901 00 Claims in course of ‘Adjustment, Matured Endowments not yet called for. . Premiums paid in ad- vance. . . Unpaid Dividends to Stockholders . Salaries, rent, etc. . Surplus’ as ‘regards Policy-holders. . . 57,169 99 1,865 20 6,816 60 528 50 2,041 68 981,290 63 $8,269,613 60 Number of Policies in force . +. 16,504 Total Amount Insured » $36,574,831 W. HAXTUN, Vice-President and Secretary. F. S. FRENCH, Sup’t of Agencies. CYRUS MUNN, Ass’t Secretary. I. C. PIERSON, Actuary. B. W. McCREADY, M.D., Medical Examiner. FOSTER & THOMSON, Attorneys. BOARD OF AMES THOMA‘ B, JOHNSTON, ‘SS HOPE, Neate DIRECTORS. FREDERIC R. COUDERT, NIEL'L. McCREAby, ORGE NEW 4 BENJAMIN HAXTUN, EDWIN H. MEAD. F. HITC! CHARLES P, BRITTON, FRANCIS G, ADAMS, BENJAMIN W. McCREADY, M.D. THE NEW COMBINATION POLICY oF Ti Washington Life Insurance Company OF NEW YORK affords ample protection for the family of the insured for twenty years, with annual dividends at the end of the first and each subsequent year, payable in cash, or applied to augment the policy, at the option of the insured. it enables the insurant to secure to himself a competence for old age, being the full amount named in the policy, together with ail accumulated dividends. Upon the completion of the period, and simultaneously with the payment of the Capital Sum, the insured is also at once the possessor of full paid-up non-participating insur- ance for one-half of the Capital Sum, which is an estate in reversion, without further cost, and payable at death, IT GUARANTEES in strong and explicit terms advantages not found in the policy of any other company. ‘Suppose the amount of the policy to be $30,000. Ir Guaranters— ‘The payment of $30,000, and all accumulated dividends, should the insured die within the period of twenty years. Ir, Guarantees— The payment of $80,000 cash, together with all ac- cumulated dividends, if the insured survive the period. Ir Guaranters— ‘The payment to the insured of the full sum of all cash dividends to its credit, if desired, should the policy be sur- rendered before the expiration of the term, Ir Guarante To the policy-holder who survives the twenty years’ period, a paid-up life policy for 15,000 in addition to the $30,000 casi, as above. ANNUAL CASH DIVIDENDS, Under the Combination Policy of Tue Wastixcton, the insured secures more protection than by any speculative scheme of insurance ever devised, by as much as the accu- mulated dividends would increase the amount of the policy, Contrasted with the policy of any company whose divi- dends are deferred five years, ten years, fifteen years or more, during which the insured risks the entire loss of the surplus earnings of his premiun ifies the hazards of his insurance, this policy of 10N is not only intrinsically more valuable, but is incomparably superior in the measure of the security it affords. THE IDEAL CONTRACT. Asan endowment, the Combination Policy, being a positive contract, is better for the insured than any policy ever before issued. "Asan Endowment and Life Insurance Policy com- bined, it is the “Inga” Contract; and is superior toa “‘Tontine,” or “Distribution,” or ‘Deferred Dividend Policy,” by as much asa definite is always superior to an indefinite contract. ITS LIBERAL CONDITIONS, Protected by the unique non-forfeitable dividend system of THe WasuiINnG7ON, with annual cash dividends, with pro- visions for surrender more liberal than the non-forfeiture law of the State provides, and with privileges of resi travel unrestricted; with all these benefits ComaaTion PoLicy or TH” WasHINGTON, it is confidently recommended to the public as the nearest approach to a perfect life insurance contract ever devised. comicbooks.com