Books › Newark City Directory 1863-4, 1863 › scan 2
Scan 2
Newark City Directory 1863-4, 1863
31 lines. Read by computer on 30 September 2026. No printed page number was found. See the scan on archive.org.
1[Company's Building.]
3NEW ENGLAND MUTUAL LIFE INSURANCE CO.
4BOSTON AND NEW YORK,
5METROPOLITAN BANK BUILDING,
6110 Broadway, cor. Pine Street, N. Y.
8WILLARD PHILLIPS, Pres't. B. F. STEVENS, Sec'y.
10CASH ACCUMULATION…………………$2,500,000
12This is the oldest wholly Mutual Life Insurance Company in the United States, having been organized in 1843, and has been uniformly successful, having always made large returns in cash dividends to all the policy holders. Last cash dividend, 39 per cent.
14It is strictly a benevolent institution for mutual protection, and entirely beneficent in all its workings and tendencies.
16By the last report of the Insurance Commissioners, the surplus of assets over liabilities was $950,000, being proportionately greater than any Life Insurance Company in the United States. Expenses proportionately "less" than any other Company.
18This company, being purely mutual, insures at the lowest possible rates; and if the premiums paid exceed the actual cost, the surplus is returned to the parties insuring.
20Every fifth year, at the time of declaring the dividends, the business is, as it were, closed, so that its actual position and solvency are made manifest at that time; and the surplus funds are divided pro rata among all the insured. This guards the assured against any possible loss from inefficiency on the part of the Company, and is a sure guaranty as regards the future.
22Insurance may be effected for the benefit of married women, beyond the reach of their husbands' creditors. Creditors may insure the lives of debtors.
24Printed documents of an interesting character, showing the benefits of the mutual plan and the advantages generally of life insurance, supplied gratis, or forwarded free of expense, by addressing
26JOHN HOPPER, Agent for the Co.,
27METROPOLITAN BANK BUILDING,
28110 Broadway, cor. of Pine st., N. Y. City.
30Parties at a distance may insure from blanks, which will be supplied and forwarded free of expense.
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