STATE LIFE INSURANCE IS SPREADING
State Life Insurance is Spreading Oregon's Commissioner Studies Wisconsin "Life Fund" and Reports "The Plan is Not Only Feasible But Practical" Letter of Commissioner FERGUSON to Governor...
...The premium rates require that 3 per cent interest shall be earned...
...below the numbers calculated in the table...
...So you've been a good little girl all day...
...On November 14, 1913, he wrote the following letter to Governor Oswald West: "After carefully investigating the system of State Life Insurance in Wisconsin, I am satisfied that the plan is not only feasible but practical and will recommend to you in my annual report that a similar law be enacted in Oregon...
...Of the total expense of old line companies, more than one-half goes to agents in commissions...
...It is Mother who has been angelic all day...
...State Life Insurance is Spreading Oregon's Commissioner Studies Wisconsin "Life Fund" and Reports "The Plan is Not Only Feasible But Practical" Letter of Commissioner FERGUSON to Governor WEST STATE life insurance is to be made an issue in Oregon...
...Recently Mr...
...Under the Wisconsin plan policy-holders are saved this expense...
...Applications are received by clerks and treasurers of counties, of cities, of towns, by officials of banks which receive State deposits, and no paid agents are employed...
...J. W. Ferguson, Oregon's insurance commissioner, visited the Wisconsin Department of Insurance at Madison and studied first hand the operation of Wisconsin's State Life Fund...
...Successful Farming...
...N.—We cut out the fishin'.—Pathfinder...
...Something like four hundred policies have been issued...
...Who Was Good "Mamma tells me you have not been spanked all day, Jane," said the father upon his return home...
...Under this form twenty annual payments are made and the insurance is then fully paid for life...
...V.—And in the winter...
...At present seven different kinds of policies are offered: Ordinary Life, Twenty Payment Life, Twenty Year Endowment, Ten Year Endowment at age sixty-five, Ten Year Term, and Ten Year Term to age sixty-five...
...The form which has has been most popular so far is the Twenty Payment Life...
...The State Life Fund of Wisconsin issued its first policy October 27th, this year, and some of the most prominent men in that state are policy-holders...
...The Simple Life Vacationist (at a seaport town)— What do you do here in summer...
...A greater item of saving for the dividends of policy holders comes from the fact that the actual number of deaths runs about 40 per cent...
...The funds should earn at least 5 per cent, leaving a margin of 2 per cent as a source of dividends to policyholders...
...Many of the manufacturers of the State are putting the plan before their employees by enclosing the State's circulars in pay envelopes, by posting placards in their shops and even by advancing employees money to make the first year's payment "I am of the opinion that there is a broad field for State Life Insurance ia this State, and that the State of Oregon should deal with this as an economic problem and offer to its citizens sound insurance at the actual cost of paying the benefits as Wisconsin is doing today...
...It isn't that...
...The purpose and intent of the State Life Fund, as explained by Commissioner Ekern of Wisconsin, is to give the people of the State the benefit of the best old line insurance on a mutual plan at the lowest possible cost To benefit the policy-holders is the sole consideration...
...This enables a man to pay for his insurance during his productive years and have protection for the remainder of his life...
...circumstances and financial resources...
...This affords a wide range of choice and allows the applicant to obtain the form best suited to his age...
...Premiums may be paid monthly if desired and monthly premium rates have been worked out in order to make it convenient for people earning small wages to take advantage of the new plan...
...Native—Loaf and fish, stranger...
...There will also be gains from excess interest earnings and mortality savings...
Vol. 5 • December 1913 • No. 52
