Timmins Newspaper Index

Porcupine Advance, 7 Mar 1929, 1, p. 7

The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

«it 4 â€"AP P PA ACA LAE CAAA AP P AP P C onteng hm o ts# KiÂ¥ o o o ag § Happily, more and more persons have a new underâ€" standing of what life inâ€" surance promises, what it can do and what it does do. They arelearning that it does many different things equally well. EVERY business day in 1928, the 26 million policyholders of the Metropolitan Life Insurance Compaâ€" ny, who are its sole owners, added a million dollars to the great reserve fund needed for their protection against the hazards of life and busiâ€" ness â€" present and future. While the original purpose â€"to take care of the breadâ€" winner‘s dependents in event of untimely deathâ€" has never been lost sight of, toâ€"day life insurance is largely and directly conâ€" cerned with the business of living. The Metropolitan Life Insurance Company is a mutual organization. It has no stock and no stockholders. Its wealth is owned solely by its Policyholders. President METROPOLITAN Biggest in the World, More Assets, More Policyholders, More Insurance in force, More new Insurance each year which cover Home Life Home Office: Assets ied ies thal s Liabilities : Statutory Reserve . . Dividends to _ Policyâ€" holders payable 1929 . All other liabilities . Unassigned Funds Increase in Assets during 1928 Paidâ€"for Life Insurance Issued Increased and Revived in 1928 Total Bonuses and Dividends to Policyholders from 1897 to and including 1929 . . . . Income in 1928 payable weekly or monthly) Group Insurance esc d r ces Total Insurance Outstanding Number of Policies in Force Gain in income, 1928 Ordinary Insurance C oo% Industrial Insurance (premiums yable weekly or monthly) . 6,297,013,786.00 up Insurance n tssc a#ja49;e00,3308.00 i1 Insurance Outstanding . 16,371,956,002.00 mber of Policies in Force . . . 42,329,281 (Including 1,304,5689 Group Certificates) ‘Not best because the biggest, but biggest because the best‘‘ including 1929 .. . .. > 448,523,599.20 Life Insurance Outstanding Fiscal Report to Policyholders The Metropolitan leads in Canada as it does in the world. Third Viceâ€"President and Chief Agent for Canada THE PORCUPINE ADVANCE, TIMMINS, ONTARIO For Year Ending December 31, 1928 $2,695,475,965.64 8 . $306,828,329.32 ® 743,412,385.21 C 92,343,796.78 $2,346,775,847.00 $2,695,475,965.64 77,138,725.33 111,485,393.38 160,075,999.93 $7,825,652,878.00 3,259,181,384.00 Group â€" . . Business in force 1928 * /s Business issued in 1928 Group‘> s ; .l uslsc . Investments in Canada . . Dominion Government Londs . ;*"; Provincial Municipal Bonds .. .> . /«‘ ... . All other Investments . . Policies in force in Canada . Payments to Canadian Ordinary . Ordinary Canadian Head Office: Industrial Industrial Policyholders in 1928 . . $ 12,940,046 In Canada: at end of ONE form of life insurance provides education for children at the very time when their education costs most... Another kind of policy tides over enforced idleness because of acciâ€" dent or sickness. Another form of poâ€" licy, paid for in regular installments, is a sound financial investment, as well as a protection. which cover $212,055,277 $106,603,787 $ 79,523,942 $ 25,927,548 $ 49,923,862 $858,536,1 34 $447,016,323 $352,634,050 $ 58,885,761 $171,318,170 $ 64,133,130 $ 57,261,178 siness Life 2,613,867 FREDERICK H. EC Employers and employees join together in buying another kind of insurance which provides leisure and freedom from financial worry in later years. ‘ Business men build needed credit for business with life insurance policies. .. Final) payments on homes are 1 madecertain by insurance. About one person in every five in the United States and Canada shared in the Metropolitan‘s greatest year of service. Vice=President Total expenditures for Health and Welfare Work among Policyholders in 1928 wasâ€" $5,953,211.12. In Canada, 331,075 free nursing visits were made to ‘sick Policyâ€" holders and 2,827,056 Health â€" Pamphlets â€" were distributed. Thursday, March 7th, 1929

Powered by / Alimenté par VITA Toolkit
Privacy Policy