SCIENCE. 



[Vol. XI. No. 281 



PE RFECT ED. 

 The Mutual Reserve Fund Life Association. 



E. B. HARPER, 



President. 



SZOnyCE 0:f:PIC3±1S= IPo-b-benr 



TsT. -^. C±-b;3r. 



New and Admirable Features of Its Perfected Plan : 



FEATURE NO. 1: Free Policy, no restrictions upon residence, occupation or travel. 



FEATURE NO. 2: Policy incontestable after five years. 



FEATURE NO. .3: Policy non-forfeitable after five years. 



FEATURE NO. 4: Policy with a cash surrender value after fifteen years. 



FEATURE NO. 5: Policy paid up after fifteen years. 



HO OTHER LIFE INSURANCE COMPANY OFFERS MORE ADVANTAGEOUS FEATURES OR HAS ACHIEYED BETTER RESULTS 



IT HAS STOOD THE TEST OF MORE OFFICIAL EXAMINATIONS THAN ANY OTHEK I>IFE INSURANCE CORPORATION IN' 

 ISTliNCE, AND STANDS TO-DAY INDORSED BY INSURANCE DEPARTMENTS AND ACTUARIES, AS 



The Peer of Any Company in the World. 



The Mutual Eeserve was recently examined in the most critical 

 and careful manner by 



The Insurance Department of Missouri, 



Hon. Alfred Carr, Superintendent, the examination being con- 

 ducted by Hon. E. W. Knott, Deputy Superintendent, and Hon. 

 Aug. F. Harvey, Department Actuary. These gentlemen, in 

 their official report, and an authorized interview thereupon, said 

 as follows : 



EVERYTHING THROWK OPEN. 



" Everything in the offices of the association was thrown open to 

 us. The ejaployees were told who we were, and were instructed 

 that we were the temporary masters of the entire establishment; in 

 short, we were at liberty to do exactly as we likf d, and I can say 

 frankly that we availed ourselves of our privileges to the fullest ex- 

 tent." 



INTEGKITY OF THE MANAGEMENT. 



" There is no question whatever as to the integrity of the com- 

 pany's officers; the books themselves show the condition of things, and 

 they have been kept so correctly that they would at once reveal any- 

 thing wrong. Our inspection of the books showed that the Mutual 

 Eeserve Fund Life Association's affairs are so dovetailed into one 

 another that fraud on the part of the management could be success- 

 ful only in the altogether improbable event of a wholesale conspiracy 

 on the part of the management." 



PAYMENT OF DEATH CLAIMS. 



" We examined each of their claims separately. We saw the evi- 

 dence upon which the claims were cut down in every case. We went 

 into this matter very carefully, for the reason that the company's 

 action with reference to those claims had occasioned wide discussion, 

 and for the further reason that I myself had a certain degree of pre- 

 judice, which had been created by the very publicity which the 

 matter had received. I can say frankly that I did not tind a single 

 claim cut deeper than I myself would have cut it had I been sitting 

 in judgment upon it." "We ascertained that the mortuary fund has 

 in no case been charged with more than the actual amount paid in 

 compromise, the evidence being the correspondence of the item in 

 the account and the check Indorsed by the beneficiary." 



HONESTY, PRUDENCE AND WISDOM. 



" Now, as to your three, questions regarding the honesty, prudence 

 and wisdom of the maragement. The members of the association 

 have been honestly dealt with; the management has been prudent in 

 contesting fraudulent claims, and it has been wise in one sense of 

 the word certainly, and that is in seeing to it that a case was clear 

 before it was adjusted." "The management exercised due caution 

 before settling claims. They acted in good faith toward survivors." 

 "My judgment is that the company conducts its affairs just as a 

 prudent man conducts his private matters, with due regard to econ- 

 omy and the benefit of all concerned." | 



The Association's System of Premiums is exactly 

 as regular as the Level Premium System. Each 

 class of company does something- which the other 

 does not, and each class of company is deserving 

 of patronage for the goods it has to sell. 



AUG. F. HARVEY, 



Actuary Missouri Insurance Department. 

 IT HAS PAID OVER 



$4,702,000 



IN DEATH CLAIMS. 



IT HAS A CASH RESERVE SURPLUS OF 

 $1,546^368.49. 



The Central Trust Company of New York 

 is the Trustee of its Reserve Fund. 



It has accomplished all these results, paid all these claims, 

 accumulated this emergency fund, paid all its expenses, and 

 acquired this splendid reputation, and furnished 



Life Insurance at Less than Half the Rates 



CHARGED BY ITS HIGH-RATE RIVALS. 

 Further information supplied upon application to any of the Man- 

 agers, General or Special Agents in the United States, England, 

 France or Canada, or by applying at the Home Office, Potter Build- 

 ing, 38 Park Row, N.Y. 

 EDWARD B HARPER. President. 



ALFRED TAYLOR, Vice-President. 



E. T. BRAMAN, Secretary. 

 N. W. BLOSS, Resident Vice-Pres. for Great Britain. 



J. W. BOWDEN, M D., Medical Director. 

 Hon. HENRY J. RHINMUND, late Supt. Ins. Dept. of Ohio, 



Comotroller. 

 SAMUEL A. ROBINSON, M.D., Chairman Investment Com. 

 WILLIAM MILLER, Director of Agencies. 



TAYLOR & PARKER, Attorneys 



G. R. McCHESNEY, Adjuster. 



THE CENTRAL TRUST COMPANY OF NEW YORK. 



Trustee of the Tontine Eeserve Fund. 



