LUSE, J.P. - Covington - Fountain County INGenWeb Project

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LUSE, J.P. - Covington

Source: Fountain Ledger, Covington, Indiana, Friday, Oct 3, 1851 p 4

Kentucky Mutual Life Insurance insurance company - guaranty Fund, $100,000. This company offers to the insured all the security and advantages of the "Mutual" and Joint Stock Plans (as heretofore applied) combined, namely: low rates of premium; an annual return in cash of the percentage required for the contingent risk of the year; an adequate but not excessive provisions for the future security of members for the whole term of life, which an equitable interest in the accumulating fund secured to such members, payable at death, by credits upon their policies; a guaranty fund designed for the permanent security of short term members and also for the present security of those for the whole term of life.  This is the only Mutual Life Insurance Company whose rates of premium are fixed at a fair reduced standard with a provision for an annually increasing accumulation of funds (for future security) in exact proportion to the amount of business and the increasing risk from advancing age among the members.  Pamphlets, Tracts & c giving in detail the plan and rates of the Company furnished gratis, and Applications of Insurance received by JP Luse, Agent.   Dr. JG Talbot, Medical Examiner. Covington, July 11, 1851 ...

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