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THEJUNDERWRITER PRINTING AND
NEW YORK, N. Y.
In every respect the year 1916 was the greatest in The Prudential's history. All previous achievements were surpassed. New policy features were offered to the insuring public and the maximum of Prudential service and Prudential protection, prompt payments, absolute safety, all at the minimum of cost and at the lowest expense-rate, continued as the Company's firmly established policy.
It is a pleasure to quote the following items dealing with the record of The Prudential during 1916 and its financial condition at the close of the year: Assets
Million Dollars Liabilities
...nearly 41034 Million Dollars
Payments to Policyholders since Organization,
plus amount held for their security. .. over 858 Million Dollars Paid-for Insurance Issued and Revived during 1916...
over 591 Million Dollars (Including Ordinary Insurance of more than $221,000,000) Increase in Paid-for Insurance in Force...... over 282 Million Dollars Real Estate Mortgages, consisting largely of farm loans.....
over 114 Million Dollars Paid Policyholders during 1916.
over 47 Million Dollars Dividends payable in 1917..
..... over 13 Million Dollars Paid to Policyholders or their beneficiaries $156,000 each business day in 1916 Paid an average of 537 death claims each business day in 1916
Nearly 15 Million Policies in Force, insuring over
3 BILLION 92 MILLION DOLLARS Beginning business in 1875, The Prudential has achieved results unequaled by any other company during so short a period of time
Following mutualization, about five million dollars was paid or credited in dividends to policyholders in 1916 on contracts which did not call for such payments. Over $5,400,000 was set aside for similar payments to policyholders during 1917. The remarkable figures shown above and this wonderful growth reflect
anew_the confidence the insuring public has in
aims, its achievements and its service.
THE PRUDENTIAL INSURANCE
COMPANY OF AMERICA
Home Office: NEWARK, N. J.
The Mutual Life Insurance Company of New York is the oldest life company in America, having begun the issue of policies February 1, 1843. It has always been a leader among American companies; conservative, but abreast with the foremost in progressive methods of real merit. The aim of the management is “Pre-eminence in Benefits to Policyholders," rather than supremacy in size or in volume of business written.
The Company is especially noted to-day, as it was in the beginning, for its large annual dividends and its low net cost. Since 1906 it has issued only participating policies, on which it pays dividends annually, including a dividend at the end of the first year; after payment of the second year's premium every dividend is payable when apportioned, whether the accruing premium is paid or not. A postmortem dividend is payable on annual dividend policies, even in case of death before the end of the first year. The sum of $17,518,116.46 was paid to policyholders in dividends in 1916, while $20,435,398.77 has been set aside for dividends to be paid in 1917.
Cash, paid-up or extended insurance surrender values after three full years' premiums have been paid. Loans, at 6 per cent. interest, payable at the end of the policy year, are available at any time after three full years' premiums have been paid, even at the end of the first year,
Policies are free from restrictions as to occupation after one year and incontestable after two years. Free from restrictions as to military or naval service after one year, and, as to residence or travel, from date of issue,
Claims payable immediately on receipt of completed proof. Total payments to policyholders in 1916 amounted to $68,654,843.80, which was $6,748,758.97 more than was received from them in premiums.
Women are insured at the same rates as men.
For Terms to Producing Agents, Address
GEORGE T. DEXTER, Second Vice-President
34 NASSAU STREET, NEW YORK, N. Y.
PAGE Acceptable Federal Sureties.
235 Accident and Health Insurance Defined..
435 Accident Associations, Mutual.
187 Accident Insurance Companies in the U. S. Officers, Directors, Etc.
155-186 Accident Insurance Companies. 1916 Statement Figures.
215 Accident Preventian, Live Articles on..
426 Actuarial Society of America..
311 Ætna Insurance Company.. Agency and Brokerage Laws, States Having.
419, 422 Almanac for 1917-18..
XV American Central Life.
97 American Conflagrations
232 American Experience, Table of Mortality
233 American Life Convention..
311 Annual Fire Waste...
231 Annual Statement. Figures of all Companies, Fire, Life, Casualty and Fraternals. 193-220 Anti-Coinsurance Laws, States Having..
416 Anti-Compact States..
416 Anti-Discrimination Laws, States Having.
417 Anti-Rebate Laws, States Having.
417 Areas of States and Territories..
437 Assessment Life Organizations in the U. S..
153 Association of Life Insurance Presidents..
313 Associations, Mutual Accident..
187 Association of Superintendents and Captains of Fire Patrols, Etc.
262 Associations of Underwriters--See "Federations," and "Organizations of Under
writers." Atlas Assurance Company, Ltd..
49 Automobile Coverage, Complete. Synopsis of State Laws Governing.
425 Automobile Insurance, Companies Writing.
237 Automobile Liability Insurance Defined.
434 Automobile Underwriters' Conference, Etc.
.270-279-282-329 Baggage Insurance, Companies Writing.
242 Bankers' Accident Insurance Company.
160 Blue Goose.....
268 Bonding Companies in the U. S. Officers, Directors, Etc.
155-186 Bonding Companies, 1916 Statement Figures.
215 Boston Insurance Company.
419, 422 Brooklyn Fire Insurance Premiums.
221 Business Failures in the U. S..
234 Business Life Insurance Defined.
430 Calendars for 1917-1918...
1 Canadian Insurance Department Officials.
395 Capital Stock Changes by Insurance Companies in 1916-17.
255 Casualty and Miscellaneous Insurance Companies, 1916 Statement Figures..
215 Casualty and Miscellaneous Insurance Companies in the U. S. Officers, Directors, Etc.
155-186 Casualty and Surety, Experience in 1916.
236 Casualty Companies Organized in 1916-17.
250 Casualt Lines Written by Casualty Companies.
243 Casualty Underwriters' Organizations. National
337 Changes in Official Staffs of Companies.
246 Changes of Name, by Insurance Companies, 1916-17
254 Changes of Plan by Insurance Companies, 1916-17
254 Chicago Bonding and Insurance Company.
162 Cities of the United States, Population of.
438 Coinsurance Clause, Illustrations..
434 Coinsurance Defined
433 Collision Insurance Defined.
435 Combination Fire and Casualty Automobile. Coverage.
238 Commercial and Industrial Health and Accident Insurance, Defined.
435 Companies formed in 1916-17..
249 Companies Having Underwriters' Agencies..
92-94 Companies Retired in 1916-17.
252 Companies Writing Certain Casualty Lines..
243 Companies Writing Complete Covers in Automobile Insurance.