Mutual Life Insurance Research Articles

Investing Life Insurance Funds

of savings has played an inINSTITUTIONALIZATION creasingly important part in the American economy for several years, and from all indications will continue to be a significant factor. According to a recent statement by Haughton Bell, vice-president and general counsel for Mutual Life Insurance Company of New York, savings and loan associations, savings banks, and life insurance companies now hold 80% of the private debt in the United States.

SOME OBSERVATIONS ON RECENT STUDIES OF INVESTMENT RISK*

The Journal of FinanceVolume 8, Issue 2 p. 99-112 Reports on Maturing Research SOME OBSERVATIONS ON RECENT STUDIES OF INVESTMENT RISK* Eleanor Bagley Daniel, Eleanor Bagley Daniel The Mutual Life Insurance Company of New YorkSearch for more papers by this author Eleanor Bagley Daniel, Eleanor Bagley Daniel The Mutual Life Insurance Company of New YorkSearch for more papers by this author First published: May 1953 https://doi.org/10.1111/j.1540-6261.1953.tb01147.x †This paper is one of three presented at a meeting of the American Finance Association in Chicago on December 27, 1952. The program was planned by Donald B. Woodward, The Mutual Life Insurance Company of New York, and was under the chairmanship of Harold Fraine, University of Wisconsin. Read the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinked InRedditWechat Volume8, Issue2May 1953Pages 99-112 RelatedInformation

Mutual Life Insurance Companies. Policyholder's Derivative Suit against Directors Barred Because of His Failure to Demand Action by Other Policyholders

Mutual Life Insurance Companies. Policyholder's Derivative Suit against Directors Barred Because of His Failure to Demand Action by Other Policyholders

Clark, Dodge & Co., 1845–1945: A Brief History, Marking the Completion of a Hundred Years of Activity on Wall St.New York: Privately printed for Clark, Dodge & Co., 1945. Pp. 45. - The First Century of the Connecticut Mutual Life Insurance Co., 1846–1946. By John W. Colton. Hartford: Connecticut Mutual Life Insurance Co., 1946. Pp. 95. - Pioneers in Industry:

Clark, Dodge & Co., 1845–1945: A Brief History, Marking the Completion of a Hundred Years of Activity on Wall St.New York: Privately printed for Clark, Dodge & Co., 1945. Pp. 45. - The First Century of the Connecticut Mutual Life Insurance Co., 1846–1946. By John W. Colton. Hartford: Connecticut Mutual Life Insurance Co., 1946. Pp. 95. - Pioneers in Industry: The Story of Fairbanks, Morse and Co., 1810–1945. Chicago: Fairbanks, Morse and Co., 1945. Pp. 159. - The Magic Powder: History of the Universal Atlas Cement Company and the Cement Industry. By Earl J. Hadley. New York: G. P. Putnam's Sons, 1945. Pp. xiv, 382. $3.50. - The First Hundred Years of An American Institution: The Story of Johnson and Higgins, Insurance Brokers and Average Adjusters, 1845–1945. New York: Johnson and Higgins, 1945. Pp. 108. - Volume 7 Issue 1

A Century of American Life Insurance: A History of the Mutual Life Insurance Company of New York, 1843-1943. Shepard B. Clough

Previous articleNext article No AccessBook ReviewsA Century of American Life Insurance: A History of the Mutual Life Insurance Company of New York, 1843-1943. Shepard B. Clough A. H. MowbrayA. H. Mowbray Search for more articles by this author PDFPDF PLUS Add to favoritesDownload CitationTrack CitationsPermissionsReprints Share onFacebookTwitterLinkedInRedditEmail SectionsMoreDetailsFiguresReferencesCited by Journal of Political Economy Volume 55, Number 2Apr., 1947 Article DOIhttps://doi.org/10.1086/256494 Views: 1Total views on this site Copyright 1947 The University of Chicago PressPDF download Crossref reports no articles citing this article.

Business Leadership - A Century of American Life Insurance: A History of the Mutual Life Insurance Company of New York, 1843–1943. By Shepard B. Clough. New York: Columbia University Press, 1946. Pp. xiii, 402. $4.50.

Business Leadership - A Century of American Life Insurance: A History of the Mutual Life Insurance Company of New York, 1843–1943. By Shepard B. Clough. New York: Columbia University Press, 1946. Pp. xiii, 402. $4.50. - Volume 6 Issue 2

A Century of American Life Insurance: A History of the Mutual Life Insurance Company of New York, 1843-1943

A Century of American Life Insurance: A History of the Mutual Life Insurance Company of New York, 1843-1943

A Century of American Life Insurance. A History of the Mutual Life Insurance Company of New York 1843-1943.

A Century of American Life Insurance. A History of the Mutual Life Insurance Company of New York 1843-1943.

The Penington-Penn Bible, Prayer Book, and Psalter: Notes on the Rare Volume Now in Possession of The Penn Mutual Life Insurance Company of Philadelphia

The Penington-Penn Bible, Prayer Book, and Psalter: Notes on the Rare Volume Now in Possession of The Penn Mutual Life Insurance Company of Philadelphia

Life Insurance Saving of American Families

LN I935 and I936 American families paid out each year about 2.8 billion dollars for net life insurance premiums. In estimating the saving of American families for I935-36, the National Resources Committee 1 assumed that ioo per cent of such premiums constitute saving. Dr. Rufus S. Tucker has criticized this assumption,2 stating that it is not correct since part of the payments go to cover current protection and costs of collection and administration. After consultation with insurance experts, Tucker estimated that instead of ioo per cent, the proportion of such premiums that add to saving was 67 per cent in the case of families with incomes over $2500 a year, 62'2 per cent in the case of families with incomes between $I500 and $2500, and 6o per cent in the case of poorer families. It is true that of the 2.8 billion dollars paid for net premiums about i.o billion went to pay death losses in excess of reserves and to cover other costs. However, Tucker neglected to take account of interest credited to policy-holders during this period which amounted to about 0.7 billion dollars. The increase of assets of the policy-holders was then 2.5 billion dollars, or nearly 90 per cent of net premium payments to the insurance companies. This percentage is closer to that assumed by the N. R. C. than to that assumed by Tucker, which averaged about 6 I per cent. On the other hand, as Tucker pointed out in a letter to the author, if insurance interest is included in saving (as it certainly should be), it should presumably be included in income; 3 and this the N. R. C. failed to do. However, the omission of this item from income of individuals makes a difference of only i per cent, whereas its omission from saving makes a difference of about iO per cent. The proportion of a given insurance premium that constitutes saving depends, of course, upon the type of policy, the age of the insured at issue, the age of the policy, the interest rate, and also upon the Company. For any particular case the proportion is simply the ratio of the increase in cash value, as given in the policy, to the net annual premium. I am indebted to B. F. Blair, Actuarial Assistant to the Provident Mutual Life Insurance Company, for the following figures for the ratio of increase in cash value during 1936 to net annual premium, for policies issued 5, io, and 20 years previously to men 25, 35, and 45 years old:

Frontispiece: William Penn's Treaty with the Indians

Frontispiece: WILLIAM PENN'S TREATY WITH THE INDIANS Painted by Benjamin West in 1771 for Thomas Penn, son of William Penn. Bought from the Penn heirs in 1851 by Joseph Harrison, in London, and brought to Philadelphia. Delivered by Joseph Harrison to the National Museum (Independence Hall) in 1873 for exhibition, and bequeathed by him at his death in 1874 to the Pennsylvania Academy of the Fine Arts, with other pictures, "to be left on deposit in the National Museum on free exhibition to the people of Philadelphia as long as the City provides a proper place for them and takes proper care of them." Reproduced, with the permission of the Pennsylvania Academy of the Fine Arts as one of a series of twelve subjects illustrating "American Life," appearing on the 1941 calendar of the Provident Mutual Life Insurance Company of Philadelphia, by the Ketterlinus Lithographic Manufacturing Company, to whose courtesy the Friends' Historical Association is indebted for the copies supplied for this issue of the Bulletin. ...

The Role of Psychology in Race Survival

Two paths for future progress seem possible for the Negro in America: development of the separate culture forced on us by historic events, or absorption into the total flow of American life. Our racial history to date shows that we have made notable but insufficient advances in both directions. We could debate interminably on which direction would be the better were a specific decision necessary. But we can agree on the important point that our success in any direction lies in our ability to make the most of whatever advantages and opportunities happen to be open to us. If we are to develop within a separate culture-a culture parallel and equal to white culture-we must have men of vision to forge ahead in commerce, industry, education, and government to provide the economic and political leverage which makes jobs for our children and guarantees their right to enjoy life and liberty. We will need many leaders of the kind who made Tuskegee Institute, BethuneCookman College, Wilberforce University, the North Carolina Mutual Life Insurance Company, the Pittsburg Courier and the African Methodist Episcopal Church realities. If, on the other hand, we choose to seek unity in the melting pot of American homogeneity, we must have men, and more men, like the architect in California, the chemist at Tuskegee, the musical director of a West Coast radio network, the industrial chemist of a Chicago firm, the chief cartoonist of Esquire magazine, the radio technician of the Canadian Navigation Company, the chief engineer of an Erie Pennsylvania, radio station, the civil engineer in Des Moines, and so on down the list of men who are working quietly and efficiently at jobs usually reserved for white men. We must produce men who can compete on an independent basis in an indifferent world. Our future may be expected to involve progress on both cultural and individual levels of achievement. Implications of color and consequent prejudice suggest that the separate culture may be a permanent feature of the life of the Negro in America. But the successes of numerous individuals encourage our faith that whenever there is a Negro who can do a job better than the competing white man can do it, he will have a chance, however slight, of getting the job. The important fact for consideration here is that our salvation as a race may lie in the conscious selection of our best individuals for training for leadership. Modern techniques of education, developed by psychologists, enable estimation (with remarkable accuracy) of the potentialities for leadership possessed by the child of seven years; we even can get a fair notion of the pre-school child's abilities and prognose his developmental limitations. The means are now available for the early selection of those children who have the ability to pioneer fields virgin to Negro exploitation and to cultivate areas of production which will fructify in economic security. Until now we have failed, however,

Notes on the Practical Application of the Contribution Method of Distributing Surplus

It is now almost seventy years since Sheppard Homans, then actuary of the Mutual Life Insurance Company of New York, described in a paper presented to the Institute (J.I.A. Vol. XI, p. 121) a new method of surplus distribution, devised by himself and D. P. Fackler. The new method was one which had been applied by them for the first time in the surplus distribution of the Mutual Life in 1863. That method, known as the Contribution Plan, has since been universally adopted in the United States and Canada and is thus the method of surplus distribution which is and for many years has been applicable to the larger part of the life insurance in force throughout the world. The method was not received with favour by British actuaries nor, except possibly in isolated cases, has it ever been applied in Great Britain. The methods of T. B. Sprague and T. G. C. Browne, while frequently referred to as “contribution” methods, are of a different character from Homans’ method and differ from it radically both in principle and in practical application.

Life Insurance. By J. B. Maclean, F.F.A., F.I.A., F.A.S., Assistant Actuary, Mutual Life Insurance Co. of New York. [Pp. 423. M'Graw-Hill Book Co. Inc., New York.

Life Insurance. By J. B. Maclean, F.F.A., F.I.A., F.A.S., <i>Assistant Actuary, Mutual Life Insurance Co. of New York</i>. [Pp. 423. M'Graw-Hill Book Co. Inc., New York.

Life Assurance. By Joseph B. Maclean, Assistant Actuary, the Mutual Life Insurance Company of New York. [Pp. 423. London: McGraw-Hill Publishing Co., Ltd. 1924. Price 17s. 6d.

Life Assurance. By Joseph B. Maclean, <i>Assistant Actuary, the Mutual Life Insurance Company of New York</i>. [Pp. 423. London: McGraw-Hill Publishing Co., Ltd. 1924. Price 17<i>s</i>. 6<i>d</i>.

THE BLOOD PRESSURE OF HEALTHY MEN AND WOMEN

This study is based on the record of risks accepted at standard rates by the Mutual Life Insurance Company of New York for the years 1907 to 1919, inclusive. More than 95 per cent, of the readings were taken by our New York City examiners and our medical referees and their immediate assistants. In the earlier years, no readings were taken except by these examiners, but in the later years a few reports were made by our other examiners in the field. These reports amounted to less than 6 per cent in the year 1919. In the earlier years, most of the readings were obtained by palpation, but since 1915 nearly all of them have been taken by auscultation. The readings were taken while the applicant was seated, and the apparatus was at about the level of his heart. A wide cuff was employed, and in most cases the Tycos

Carriers. Liabilities for Injuries. Owner of Elevator. Wilmarth v. Pacific Mutual Life Insurance Co. of California, 143 Pac. (Cal.) 780. Dictum

Carriers. Liabilities for Injuries. Owner of Elevator. Wilmarth v. Pacific Mutual Life Insurance Co. of California, 143 Pac. (Cal.) 780. Dictum

Insurance. Life Insurance. Conditions. Edmonds v. Mutual Life Insurance Co., 144 N. W. (S. D.), 718

Insurance. Life Insurance. Conditions. Edmonds v. Mutual Life Insurance Co., 144 N. W. (S. D.), 718

Supreme Court of the United States. Northwestern Mutual Life Insurance Company, Petitioner, v. J. William McCue, Samuel, O. McCue, Harry M. McCue and Ruby G. McCue, Infants, by Marshall Dinwiddie, Their Next Friend, et al. (October Term, 1911.) [February 19, 1912.

Supreme Court of the United States. Northwestern Mutual Life Insurance Company, Petitioner, v. J. William McCue, Samuel, O. McCue, Harry M. McCue and Ruby G. McCue, Infants, by Marshall Dinwiddie, Their Next Friend, et al. (October Term, 1911.) [February 19, 1912.

Insurance: Mutual Life Insurance: Invalid By-Law: Waiver of Breach

Insurance: Mutual Life Insurance: Invalid By-Law: Waiver of Breach