From the Commebcial Wobld and U. S' 
Exbobteb, New York, January, 2, 1886. 
Life and Accident Insurance. 
A BECENTLV OBGANIZED AND ABLY MANAGED AS- 
SOCIATION. 
NO form of life insurance is more popular 
at the present time than that based 
upon the assessment principle, for the simple 
reason that members of such associations pay 
onlyfor the amount of insurance they receive, 
and are not compelled to contribute toward 
the profits of stockholders, the emoluments 
of trustees, or the aggregation of millions in 
which they are allowed no interest, and over 
which they have no control. It is life insur- 
ance, pure and simple, at the actual cost, and 
experience has shown that well managed in- 
stitutions of the kind furnish perfect safety at 
much less than the expense of insurance in 
the old-line companies. These associations 
are eminently in keeping with the spirit of 
the age; they invite the co-operation of rich 
and poor, all members having a voice in the 
administration of affairs, and the plan is de- 
void of those;needless complications and actu- 
arial mysteries which have hitherto rendered 
the subject of life insurance almost incompre- 
hensible. 
There has recently been organized in this 
city an association which combines the busi- 
ness of life and accident insurance under such 
judicious regulations as give it important ad- 
vantages over its predecessors, while the man- 
agement of its affairs is in such able and ex- 
perienced hands that success is assured from 
the beginning. We refer to the United 
Life and Accident Insubanoe Association, 
chartered under the laws of the State of New 
York, and conducted under the supervision of 
the Insurance Department of the State. 
The following is a brief outline of its sys- 
tem of operation: The Association is purely 
matual, every member having a vote at the 
annual election of the directors, and any per- 
son of good moral character, in good health, 
between the ages of twenty and sixty-five 
years, is eligible for membership. Applicants 
are required to pass a strict medical examina- 
tion, Certificates of membership are issued 
for sums ranging from $1,000 to $10,000 death 
benefit; and certificates for accident benefit 
are issued to members desiring to join that 
branch of the institution, the weekly benefit 
in case of accident varying from $10 to $50. 
The annual dues cover all expenses of manage- 
ment, assessments being made only upon the 
death of a member. The moneys from this 
source are deposited with a trust company 
and can be applied only to the paymeat of 
death benefits. Thirty days’ grace is allowed 
for the payment of assessments and renewal of 
annual dues, and benefit claims are paid in 
ninety days after the reception of satisfactory 
evidence of death. 
Those who become charter members will 
have the advantage of more favorable terms 
than any similar association offers, and lower 
rates than this Association will name after the 
completion of the list of charter members. 
As the list is rapidly filling up, epeedy ap- 
plication will be requisite in order to secure 
enrollment. 
A novel feature of this Association is the 
system of “Club Insurance,” by means of 
which the members secure absolute protec- 
tion for their families or other beneficiaries 
after their decease, and at the same time real- 
ize benefits for themselves while living. The 
plan is simple, certain, and highly advan- 
tageous,as the benefits increase with advancing 
years much faster than the increase of aggre- 
gate assessments. This plan has received the 
approval of large numbers of our ablest finan- 
ciers and most prominent business and pro- 
fessional men, and will doubtless prove an 
important department of the business of the 
Association, 
The following in the list of directors of ihe 
Association, and a glance at their names will 
show that the affairs of the institution could 
not have been confided to more capable man- 
agement: Hon. H. H. Van Dyck, President— 
President American Safe Deposit Co., Fifth 
avenue and 42d St., N. Y.—Ex-Assistant 
Treasurer United States; Chauncey T. Bowen, 
Vice President—formerly of the firm of Bowen 
Brothers, Chicago, 111.; AugustusStorrs, Esq., 
Treasurer, 34 Monroe Place, Brooklyn, N. Y.— 
formerly of the firm of Storrs Brothers, N. Y.; 
Miles B. Carpenter, Esq., President Brooklyn 
Paper Mills and member of the firm of H. A. 
Philp & Co.; Hon. Peter Bo we, Ex-Sheriff N. 
Y. County; Leonard Paulson, Jr, Esq., of 
Buckingham & Paulson, 83 Leonard street, N. 
Y.; Conrad M. Gilbert, Esq., of Gilbert & 
Bacon, Philadelphia, Pa.; Cyrns A. Sears, 
Esq., 7 Warren street, N. Y.; Harry Wilber, 
Esq., Counselor at Law, 31 Pine street, N. Y- 
The Secretary is Mr. Benj. F. Crane, Jr.; 
Medical Examiner for Home District, Henry 
T. Boyle, M. D.; Superintendent of Agencies, 
Mr. M. A. Frisbie; Counsel, Mr. Harry Wil- 
ber. The home office is located at No. 44 
Broadway, New York.