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Editorial
November 17, 1932
The Key West Citizen
Key West, Monroe County, Florida
What is this article about?
An editorial defends the stability of old line life insurance companies against rumors spread by the Catholic Daily Tribune, emphasizing their safety over 50 years without failures and superiority to other investments amid economic downturns.
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Full Text
NONSENSICAL TALK
A while ago the "Catholic Daily Tribune" roundly denounced talk concerning the shakiness of old line life insurance companies. It said that the average policyholder is apt to be needlessly worried "on account of nonsensical talk, rumor, hearsay," and concluded that the holders of old line life insurance policies "can rest assured that the companies are safe and that the obligations written into their policy contracts have every humanly possible chance to be met at maturity, despite floods, fires, epidemics and panics. Old line insurance has stood the test as the safest financial institution in the country."
It has been more than fifty years since a policyholder in a legal reserve life company lost due to failure of the concern. The basic principle behind every company is safety. All other factors are of secondary importance. Investments are made, contracts are written, surpluses are built up, all to protect, to the greatest possible degree, the policyholder.
Life insurance owners have little to worry about. They are the most fortunate of all investors. Businesses have shrunk and passed dividends, stocks and bonds have toppled. But an old line insurance policy is apparently as safe. as stable and as profitable today as on the day it was issued.
A while ago the "Catholic Daily Tribune" roundly denounced talk concerning the shakiness of old line life insurance companies. It said that the average policyholder is apt to be needlessly worried "on account of nonsensical talk, rumor, hearsay," and concluded that the holders of old line life insurance policies "can rest assured that the companies are safe and that the obligations written into their policy contracts have every humanly possible chance to be met at maturity, despite floods, fires, epidemics and panics. Old line insurance has stood the test as the safest financial institution in the country."
It has been more than fifty years since a policyholder in a legal reserve life company lost due to failure of the concern. The basic principle behind every company is safety. All other factors are of secondary importance. Investments are made, contracts are written, surpluses are built up, all to protect, to the greatest possible degree, the policyholder.
Life insurance owners have little to worry about. They are the most fortunate of all investors. Businesses have shrunk and passed dividends, stocks and bonds have toppled. But an old line insurance policy is apparently as safe. as stable and as profitable today as on the day it was issued.
What sub-type of article is it?
Economic Policy
What keywords are associated?
Life Insurance
Financial Safety
Policyholders
Rumors
Insurance Stability
Economic Panic
What entities or persons were involved?
Catholic Daily Tribune
Old Line Life Insurance Companies
Policyholders
Editorial Details
Primary Topic
Safety Of Old Line Life Insurance Companies
Stance / Tone
Reassuring And Defensive Against Rumors
Key Figures
Catholic Daily Tribune
Old Line Life Insurance Companies
Policyholders
Key Arguments
Average Policyholders Are Needlessly Worried By Nonsensical Talk And Rumors.
Old Line Insurance Companies Are Safe And Will Meet Obligations Despite Disasters.
Old Line Insurance Is The Safest Financial Institution.
No Policyholder Losses Due To Company Failure In Over 50 Years.
Safety Is The Basic Principle Of These Companies.
Life Insurance Policies Remain Safe, Stable, And Profitable Amid Economic Troubles.