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Domestic News
June 13, 1905
Waterbury Evening Democrat
Waterbury, New Haven County, Connecticut
What is this article about?
Members of the Royal Arcanum in New York and nationwide plan meetings to protest a new life insurance rate schedule that raises premiums for those over 60 while lowering them for younger men, affecting older members most heavily.
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Royal Arcanum Men Protest,
NEW YORK. June 13.--Meetings of many councils of the Royal Arcanum to take action on a new rate schedule of life insurance are scheduled to take place here and throughout the country. Most of the dissatisfaction with the schedule is by the contingent of members who are approaching the Osler age limit and those who are already subjects for the Baltimore doctor's reported remedy, having passed the ripe age of sixty years. On these the burden of the new rates will fall most heavily, as their rates have been raised, while those of men between twenty-five and forty-five years have been reduced materially. It is not the men who have passed sixty years, however, who are the only objectors to the new charges for continued insurance. The younger men realize that the same conditions will meet them in future.
NEW YORK. June 13.--Meetings of many councils of the Royal Arcanum to take action on a new rate schedule of life insurance are scheduled to take place here and throughout the country. Most of the dissatisfaction with the schedule is by the contingent of members who are approaching the Osler age limit and those who are already subjects for the Baltimore doctor's reported remedy, having passed the ripe age of sixty years. On these the burden of the new rates will fall most heavily, as their rates have been raised, while those of men between twenty-five and forty-five years have been reduced materially. It is not the men who have passed sixty years, however, who are the only objectors to the new charges for continued insurance. The younger men realize that the same conditions will meet them in future.
What sub-type of article is it?
Economic
Social Event
What keywords are associated?
Royal Arcanum
Insurance Rates
Protest
Meetings
New York
What entities or persons were involved?
Osler
Where did it happen?
New York
Domestic News Details
Primary Location
New York
Event Date
June 13
Key Persons
Osler
Event Details
Meetings of many councils of the Royal Arcanum to take action on a new rate schedule of life insurance are scheduled to take place in New York and throughout the country. Dissatisfaction comes from members approaching or past sixty years, whose rates are raised, while younger men's rates are reduced. Younger members also object, anticipating future impact.