INSURANCE AT PINEY WOODS. 41
COMPETING LIFE INSURANCE ESTIMATES.
There are chumps in this town that says we can't compete with the old line high-priced life insurance companies and that the Bankers and Capitalists Life Protective Association of Waugoo, Ala., is not in it when it comes to doing well by policyholders. Well, ain't it now? Just ask Mr. Lewis Hanks, the lucky man of Piney Woods. Last week he came to us with one of these estimates that the high-priced agents are giving around and asked us what about it. We looked at it and the contempt that we felt must have been noticed by Mr. Hanks. We told him to wait till next day and we would show him an estimate that was an estimator And we done it without turning a hair. He wanted a twenty-pay tontine policy for $5,000, and we showed hint what liberal estimates was. To begin with, the old line company wanted to charge him $42.73 a thousand. We took the heart out of that watermelon by estimating an assessment of only $29.20 per thousand—not much over half. First blood for the Waugoo champion. The old line company estimated that at the end of the period Mr. Hanks would get $6,705 in cash if he wanted it (as if he could get twenty years older without accumulating sense enough to want it), $9,IOO paid up, or a surplus of $3,900 in cash and the policy go on. We believe some-thing was said about a horse and buggy or a bicycle thrown in. Now see what the Waugoo champion done. We estimated him $7,602 in cash, $10,325.67 paid up, or