This article is only available in the PDF format. Download the PDF to view the article, as well as its associated figures and tables.
La Fayette, Ind., Oct. 13, 1895.
To the Editor:
—... Both the Equitable and the New York Life Insurance Companies have lately adopted the graded scale of fees to local medical examiners, thus:For three thousand dollars or less of insurance . . . $3.For from three to twenty-five thousand. . . . . . . 5.To be brief and plain, I inclose the blank just received from the New York Life Insurance Company; it explains itself.By the examination of the books of one of our oldest and most reliable life insurance agents in La Fayette, I find that nine out of ten applications for policies are for a less sum than $3,000 insurance showing that this graded scale of fees means a cut of about 40 per cent, from old and established rates. I do not believe that the doctors throughout the country appreciate this, and I wish most earnestly that you would write one of
Vinnedge WW. Life Insurance Companies Reduce Fees. JAMA. 1895;XXV(17):725. doi:10.1001/jama.1895.04280430037011
Customize your JAMA Network experience by selecting one or more topics from the list below.
Create a personal account or sign in to: