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Article
October 26, 1895

Life Insurance Companies Reduce Fees.

JAMA. 1895;XXV(17):725. doi:10.1001/jama.1895.04280430037011

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Abstract

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

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