Document X8qy6z4LYGexbOyRB4yJ89EJ

Mr. G.W. Fltxhugh Supervisor Res 5 '-A-G - The Ruberold Co. This policy iu issued at the "T" rate, but affective December 31, 1931 e increased the rate to T.+52.00 because of an unfavorable experience. For the 5 years since the increase in rate, we have a profit in 4 years and a loss in one year, and the clain rate for the period is 72$. Our profit under the coverage from 1931 to date is approximately $15,000. Also ee have trans ferred $14,000 froa the Accident 4 Health coverage, that is packaged with the Life coverage, giving us a total profit on the ^>ife coverage over the last 5 years of approximately $29,000. The Life coverage showed a loss the first year aftar the rate was increased, but there is a profit in each of the last 4 years, and for this period the claim rate is 6231. Ow surplus for the 4 years, excluding redistribution, is slightly more than $22,000. The group is coded as a textile, and the extra pram-' ium baaed on this is $1.00. However, the company is engaged in the manufacture of rubber coated asbestos materials and shingles, and 1 doubt if an extra premiue is really required. Mr. Bradley of the Administration bureau advises me that he expects a broke in to see him within the next day or two, regarding the eost of the coverage, and be would like to be prepared to offer aft rrMeUdMubcMtioVMn iMm rate. I* msewme MnWo VoWbJjeWcWt*iWo*nS towee rew ducing the rate to T .+51.00. ** f ^ VV J. {/WvA t*-4 ****t The srreesseenngt coverage pfiyrovides Total 4 Peraanent * y`T . 1 Disability Benefit, ML I do not think it advisable to recommend the elimination of theaa banafits, unless we offer the "T" rate for the Extended Death Benefit. The disability claims are net ex cessive. Attached is a eopy of the dividend card. Ton will mote that we ere now paying dividends under both coverages. February 10, 1937 DCB/HM AetuarlgMBiHflbn Group Life(^Health Section Mr,-iMUK>LxrAX LIFE INSURANCE COM3 waytfvnr