Snover & Mothersill

- -3 JJATIONAL LIFE INSURANCE COMPAN?, OF THE UNITED STATES OF AMERICA, Washington D. C. CU ARTÉRED "TWfefe CASH SPECIAL ACT OF COSGRBSS , %JJf''U:X (IA il Af Jal y 2th 1868. S $1,000,000 BRANCH OFFICE, PHILADELPHIA. CLARENCE II. OLA.SK, President. JAY COOKE, Ghairman Finance & Exccutive Ccmmitteè EMERSON W. PEET, Sccreiary & Actuary. Cash Capital and Accumulatioiis, Jan. 1, 1871, aboiu $1,800,060. Kumbcr of Policies Inved In the tvvo jears of the Oouipauy's Kslstcncc, 12,W5. AinouHt of Insiaraft'c'e, Í31, 650,312. Animal Premiums, f 1,178,633 48. TEE LEABING STOCK COMPANY OF THE GOMUÍ AVliose Distinguishcd Featvrea Are : The Stock Plan. ow Rate, Ai.l Cash Premiums. A Paid cp Cash Capital of Si, 000,000 A Contract, Simple, Defixite, akd ÊA6tLY Ünderstood. A POLICT COXTAINING EvEKYTHINO PjïOMISED BT THE CoMPANY, AND ílH FkOM ÜNNEOEBfART RK6TRICTION8. AppueatioBS for Ageucles or for Policies may bB made to tJESERAI. AQBNTB FOK MICHIGAN, NORTHERN INDIANA AND WE:TERN OKÏAK OFFICE 156 JEFFERSON AVENUE, D12T3OIT. 0 "With the new year tlie Company extends its protection to its new rons by issuing a inore liberal policy than heretofore, containing fewer strictions on occupation, residence and travel, wiiich is designed to in tlie deniands of tlie times - Americans being proverbially a tramling p ple. The iusured are by its policies permitte to travel or reside in a part of the world within the Températe Zones, without the troubleso necessity of procuring a pertnit, or the imposition of an extra charge No restrictions are imposed upo:i oecupatious, except upon the few wh are recognized as speeialiy hazarduus. The new Special Non-Forfeiting features juat adopted will still m increase the well known popularity of the National, ït is a modifica!: of the Massachusetts Law, but sliorn of its disadrantages. A few en pies wil! show the differenee between the Massachusetts uon-forfeiture l and the Flan adopted by this Coinpany. By the Massachusetts Law a pol:cy, issued at age 45, premiums for! after 5 annual payinents, will remain in force 4 years and 306 days at the payments cease ; but the unpiid prerniuins with interest a6j cent, are ptrmiüed tobe deducted froin tlie policy if it beeomesacla before the expiration of the Term Insurance. By the Special non-forfeiting plan of the National, the same kind policy at gamt ago, after 5 annual payments, would be exchanged fo paid up Term Policy extending 4 years and 73 days ; and siiould the sured die before the expiratiou of that time, the fuU amount of the powould be paid. In the case of a ten annual payment Ordinarjr Life policy, issued at 40, after 5 annual payinents the Massachusetts Law gises Term Insuraa fornearly 14 i years- subject to deductions of unpaid premiums aa beto stated. Suppose the insared dies jnst before the Term Insurance expires,' premiums, $01.68 (on $1,000) at 6 per cent. int. for 5 years (to the enJ the ten years) and interest continued till the fourteen years expire, amount to $560.40, which, deducted from the amount of the policj, leave $439.60 actual insurauce. The same kind of policy, in the National, at the same age, and tá oiily $46 45 per $1000 for the ten years, after 5 annual payments, ws be exchanged for a paid up Term Policy, for the f uil amount of the op inal policy, extending nearly 12 years. The same Special non-forfeiting features applied to Endowment d': anee, results still more in favor of the policios issued by the Nat'05' (See examples of the workings of this plan as applied to Endowmenti the Company 's líate Circular.) The foregoing illustrations are based upon cash premiums - the pflj ums in the National are always cash ; most of the Massachusetts öjj panies allow a choice of all cash or part note or loan. liad the illnít! tions been calculated upon the loan plan (varying from 30 per cent-W; per cent note) the resalt would have still fnrther favored the all-cash) ''■ participating rates of the Stock Plan of insurance as practiced by ■ National ; the outstanding notes, with interest, in addition to the unp' premiums being deducted from the amount of the policy. In addition to this Special non-forfeitina plan, the National sttl tains its former plan of non-t'orfeiture of giving paidup policies fot F portionate amounts of the original policies. The insurer must eloct time of making his application, upon which plan of non-forfeitnre w have his policy written. The choice cannot be made at the time 01 render or change. W. W. WHED0ÍÍ, and CHAS. E LATINES, i806t( gents at Ann Arboiv _ , _ . ■