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Snover & Mothersill

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FATI O 3ST -A.L LIFE INSURANCE COMPANY, OF THE UNITED STATES OF AMÉRICA Waishington D. C. Q ,„ tl I Cl 1 A RTÈ KEI ) "■-TB ' ' CAS H SPECIAL ACTOFCUNÜRESS &W !E3&gí (jAl 11 ALj July 25iA 1868. % SÊ&jts $1,000,000. BRANCH OFFICE, PHILADELPHIA. , o - CLARENCE II. CLARK, President. JAY COOKE, Chairman Finance & Executive CommitUe. EMERSON W. PEET, Sccretary & AcPuary. Cash Capital an3 Accumulatlons, Jan. 1, 1871, about f 1,800,000. Number of Policios issued In the two years of the Company's Exlstence, 12,865. Amount of Insurance, f31,050,312. Annual Premiums, 11,178,683 48. THE LËADÏNG STOCK C0MPANY OF THE COUNTRY VVIiose Distliiguislied Features Are i 1 The Stöük Plan. ow Rate, All Casr PííeMiuííb. A Paid up Cash Capital of $1,000,000. A CüNTKACT, SlJU'LE, DfeFINITE, AND EaSILY UnDKBSTOOD'. A POLICT CoNTAIXItrtï EvËKYTHING PrOMBED ÖT THB CoÜPAMY, ANÖ FbEK Krom Unnecessary Rkstrictioks. Applications for Agencies or ior Pollcks may be made lö GENERAL AGENTS FOK MICHIGAN, NORTHERN INDIANA AND WESTERN ONTARIO. OFFICE 1S6 JBFFBRSON AVENUE, DETROIT. o With the new year the Company extcnds its protection to its new patrons by issuing a more liberal policy than lieretotbre, containing fewer reBtrictione on occupation, residence and travel, wbich is designed to meet the demande of' tlie times - Americans being proverbially a traveling peopie. The insured are by its policiee perinitteu to travel or reside in any part of the world within the Températe ZoneSj without the troublesome uecessity of' procuring a pennit, or the irnposition oí' an extra charge. - No restrictkms are imposea upon occu)atious, except upon the few which are recognized as specially hazardous. The new Special Non-Forfeiting features just adopted will still more incrcasé the well known popularity of the National. It is a modification of the Massachusetta Law, but shorD of its disadvantages. A few examples will show the difference between the Massachusetts non-forfeiture law and the Plan adyptcd by tbis Company. By the Massachusetts Law a policy, issued at age 45, premiums for Ufe, after 5 annual payments, will remain io forcé 4 years and 306 days after the payments cease ; but the unpaid premiums with interest at 6 per cent, are ptrmitted to be deducted from the policy if it becomes a claim before the expiration of the Term Insurance. Bv the Special non-forfeiting plan of the National, the same kind of policy at same age, after 5 anuual payments, would be exchanged for a paid up Term Policy extending 4 years and 73 days ; and should the insured die before the expiration of that time, the fuü amount of the policy would be paid. In the case of a ten annual payment Ordinary Life policy, issued at age 40, after 5 annual payments the Massachusetts Law gives Term Insurance fornearly 14 J years - subject to deductions of unpaid premiums as bafore stated. Suppose the insured dies just before the Term Insurance expires, bis premiums, $61.68 (on $1,000) at 6 per cent. int. for 5 years (to the end of the ten years) and interest continued till the fourteen years expire, wil! amount to $560.40, which, deducted from the amount of the policy, will leave $439.60 actual insurance. ■ The same kind of policy, in the National, at the same age, and costing only $46.45 per $1000 for the ten years, after 5 annual payments, would be exchanged for a paid up Term Policy, for the f uil amount of the original policy, extending nearly 12 years. The same Special non-forfeiting features applied to Endowment insuranee, results still more in íávor of the policios issued by the Nationax. (Sec examples of the workings of tbis plan as applied to Endowments in the Company's Kate Circular.) The foregoing illustrations are based upon cash premiums - the premiums in the National are aiways cash ; most of the Massachusetts Companies allow a choice of all cash or part note or loan. Had the illustrations been calculated upon the loan plan (varying from 30 per cent. to 50 per cent note) the result would have still fnrther favored the all-cash, nonpartieipating rates of the Stock Plan of in.-urance as practiced by the National ; the outstanding notes, with interest, in addition tö thé unpaid premiums being deducted from the amount of the policy. In addition to this Special non-forfeitinsr plan, the National still retains its former plan of non-lbrfeiture of givin paid-up policies for proportionate amounts of the original policies. The insurer must elect at the time of making his application, iipon which plan of non-forfeiture he will have his policy wrltten. The choice cannot be made at the time of surrender or chahge. W. W. WHEDON, and CHAS. E. LATItóER, ou? :Agehts at Arm .Arbor;


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