Snover & Mothersill

VATIONAL LIFE INSURANCE COMPANY, of re ü e UNITED STATES OF AMERICA, "Washington j D. C. CII ARTERED "[ CASH l'KCIAL ACT ÜF CONGRKSS Cs09Ê3S&--' ( I A I AL y 25A 1868. # "S $1,000,000. BRANCH OFFICE, PHILADELPHIA. CLARENCE H. CLARK, President. JAY COOKE, Chairman Finance & Executive Committee. EMERSON W. fEET, Secretaiy & Actuary. Cash Capital and AccumulatiOns, jan. 1, 1871, about 11,800,000. Nuinber of Policles issued in the two years of the Company's Exlstence, 12,805. Araount of Insurance, $31, 650,312. Annual Premiums, f 1,178,6:!3 43. o ■ ' THE LEADING STOCK COMPANY OF THÈ COUNTRY VVhose Distinguislied Features Are 'he Stock Plan. ow Rate, All Cash Pkkmiums. A Paid üp Cash Capital ov $1,000,000. A CoMTBAOT, Simple, Dkkinite, and Easily Undekstood. . PoLICT CONTAIXING EvEKYTUING PkOMISKD 15T THE CoMPASY, AND FEEK Fkom Unneces8Ary Kestkictioks. Applications for Agencies or for Policios may bc made to OKNBRAL AQKNTS FOR MICHIGAN, NORTHERN INDIANA AND WESTERN ONTARIO. OFPIOB 156 JBFFBR8ON AVENCJE, DETROIT. With the new year the Company extcnds its protection to its new patons by iseuing a more liberal policy than heretofore, containing fewer retrictions on occupation, residence and travel, which is designed to meet lie demanda of the times - Americans being proverbially a traveling peo)lo. The in8ured are by its policies pcrmittea to travel ór reside in any art of the world within the Températe Zones, without the troublesoiue ïecessity of prociiring a permit, or the imposition of an extra charge. - !io restrictions are in;oosed opon occupatious, except upon the few which are recognized as specvaUy hazardous. The new Special Non-Foefkiting features just adopted will still more ncrease the well known popnlarity of the National, lt is a modification f the Massachusetts Law, out shoru of its disadvantages. A few examles will show the difference between the Massschusetts non-forfeiture law ind the Plau adopted by this Company. By the Massachusetts Law a policy, Ï6sued at age 45, premiums for life, fter 5 annual payments, will remain in forcé 4 years and 306 days alter ,he payments cease ; hut the unpaid premiums with interest at 6 per oent. are permiüed to ie deducted from the ■policy if it becomcs a claim jefore the expiration of the Term InsnrancG. By the Special non-forfeiting plan of the National, the ame kind of solicy at samfc age, after 5 annual payments, would be exchanged for a jaid up Term Policy extending 4 véars and 73 days ; and should the insu red die before the expiration of that time, the f uil 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 1 years - subject to deductions of unpaid promiiims as before stated. Suppose the insured dies just before the Term Insuance expires, h is premiums, $61.68 (on $1,000) at 6 per cent. int. for 5 j'ears (to the end o: the ten years) and interest continued till the fourteen years expire, wil amonnt to $560.40, which, deducted from the amount of the policy, wil leave $439.60 actual insurauce. The same kind of policy, in the National, at the samo age, and costing only $46.45 per $1000 for the ten years, after 5 annual payments, wouk be exchangeu for a paid up Term Policy, for the full amount of the orig inal policy, extending nearly 12 years. The same Special non-forfeiting features applied to Endowrnent insnr anee, results still moro in favor of the policies issued by the National (See examples of the workings of this plan as applied to Endowments in the Company's Kate Circular.) The foregoing illustrations are based upon cash premiums - the premi ums in the National are always cash ; most of the Massachusetts Com panies allow a choice of all cash or part note or loan. Had the illustra tions been calculated upon the loan plan (varying from 30 per cent. to 50 per cent, note) the resul t would have still fnrther favored the all-cash, non participating rates of the Stock Plau of insurance as practiced by the National ; the outstanding notes, with interest, in addition to the unpaic premiums being deducted from the amount of the policy. In addition to this Special non-forfeiting plan, the National still rotain& its former plan of non-for feiture of givine p'aid-up policies for pro portionate araounts of the original policies The insurer must elect at ih time of making his application, upon wliich plan of uon-forfeiture he wil havo his policy written. The choice cannot be made at the time of sur render or change. W. W. WHEDON, and CSAS. L. LATIMER, i306tr'" -A.gOnts at Ánn Arbor. ■ ■' ■ 2-.. ; . .