Snover & Mothersill

"VTJA.TIO3ST-A.L LIFE INSURANCE COMPANY, o:f the UNITED STATES OF AMERICA, Washington D. O CHARTERED ''SLJ CASH SPECIAL ACT OF CONGRESS 0MWaJJéY K j j J_ 1 Jj July 25th 1868. , i $1,000,000. BRANGH OFFICE, PHILADELPHIA. CLARENCE II. OLARK, Freddmt. JAY COOKE, Chairman Finance & Executive Ccmmitiee. EMERSON W. PEET, Sccretary & Actuary. Cash Capital auá Accumulatlous, Jan. 1, 1871, about $1,800,000. Number of Policios Issued in the two yeara of the Company's Exlstence, 12,805. Araount of Insurance, $31,050,313. Annual Premiums, $1,178,G33 43. THE LEADING STOCK C0MPANY OF THE COUNTRY Wliose Distinguished Features Are : The Stock Plan. . ow Eate, All Cash Pkemiums. A Paid up Casii Capital of $1,000,000. A Conté act, Simple, Definite, anj? Easily UndekstooD; A POLICY CONTAINIHÖ EvERYTIIING PkOMISED BY TUE CoMPAiJY, AND FEE FliOM ÜNNECESSAKY IÍESTKICTIONS. o ■ Applications for Agencies or for PoHclcs may be made to GENERAL AOENTS FOR ; i itlICIIIGAN, NORTÍIERN INDIANA AND WESTERN ONTARIO. OPFIOB 156 JBFFHRSON AVENTJB, DETROIT. i With the new year the Company extends its protection to its ncw patrons by issuing a more liberal policy than heretotorc, containing fewer re3trictio.ns on occupation, residence and travel, which is designed to meet the demanda of the times - Americans being proverbially a traveling peopie. The insured are by its policies penintted to travel or reside in any part of the world within the Températe Zones, without the troublesome necessity of procuring a perinit, or the impositiou of an extra charge. - No restrictiori8 are imposed upon occupations, except upon the few which are recognized as specially hazardous. The new Special Non-Fokkeiting features just adoptcd will still more increase the well known popularity of the National. It is a modification of the Massachusotts Law, but shorn of its disadvantages. A few exainples will show the difference between the Massachusetts nou-forfeiture law and the Plan adopted by this Company. By the Massachusetts Law a policy, issued at age 45, premiums for life, after 5 anniial payments, will remain in f'orco 4 years and 306 days alter the paymonts cease ; but the unpaid premiums with interest at 6 per cent. arepermitted to be deducteafrom ilie policy if it becotnes a claim before the expiration of thoTerm Insurance. By the Special non-forfeiting plan of tho National, the same kind of policy at same age, after 5 animal payments, would bo exchanged for a paid up Term Policy extending é years and 73 days ; and shoula the insured die before the expiration of that time, tho fuU amownt of the policy would be paid. In the case of a ten annnal paymont Ordinary Lifo policy, issued at age 40, after 5 annual jayments the Massachusetts Law gives Term Insurance fornoarly 14 i years - subject to deductions of unpaid premiums as before statcd. ouppose tne insurca aies jast ociore tiie ierra insuranco expires, lus premiums, $01. G8 (on $1,000) ut G per cent. int. for 5 years (to the end of ;he ten years) and interest continned till the fourteeu years expire, will imount to $560.40, which, deducted trom the ainount of tho policy, wíl] ieave $39.60 actual insurance. The samo kind of policy, in tho National, at the samo age, and costing only $46.45 per $1000 for the ten years, after 5 annual payineuts, would be exchanged for a paid vp Term Policy, for tho f uil amount of the original policy, extcnding nearly 12 years. The same Special non-forfeiting features applied to Endowment insnrance, result6 still more in favor of the policios issued by the National. (See examples of the workings of this plan as applied to Endowmeute in the Company'6 Kate Circular.) The foregoing illustrations are based upon casJi premiums - tho premiums in the National, are always cash ; most of tho Massachusotts Companies allow a dioico of all cash or part note or loan. Had tho illustrations been calculated upon the loan plan (varying from 30 per cent. to 50 per cent, noto) the resul t would havo still further favored the all-cash, nonparticipating rates of the Stock Plan of insurance as practiced by the National ; tho outstanding notes, with interest, in addition to tho unpaid premiums boing deductod frem the amount of the policy. In addition to this Special non-forfeitina: pían, tho National still rotain6 its foriner plan of non-forfeiture of giving paid-up policies for proportionatc amounts of the original policies. The insurer must elect at the time of making Ma application, upon which plari of non-forfeiturc he will have bis policy written. The choice cannct be mado at tho time of surrender or change. W. W. WHEDON, and CHAS. E. LATIMER, i30Gtf Agents at Ann Arbor,