Snover & Mothersill

LIFE INSURANCE CÖMPANY, UNITED STATES OF AMÉRICA, "Washington D. C: CÍIARTERED yf CASH vmk ÉÚfcv n A T)TT A T SPECIAL ACTOFCONGRESS CMmSaIX I W A I j y 25A 1SG8. 3 % $1,000,000. BRANCH OFFICE, PHILADELPHlAi ■ o CLARENCE fl. OLAEK, Prmdmt. JAY COOKE, Chairman Finance & J&ecutive CommiiUe. EMERSON W. PEET, Secretan & Actuary. Cash Capital and Accnmulatlöus, Jan. 1; 1071, about l,8Ó0,Ö0Ö. Number of Policios issued in the two years ot tho Company'i Exlst6nce lí;865. Araonnt of Insurance, $31,650,312. Annual Premiums, 1,17S,G33.43. THE LEADING STOOK COMPAÜY OF THE COUNTRY Whose Dlstinguisfted Features Arto t The Stock Plan. ow Rate, All Cash Pkemiüms. A Paid up Casu Oapital of $1,OOO#Ó(J. A CoHTKACT, SlidPLE, DeFINITE, AND EA8ÍLY UNDKBèTÓÖD. A PoLICÏ CÓNTAININO EvEKYTHING PbOMISED BT THE COMPAKT ÁED FitKE FkoM Unneoessaky Kesteictions. 0 Applications íor Agencies or tóí: Golletea triaj' bé made to GENKKAL AÜSNTS FOK MIOUIQAN, NORTÜËRN INDIANA AND WESTERN ONTARIO. OFFICE 156 JEFFERBON AVENUE, DETROIT. ■ O With the ncw year tho Corapany extends its protection to its new patrons by issiiing a inoro liberal policy than heretotore, containing fewcr restrictious on occupation, rcsidence and travel, which is designed to meet tbe demanda of the times - Americana being proverbially a traveling people. Tbe insured aro by ite policios pennitted to travel or reside in any part of the world within the Températe Zones, without tbe troublesome necessity of procuring a permit, or the imposition of an extra charge. - No restrictions are imposed upou occupations, except upon the few which are recognized as specially hazardous. Tho new Special Non-Fokfkiting features just adopted will still more increasc tho well known popularity of the National. It is a modification of tho Masöachüsotts Law, but shorn of its disadvantages. A few examplos will show the differcnce between tho Maesachusetts nou-forfeiture law and tbc Plan adopted by this Company. By tbe Massacuiisetts Law a p'ólicy, issued at age 45, prorainms for life, after 5 annual payments, will remain in force 4 years and 306 days alter tbc payments c'éasc ; but the unrpaid 'premiums with interest at 6 per cent. arepermitted to Ie deducteafrom the policy if it becöines a claim before tbc expiratióli of the Term Insurance. By tho Special non-forfeiting plan of the National, the same kiñd of policy at same age, after 5 annual payments, would be exchanged for a paid vp Term Policy extending 4 years and 73 days ; and sbould the insured die beforo tbe expiration of that time, the f uu amount oí tbe policy wonld be paid. In the case of a ten annual payment Ordinary Life policy, issued at age 40, after 5 annual payments tbo Massachusetts Law gives Term Insurance fornearly 141 years - aubject to deductiona of unpaid premiums as before stated. Supposo tho inaured dies just before the Term Insurance expires, bis premiums, $61.08 (on $1,000) at 6 por cent. int. for 5 yeare (to the end o1 the ten years). and interest continued till the fourteen years expire, will amount to ÍSÓOO-, which, deducted from the ainount of the policy, wil] leave $439.60 actual iusuraücö. Tbc samo kind of policy, in tbe National, at the same age, and costing only $46.45 per $1000 for the ten years, after ,5 annual payments, woulo be exchangea for a paid up Term Policy, for the f uil amount öf the original policy, extending nearly 12 years. The same Special non-forfeiting features aplied to Endovment insurance, rcsults still more in favor of the pohcies 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 premiums in the National are always cash ; most of the Mas6achusetts Companie6 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 tili further favored theall-cash, nonparticipating rates of the Stock Plan of insurance as practiced by the National ; the outstanding notes, with interest, ïn addition to the unpaid premiums being dcductod from the amount of the polïcy. In addition to this Special non-forfeitine plan, the Natiosai, still rotairib its formcr plan of non-forfeiture of gi'vihg paid-up policies for 'pl'oportionate amounts of the original policies. The ïnsurer raust elect at the, time of irwMng Kis application, upon which plan of non-forfeiture he will have bis policy wtitten. The choice cannot be tnade at the tSmte of surrender tir 'changó. W. W. WHED0Ñ, aai CHAS. E. LATIMER, ï&m Agarits át Arm Arbor. S