Herald of the times, and Rhode Islander. [volume] (Newport, R.I.) 1846-1849, 1848-04-20
DINAM MORROW,
Mutual Benefit Life lns. TO.
Office No. FL, Wall ST., NJ H

OlnCc NO. ~A, vs"s' 10y
Advantage, scared by the system oi Lie ~.
s,.rance now in successful opera'ioh !" Was
company.
, sT ,hoss in good health, of the proper age
/ and of sound constitution, VIII oe '"'''N"
the lowest rate of premiums. ~
,d The premium If over 600, can De pau
- fonr,h IN cash and three fourhs III secured
,n,. nj ID months, bearing 6 per cent interest,"
'Nd .nh;ect 10 assessments if required, OF may
no Maid weekly, monthly. or quartery' ,.e
I'd. Annual division OF Frch's IN scIIPt,e,'In
cafes which bear per cent. interest,", anu ~, ~ -
on;red n loan of two-thrds on the scrip VIII oe
made la cash--or the prohls can oe ""'e" " -
crease the sum insured. ,,,,,
lii I,b No persons are liable beyond the amount
/ :" ~ Mini women may insure the lives OF
skeir husbands, secure from any ueiha'lue ~,
their creditors, if the premium does ho' eA''e'
L 500 per annuin ,ol,ors. mr.
II 6th. Creditors may insure their deoloIe > " "
debtors themselves, for the protection o' e'e''
|, tors. ~ On that the
su,n insured will be paid on attending Spe'i
! Ged ape. or sooner in the event oi dea'h'
II s,h An claims on policies viii be paid 'hte'
| months after notice and proof oil den'h'
/ OH No rise will be taken on any ones NE eN
IIooed;ny $4,000. until the surplus prohlS a.
mannt ,o $50 900 then the amount oi riSN OF
n single life will be gradually eStehueo d. wv
II funds of the Company augment -.
Il lOlh. No Director or Olhcer can oO'a'n 'o"'
of ths Company. ,,,ooo,, ,
iIth. When The net profits OF the company a
llr,n,,nt IN a2OO, 600 the excess wlll be applc'
awards the redemption of ScriP,gIVlng plicilt
IItnib first issued but the amount oi 'S~Vo,VV'
Il IN addition 10 the reinsurance luhus WIN =
1 Iert as a permanent fund, in which the mem
bers have n prorata interest
l1th The funds ofthe Company 10 De ,hVes
cd hv the Finauce Committee ~ oon"S an
g., 'nr,ooges ON unencumbered real estate
1.-The actual value OF whlth Is wv 80 w..
t"anaJ~or IN stocks of the United STATES, or {
,ho Sto,ss of ", York, New Jersey, Nassaco on
sa,,s and Maine, OF loaned to members o
their Scrip. ;,LoJ
l3lh No part Of tbe profits is Withheld
I|diverled from the assured III any way
iA,h There ~ no stock Or loan, either nor
inal or real, to pay interest Tor Tue '''nP"'
having ample capital in the premiums '''e'
ed. e., N ~;
18Th. II enables man to provide Tor w,
,J cLild,en IN such way, that although
Wv" I,.o MI they are safe and all person
.,h.th.r married or unmarried I" proVlde '
= ,d ,,, sickness, aud want, as wei Us
a. death. , -,
y I6,h I, does not reckon the assured "
=, .LIs, ,har ho is-but from SIX inohihs less
:" ak months more, SO as to equa''Ze the sal
us between all parties.
IyU i7th. 1t pays no dlrectors'aud''or' OF so'
oil tors. ,, ,h,
,,a ls,b. A norton Of the directors and the
'ro 6c.,s are chosrn yaa,ly, and the msmb
vote according To interest
Igth The assured eau surrender the P"'
ms Il q, any time after term OF years, aud f'c'
ich II, ,qnllable value
ess 2o,h. Every precau,ion is taken to prev
md a forfeiture vf policy