The Middlebury galaxy. [volume] (Middlebury, Vt.) 1848-1850, 1849-04-24
NATIONAL LIFE INSURANCE COM
PANY


PANY.
The general system of Life Insurance, and
the peculiar advantages it places within the
reach of every one, by simply paying triAing
annual premiun are too well understood, we
suppose, by all our readers, to require expla-
nation at our hands. We wish only. at present,
to call attention to the fact that such an institu
ton has been chartered III our own State, and
that its organization is rapidly going forward
and will be speedily completed. To persons
wishing to effect an insurance of this kind,
this Company offers inducements not TO be
found elsewhere-being based on sure and
permanent foundation-its rates low-and its
method of transacting business, as we'll as the
character and standing of its officers, such as
no other similar institution can boast.
Capitalists, farmers, and depositors in Sav-
ings Banks, will find most advantageous in
vestmcnt, by subscribing to the Reserved
Guarantee Stock of this Company-on which
EIGHT PER CENT, payable quarterly. is guar
anteed to every stockholder-and an advance
Of ten per cent. on each share subscribed in
Cash, during the first year. Real estate can
be exchanged, in like manner, at two-thuds its
value in cash. for surely profitable EIGHT
PER CENT. stock, warranted an advance above
par, of FIVE per cent, within the year. Such
an exchange Of property can be at once eff
fected on good farms or Town property where
the buildings are insured against loss by fire).
The Mortgages and Bonds, bearing per cent
interest, made out to the Company, can run
| one, five, ten, or twenty years, at the pleasure
of the subscriber. There will thus be bal
ance of ttco per cent. due him from the compa-
ny, during the whole time the Mortgage has
to run, so that the Stakeholder, or Mortgagor,
is free from all liability to pay any interest
whatever, with an equal exemption from loss
on the stock itself, since it is warranted to
command premium of FIVE per cent. in cash,
above par, within the first year.
Every one conversant with the business of
Life Insurance knows it to be the safest bust
ness in the country, and such a thing as the
failure of an honestly conducted Life Insur-
ance Company, was nerer knorn. 1t is equal
ly true, that the yearly cash premiums alone
will pay all usual losses and expenses during
the first ten or twenty years of every new CON-
pany-often to fre times the amount-.wiihout
even an assessment on the Deposit note which
every person effecting an insurance is requir-
ed to give. That the stockholders, therefore,
within that period, should be subjected to a
contribution or loss on their stock, is an event
hardly within the limits of possibility.
This is eminently an enterprise of benero-
lence, and the benefits conferred by such an
institution on communities really understand
ing IFS operation, and awaiting themselves of
the advantages it affords, are incalculable.-
Take the case Of young man of thirty-now
in good health, and of industrious habits
family dependent on him for support, and his
yearly income little more than sufficient to
meet hi, yearly expenses. During the next
five years, either by accident or by disease,
he may be called out of existence and those
dependent on bis daily toll will be left penni-
less and wretched, If no other provision has
been made for them than the small pittance
he has been able to lay up each year. In
stead of thus leaving those dearest to him in
utter deStitHion, by means of small annual I
payment-a sum which every industrious per-
son can command without difficulty, and less
than is often spent for some useless indul-
gence-he might have left them The means of
competent support through life. 1t is only
necessary, for this purpose, to effect an In
s,Tance to a certain amount-and,on his death,
that amount becomes Immediately due to those
for whom this provision has been made. A
person ofthirty,by the payment of only sir dol
lars every ar,-giving Deposit note of eight
cen dollars, payment of which, except in cases
of extraordinary and unexpected losses, will
nerer be called for, in the least part-should
he die within the period for which his insur-
ance is effected, $1,000 becomes Immediately
due on his policy: and larger amount, at the
same proportionate rate.
Instances of the beneficial operation Of this
system are known, perhaps, to every one Of
our readers simply as work of benev-
olence, this subject demands the serious atten-
ton of all. Whoever knows anything of the .
hard struggle with poverty and dependence,
will certainly use every due precaution against
entaiIng such a calamity on those whom
II 4 :. L n p