Ashtabula weekly telegraph. [volume] (Ashtabula, Ohio) 1853-1873, 1868-12-26
The National Insurance Company.

Ameng the various Life Insurance Compa-
fies that are established all over the country,
there is one, and that but lately organized,
which stands pfc-eminent among its fellows.
The National Life Insurance Company of the
United States of America is an institution
chartered by Congress, and entitled to do
business and hold estate in every part of the
Union. Its capital, all paid in, is one million
dollars, and IFS affairs are directed by such
men as Clarence II. Clark, Jay Cooke, E. n.
Rollins, and others of the very highest finan-
cial rank. The security of such a large paid
up capital, and the well-known integrity OF It's
directors, place it at once upon the most sub
stantial basis. Its plans Of operation are Do'h
simple and thorough. There are to be no
notes, credits, OF other combinations OF pay
ments and promises. Instead of offering par
ticipation in certain unknown and future pro-
fits, which may never be realized, this Com
pany offers policies of insurance at such re-
duced rates as really to give the insured divi'
dend in cash in advance. This difference be-
tween the rates of the mutual companies and
those of the National Life Insurance Company
is not only positive cash advantage TO the
insured. but it is often much more than they
have reason to expect from the most favorable
workings of the dividend declaring companies.
Every thing relating to the plans of insurance
of this Company is definite and plain; there
is no possibility of incorrect calculations on
the pars Of agents or the insured Themselves
so much promised cash. at such stated times,
for so much cash paid in at fixed periods, is
the plan of Che Company. Not depending
upon future business for ability to make its
promises good, there is no reason to doubt any
of tlem; and it must be remembered that
Capital, at the outset, of one million dollars is
worth more than double the amount in the
treasury of company whose liabilities are
about TO fall due. What the capital of this
Company will be in thirty or forty years-the
period when policies begin TO become rapidly
payable-it is impossible 10 surmise, fer its
charter allows the indefinite increase of the
capital stock. By provision of its charter
its policies are made secure from attachment
by the creditors of the insured, but at the
same time they are negotiable, and may be
used for the purpose of raising money, like
any ether bond or obligation to pay. Should
q party insuring in the National Insurance
Company become unable 10 meet his annual
payments, he does not thereby forfeit his pol
icy, but paid-up policy will be issued to him
for an amount proportional to the total sum
he has paid in. The system of extra charges
is also abolished by this Company. There is
nothing to pay for policy-fee, medical exam
ination, stamps, &c, and when females are
insured there is no extra rate charged upon
their lives. The association offers several dis
tnct and easily understood methods by which
one may take out policy of life insurance.
In the first place, an ordinary policy is fur
nished at rates less than those charged by other
companies. Again, should the party desiring
insurance choose it, he can take out a policy
on plan by which, at the end of every year,
the amount of his policy will be increased by
he amount of annual premium he has paid,
and when lie dies, his heirs will receive the
full amount for which he was insured, with
the addition of every cent he has ever paid to
ihe Company.
= By another plan, man can receive at the
enc Of specified time-tcn, fifteen or more
yeals-a regular income, i'll addition to the
amount of the policy which will be paid to
his family at his decease. By the endowment
pla., thc sum for which the policy is taken out
will b, paid to the insured himself, at the ex-
pirat,n of the term agreed upon, and if he
shouIC die before the time specified IN the
policy for said payment, the amount will be
paid Over to his heirs within three months
after his death Should it be desirable, poll
cies can be taken out at reduced rates for peri
DDS of seven years, thus enabling persons TO
provide for some expected contingency, or
giving an opportunity TO creditors to insure
for time the lives of their debtors, making
the policies payable 10 themselves.
These features, many of them novel, present
peculiar advantages to those wishing to insure
their lives; and when it is remembered that
the Company is founded upon a cash basis of
such solid character, and under the control of
such well-known capitalists, there is no reason
to doubt that 1t will soon be the leading Life
Insurance Company in the country.
j. F. SANBORN, Painesville, Ohio,
Is the regularly authorized Agent for this region