The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1868-12-17


Among the various Life Insurance Compan-
les that are established all over the country,
| there is one, and that but lately organized,
which stands pre-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 bus
mess and hold estate in every part of the Union.
Its capital, all paid in, is one million dollars,
and its affairs are directed by such men as
Clarence 81. Clark, Jay Cooke, E. A. Rollins,
and-others of the highest financial rank. The
security of such a large paid-up capital, and
the well-known integrity ofiits directors, place
it at once upon the most substantial basis. It's
plans ofoperation are both simple and thorough
There are to be no notes, credits, or other vex-
atious combinafisns of payments and promises.
Instead of offering participation in certain un-
known and future profits, which may never be
realized, this Company offers policies of insur-
ance at such reduced rates as really to give the
insured dividend, in cash, in advance. This
difference between the rates of the mutual COM
panies and those Of the National Life Insurance
to tLe insured, but it is often much more than
!. they have reason to expect from the most fa-
vorable workings Of the misunderstanding
companies. Everything relating to the plans
of insurance of this Company is definite and
| plain there is no possibility of incorrect cal
culations, on the part of agents or the insured
| themselves-so much promised cash, at stated
times, for so much cash paid in at fixed periods,
| is the plan of the Company. Not depending on
future business for ability to make its promises
good, there is no reason to doubtany of them
and it must be remembered that capital, at the
outset, of one million dollars, is worth much
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, 1.-THE period when
policies begin to become rapidlv payable, it
is impossible &c surmise, for its char.er allows
the lndefc,.te increase of her 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 negotia-
Bile, and may be used for the purpose of raising
money, like any other bond or obligation to
pay. Should a party insariug in the National
Life Insurance Company become unable to
meet his annual payments, he does not thereby
forfeit his policy, 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 Com
pany. There is nothing to pay for policy-fee,
medical examination, stamps, &C., and when
females are insured there is no extra rate char
ged upon their lives. The association offers
several distinct 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 policy
on a plan by which, at the end of every year,
the amount of his policy will be increased by
the amount ofannuai premium he has paid, and
when he dies, his heirs will receive the full
amount for which he was insured, with the
addition Of every cent he has ever paid to the
Company. fa3Hs,i5 .6
By another plan, man can receive at the
end of specified time (ten, fifteen or more
years, y a regular income, in addition to the
family at his decease. By the endowment plan,
the sum for which the policy is taken out will
be paid to the insured, himself, at the expiration
of the term agreed upon, and if he should die
before the time specified ia the policy for said
payment, the amount will be paid over to his
heirs within three months after his DEATH
Should it be desirable, policies can be taken
ont at reduced rates for periods of seven years,
thus enabling persons to provide for some ex-
pected contingency, CIR giving an opportunity
to ere ditors to insure for time the lives of
their debtors, making the Policies payable to
se t s54 Id sssies.,t-.
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 cash basis of
such solid character, and under the control of
such well-known capitalists, there is no reason
to doubt that it will soon be the leading Life
Insurance Company in the country. JOHN X.
LoNGwEIL, President Union National Bank,
Westminster, Md, Agent for Carroll county.
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