St. Johnsbury Caledonian. [volume] (St. Johnsbury, Vt.) 1867-1919, 1868-12-18
The National Life Insurance
Company.

Among the various Life Insurance
Companies that are established all over
the country. there is one, and that but
lately organized, which stands pre-emi-
nent among It's fellows. The National
Life Insurance company of the United
States of America is an institution char
tered 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 its affairs are
directed by such men as Clarence III.
Clark, Jay Cooke, +. A. Rollins, and
others Of the very highest financial rank.
The security oil such a large pald-up
capital, and the well known integrity of
its directors, place it at once upon the
most substantial basis. Its plans of
operation are both simple and thorough.
There are to be no notes, credits, or
other veXatious combinations of pay
menls and promise. Instead of offer
ing participation in certain unknown and
future profits, which may never be real
ized, this company offers policies of in
surance ut such reduced rates as really
to give the insured dividend, in cash,
in advance. This difference between the
rates OF The mutual companies and those
of the National Life Insurance company
is not only 4 positive cash advantage 10
the insured bat il is often much more
than they have reason to expect from
the most favorable workings OF tie divi-
dend 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 part OF agents or the insured them
selves-'o mach promised cash, at such
stated times, tor so much cash paid in at
fixed periods, Is the plan OF the compa-
ny. Not depending upon future bust
ness for ability to make It's promises
good, there Is no reason to doubt any of
them; and it mast be remembered that
a capital, at the outset, of one million
dollars, Is worth much more than double
the amount i'll the treasury of company
whose liabilities are about to fail due
What the capital Of this company will be
in thirty OF forty years, (hc period when
policies begin 10 become rapidly paya-
blc,) it i impossible to surmise, for is
charter allows the indefinite increase OF
the capital stock. BY a provision OF its
charter, lis policies are made secure from
attachment by the creditors OF the in
sured, but at the same time they are ne
.otiablc, and may be used for the pur-
pose OF raising money, like any other
bond or obligation to pay. Should a
| party in,urinI in the National Life In
suramce company become unable 10 meet
his annual payments, lie docs not there
10y forfeit hls policy, but Il paid-up poll
cy will he issued to him for an amount
! proportional 10 the total sum he has paid
IN. The system OF extra charges is also
abolished by this company. There is
nothing TO pay Tor policy-tcc, medical
examination, stamps, &c, and when te-
males are insured there is no extra rate
charged upon their lives The associa-
! ton offers several distinct and easily I'M
der>tood methods 10y which one may tax e
out a policy OF lite insurance
In the first place. an ordinary policy
j. furnished at rates less than those
charged by other companies. Again,
should the party desiring Insurance
choose it, he can take out u policy on a
plan by which, at the end of every year.
the amount OF his policy will be ncreas-
cd by the amour, of annual premium he
has pud, and when he dies. his heirs
will receive the full amount Tor which he
was insured, with the addition of every
cent he has ever paid to the company
By another plan, a man can receive at
the end OF a specified time (tcn, fifteen or
more years. regular income, in addi-
ton 10 the amount OF the policy which
will be paid To- ms family at his decease
Gy the endowment plan, the sum for
which the policy is taken out will he
pald TO the insured, himself, at the expi-
ration of the term agreed upon, and if he
should die before the time specified in the
policy tor SAID payment, the amount will
be pad over TO his heirs within three
months alter his death Should it be
desirable, policies can be taken out at re-
duced rate, for periods OF seven wears,
anus enabling persons TO provide for
some expected contingency, or giving an
opportunity 10 creditors to insure for n
time the lives Of their debtors. making
the policies payable TO themselves.
These features, MANY OF them novel.
present peculiar advantages to those
wishing to insure their lives and when
II Is remembered that the company i
founded upon a cash basis of such solid
character, and under the control OF such
well known capitalists, there is no reason
II doubt that i! will soon be the leading
Lille Insurance company in the country
Putnam ID. Mcmillan, ST. bloomsbury.
Vt, agent.