New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-09-15
TIE NATIONAL LIFE INSURANCE COM
PANY.

The National Life Insurance Company, char
tered 10y Congress at the last session, and in which
Jay Cooke and c. II. Clark of Philadelphia are the
the leading shareholders and directors is organized
upon some novel and, it seems to US, very valuable
principles.
l. The first of these is an Income Producing
Plan" Under this the premiums the same for
all ages from 20 TO 80. The plan combines the two
ideas of an ordinary life insurance with limited pro-
miums and of lite annuity annual income com
mencng at the end of certain number Of years. as
ten iifteen twenty, twenty-five. or thirty, unless
death previously occurs. person taking policy
for $1,000 upon this plan lfe-iuSurance for
81 600 payable at death-in addition TO which. If
living on tho first day Of the eleventh, sixteenth.
twenty first twentysixth or thirty first year. and
the first day of each succeeding year thereafter
until death he will receive from the Company 500
per annum. or one-tenth Of the face of his policy.
This feature OF the Company should certainly highly
recommend il TO insurers. for the annuity that Will
be paid under it is from to 25 per cent of the total
amount of money invested.
III. The Company makes an annual addition to the
policies of 100 per centum Of the premiums paid.
Under the Return Life Premium Plan, all premiums
paid to the Company are returned at the death of
the insured. For example: person insuring at the
age Of 30, for $4,000 would pay an annual premium
of S257 80 and should he die during the first year
thereafter his heirs would receive $O257 80. Should
he live to pay twelve annual premiums, or 5000. bis
policy would be increased 10 Sl3,290.
ILL., The Company is authorized by its charter to
issue certificates agreeing t0 purchase the policies 1t
has issued at their value. These certificates, accom-
panied by the policies, are negotiable, and may be
used as collateral security in making loans FROM the
Company or from other parties
~. All the COmpanys policies are nOn-forfeitable;
and every policy issued contains guaranty that
tho insured shall on demand, receive paid-up policy
proportional to the amount actually paid in.
V. The charter of the Company exenipts policesin
favor of wives, children, relatives other persons
bcncfcially interested the lives Of the insured
from attachment and sale Oh execution by creditors
Of the insured.
VI The Company furnishes larger insurance than
other companies for the same money. For instance:
A person. aged 30. by paying an annual premium Of
$6j 80 policy for $1,000 while the same
premium can secure only S7.O3l 80 in a company on
the mutual plan.
VII. This Company's premium reserve or reinsur
anco fund is required by the charter to bc securely
invested in Government stocks or State stocks, OF
stocks Of incorporated cities bonds and mort cages
on unincumbcrcd real estate worth double the
amount loaned Real estate acquired by mortgage
foreclosure and sales under judgments cannot be held
by the Company for more than six years. II must
then be- sold aud converted into money.
VIII. The Company affords the security of paid
up cash capital Of SlOOOOOO and management by some
of the weathiest, most reputable and most success
ful business men in the Unite, States. Ii also pre-
SCENTS the advantage Of nationality 1t can do bust
ness in every State and Territory.