Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1868-12-05
QUESTIONS AND ANOWERD
AIoiSSEo xaw
National Life Ins. Go.

national Lite InS. 60.
The other day Stranger walked int the or
ses sf oas sf our large Basksrs. whom the fol
lowing eosversatioa snsusd:
ssaAsssa - Are yeu NE Agents Tor W. ssw
1eeiesai Lie Iseutsnu Company Of ,as unitet
Otatss sf Aosrica, IL 20 much Shout 10 tn,
papers - bsisg chsrt<rsd ky Congress, end il
which Jay Oosks Co., and many others. srt
CLsnK.-Ycs, We are the Agents for ,his
State. Y hat 40 ysu wish 10 bs0w about the
Company,
SraAHaEa.-l want 70 know al about Il, why
ven got vour charter from Congress ir..eaa Q,
taxing State chatter, ss othsr Compsniss nave
done want TO know Why the Banks .scl &C
much interest in the Company ardI wish to
understand your modes OF insuring. some o,
which, you say, arc new and different, 4 ou o, he
Companies want 10 know about that Kind o,
policy tha. pays 10 per ceDt. interest.
CLERK We'll, sir, IL is easy enough 10 under
stand everything you ask abous. and viii tel
you what know II you can wait tId listen
SSsAScER.-Ies. ! can wait and listen; lcsms
in to find out about the concern. aud want tc
know all about It.
CLRRK-Weil, IS to the charter being from
Congress. l don't knew that il 10 any better thar
one granted BY oae Of our states would be. Mr.,
Cooke and the other gentlemen whs organized
thr Company, wanted, l suppose. TO make 4
large corporstion, one that eoa,d do busu % oil
over our country. and be = Naticnsl affair. %
they asked Coagress TO give them the charter
a. thus the Company would be better known
than II they had secured one from : State only
The etics Of the Company - In Washing Rton
and tho business 10 done through its Branch
Office, In Philadelphia. and BY il through il
General Agents, Aany Of whom are Banks and
Bankers.
srsAxssl.-whst are your new modes Of in.
suring'
CLxsx We'll, We have tive modes, which VI
especially rec ,mmsnd to our friends and the
public generally. The first is the Ressrn Pre-.
MUM Policy. and the other is the lLcons Pro.
ducing Policy.
C1sar.-Why, mean tha. the Comp any will
assure your life fer-lst me see. how cid ere
you'
SraAHGsR-I an twenty nine years old.
CLsRE We'll. the Company will insure ysu
for 81 600 for the sum Of o24. 50 per snnum, and
will agree and say in the policy that when yeu
die, even should il b. the day after you have
taken cut the policy, they vii pay ts ysur heirs
u, 900, and return 70 them oil the money YOU
have paid. 80 that If you should live tss years
ysu will have paid o24s. and should ysu then
die. your hs.rs will rsssivs ths amount Of the
insurancs. q 900, and the osls. in oil, Sl,2ls.
SraAHesR-Why, that 10 curious. How eal
you Dc that, dent believe yeu can eIerd q
do II. Give me back oil the msssy have paid.
aad 81 900 in additiosi what does the Cemps
~ GET y make them willing y give my heirs
$1,000 whom die,
ClsaK.-Yss, " can afford 70 Dc il. We viii
give you back ail yeur money, and 81 .0oo in "a
dition. The Company 10 able % lend al tha
money yeu pay il. or - invest IL N 0ever mem
bonds, State or City bonds. or mortgages, end
10 get compound interest on il, and this Gem
pound interest 10 oil thsv have torepay them fol
insnrisg your life but being able to use your
money adv antagsously, they End. on careful aod
scientific invsstigation and calculation, the,
they ean afford to make the insurance At the
rates named. Expsrines shows how many per
sons will die annually. and knowing this, and
the wosdsrful effect Of compound interest. il il
an easy matter TO calculate hsw much must be
charged to insure . life, $1,000, asd - rstnrs
oil the money paid.
STRANGER : New suppose should pay nv pre-
muns for say five years, and then find cant
pay any more, what becomes Of the amount
have already paid Will lose it all because
cant ray any more :,
CL.rE Not at all. Every policy issued BY
the Nationsl Life Insurance. Company 10 non
forieitabIe. After you have paid the premiums
for two or more years, and mud you cant pay
any more. the Company will give you new pol
icy. on which nothing more will have TO BE- paid,
for the full value OF oil you have paid which
policy will bs payable to your heirs after death.
SrEaNosR Well. this is remarkable osn
pay into the Company $2& 80 per auuum. . sum
| can easiiv spare It 10 less than fifty cents .
week, tue sam,ss would deposit it in . Bank,
and thsn when die the Compsny will paw my
family 81 90 and givo them hack all the mon ey
have dsposi,cd with II. ih,nk il 10 the b.s.
Savings Bank 1 ever heard OF. Tell me nov
about that other kind sf policy,--what Is IT :
What DO you call II
CL,Nx Income Producing Policy.
SraASssR -lacome Producing Policy; that has
the right sound What income will il psys
CLssK = Il will pay you 10 per cent en- the
amount Of the policy you take out That 10 il
you want TO insure your life for 81, ,0oo you must
pay The coDpany $sl 60 per snnurn, ior twenty
Years. should you live so long, and whenev or
You die. even II It should be the cay after you
get insured. the Company will pay TO your be rs
tl.0to. but should you 1--we out the twenty
years. aud tbs chances are that you will live
much longer. being healthy looking man, the
Company will give you eluo per nnnum on the
first morning OF each year. beginning al the end
81 the goth year. or the first day of the q st vetr,
which IS an amount equal to 10 per cent. of your
policy; you would thus be in receipt of on in-
come as long AZ You live, of &loo per annum,
nearly twice the annual premium you Paid the
Insurance Company, and whenever you die your
family will receive the amount Of the policy Of
enc thousand dollars.
ErakxGER.-But don't understand why vou
should charge me - much premium as you
charge a man Of ff.v. II costs more to insure
- old man than young man, does it not
CLERK. Yes, it costs more 10 insure the life
sfa man ffty than Que only twenty nine wears
old; but then 1t costs more 70 psy man at
your age, one hundred dollars per annum than
il does to pay man tif'y years old the same
amount. beginning twenty years from now, in
each case, because there 10 chsAce ofyour ,iv-
ing many more years than the old man and
when these two agreements are put together in
~l.- 49, -
man aud the young man. is found TO be the ssms.
You are Young, and the chances are all in favor
Of your living many years. and drawing from
the Company the amount OF one hundred dol
lars per annuua, and the very fact Of your having
this ixed and certain income Is sure to max .
a lncone, or Annuity, - it is called, 10 very
popular. and taken freely by the public. 1t 10 :
we'll known fact that those who do take them are
long lived class. What do you think Of this .
Den's 1t Impress you ~ very good thing
SrRAHoRn.-I like it. | get one hundred dol
family will receive one thousand dollars when
die. 50 that shall BE- paid saice BY tae Com.
pany; l am now young and can readily save
S5l.60 per annumGti 10 only enc dsllar per wee b
for the next twenty years, asd then. when
shall not bs able to work - hard % Dc new, l
long - live. which IL nearly twice ~ much -
Inow pay, 90 that.in ten years shall get beck
III ,hs money paid, and then. when die, my
family will gst 81 800 that is good, 6rst-rats-
but then. let ne see. how can Shis Company do
this don't the company promise too much
CLBRK.-Ne. ny friend, the Company dent
premise too mach, Or more thaa they can fal-
NIL in this case. as IN the case Of the Return
Premium Policy. careful investigator aud cal
culation show that they can realize enough
from The compound interest On your %, meats
y enable then TO do all they say they will.
besides tha Company has large cash capital
paid il full, q 6.ooe, 900, and il il managed o.
prudent business mes. who know al about Tho
nee sf money and whore and how 70 invest Il
safely. n yos have any desire 70 insure ysul
Iifs you can't do bsster then 70 take policy on
one Of the plans have explained to you, and Ia
this case, - IN that cf the Return Premium
Policy. should you stop paving after two years
you will have given TO you policy for the full
value Of all you have paid, on which you viii
have nothing more TO pay.
SrHAxcEa Il have been thiaking about incur
ing my life, and want TO Do it. Ihave . ~if,
and little boy who, should die NOV. will b,
left entirely dependent upon the cold wer,d, ani
want to provide for them, when caa, snd