Spirit of Jefferson. [volume] (Charles Town, Va. [W. Va.]) 1844-1948, 1868-12-01
M Non Fra of Life Insurance

The New Ira OF hiio LIS
C,naress. at its last session, took a new step
:, rol.tion TO Life Insurance, in issuing the
charter of "The National Life Insurance Com
many of the United States of America" This
Corporation supplies that want. 1t has cash
capital paid in of one million of dollars it
is under the immediate direction of the ablest
and best known capitalists of the country, and
is organized upon working basis, which it is
insured, hitherto known in Life-Insurance,
while it adds original features of extraordinary
usefulness. Its stability is guaranteed by the
capital paid in, by the character of the gen.
tlemen who manage it, aud by the terms of
the strict charter granted by Congress, which
limits its investments to the most approved
securities in real estate, bonds and mortgages,
and National and State stocks. Upon this
general basis the managers have perfected
plan of the utmost simplicity, lberality and
soundness. Its principal elements will at once
secure for the company the approval and con-
fidence of the whole public.
The National Life Insurance Company is
Stock Company, conducted on the cash prin>
ciple; its rates of premium are much lower
than those of companies conducted on the
Mutual system; it imposes no unnecessary
structures upon policy holders in regard to
travel residence, occupation, ETC., but allows
unusually liberal terms all its policies are
non-forfeiting, each containing guarantee of
paid-up policy for proportionate amount.
All policies, not exceeding ten thousand dol
lars, in favor of wife, children other persons,
are exempt from seizure by the creditors of
the person insured. No charge is made for
medical examinations, stamps, etc, and no
extra charge is made for insuring the lives of
females.
All these are sound business principles,
which every business man must approve, and
it is one great merit of the Company that its
contracts afford no opportunity for misunder-
standing. Every policy-holder makes def
mite agreement, and knows previously what
he is to get for a fixed payment.
The Return Premium plan is one of the
best features of the system of this company.
The policies issued on this principle are con-
stantly increased by the amount Of the annual
premium. so that on the death of the person
insured, his heirs receive not only the full
amount of the policy, but all the premiums
he had paid. BY this plan, the insurance
costs no more than the interest on the pre-
miums, and the use OF the money in all that
the company gains. Another excellent form
of insurance is that of the Endowment Poll
icies, by which the company contracts to pay
the amount of the policy in certain number
of years. or to his heirs, in case of his previous
death. This is an admirable method of invest
ment, as it secures to the insured competency
in his old age, or if he dies early, it gives to
his family an amount much greater than any
ordinary investment could realize. Then there
is the Income Producing Plan, which deserves
to become imme nsely popular These policies
not only pay the full amount of insurance in
case of death at any time, but they cmbOdy
contract, by which the company is bound to
pay the insured, after certain term Of years,
an annual income so long as he survives. A
person insured for one thousand dollars may,
upon this system, contract for the payment of
one hundred dollars annually to himself, at
the expiration o. ten years. There can be no
more certain method for young man to invest
his earnings to protect himself in his age, or
when he may, by sickness or misfortune, be
unable to provide for himself. These policies
guarantee certain and permanent income,
besides the provision which every thoughtful
man should make for his family after his
death. From what we have said it will be
evident that this company is destined to 4
career of unexampled prosperity and useful
ness. 1t will be benefit to the whole nation,
and we believe that its establishment begins
a new era of Lifc-Insurance in the United
States. f. NJ. AIsoUITH, Charlestown, w.
Va, Special Agent for Jefferson County.