The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1869-01-02
THE NEW ERA OF LIFE.INsURANCE.

Congress, at it's last session, took a new
step in relation to Life Insurance. in issuing
the charter of 'sThe Nationl Life Insur-
ance Company 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 i'm
mediate direction of the ablest and best
known capitalists Of the country, and is
organized upon working basis, which it
is believed combines all the advantages to
the insured, hitherto known i'll Life-lnsur-
ance while it adds original features OF extra
ordinary usefulness. Its stability is guar
anteed by the capital paid i'll, by the char
acter of the gentlemen who manage it, and
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 conf
dence of the whole public.
The National Life-Insurance Company
is Stock Company, conducted on the cash
principle; its rates of premium are much
lower than those of companies conducted
on the Mutual system it imposes no un-
necessary structures upon policy-holders in
regard to travel, residence, occupation,
etc, but allows unusually liberal terms !:
all its policies are nOil-forfeiting, each con-
tanning a guarantee of a paid-up policy for
propOrtionate amount. All policies, not
exceeding ten thousand dollars, in favor of
wife, children or 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
misunderstanding. Every policy-holder
makes definite agreement, and knows
previously what he is to get for 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
constantly increased by the amount of the
annual premium, SO that on the death of
only the full amount of the policy, but all
the premiums he had paid. By this plan,
the insurance costs no more than the inter-
est on the premiums, and the use of the
money is all that the company gains.-
Another excellent form of insurance is
that of the Endowment Policies, by which
the company contracts to pay the amount
of the policy in a certain number of years,
or to his heirs, in case of his previous death.
This is an admirable method of investment,
as it secures to the insured a 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 immensely popu-
lar. These policies not only pay the full
amount of insurance in case of death at
any time bnt they embody 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 of ten years.
There can be no more certain method for a
young man to invest his earnings to pro-
tect himself in his age, or when he may, by
sickness or misfortune, be unable to provide
for himself. These policies guarantee a
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 a career of
unexampled prosperity and usefulness. 1t
will be benefit to the whole nation, and
we believe that it's establishment begins a
new era of Life Insurance in the United
States. JACOB TOME, President of Cecil
National Bank, Port De post, Agent.