Port Tobacco times, and Charles County advertiser. (Port Tobacco, Md.) 1845-1898, 1869-01-01

Life Insurance on a Positive Basis.
There is tendency among men of all
classes, towards speculation in regard to mat
ters in which money is in any way concern
ed. If we invest, 10 the ordinary manner,
one dollar, we of course expect at least one
h,andzea ~-a il l setsazE but i.
have chance of receiving, by some extraor-
binary method of investment, dollar and
quarter at the end of the year, we are often
willing to pay, for the privilege of mourning
that chance, such sum as may deprive us of
any profit whatever. Now, in some forms of
business this system may be admissible, where
in the constant fluctuations of prices and va
lues it is necessary to sometimes meet future
by present uncertainties. But there is one
thing, and but one thing in the future, on
which man can certainly depend, and that
is his death. Therefore, all the arrangements
he makes concerning that important event
should be as immutable as death ITSELF
These remarks are prompted by a consdera-
ton of the different methods of life insurance
now offered to the public. On one side we
have the mutual companies, which, for posi-
tive high premiums, paid during mans life,
will guarantee certain sum to his heirs at
his death; and also will possibly pay into his
hands certain premiums, which may be de-
clared by the companies; the time of pay
ment and the amount of said premiums to be
determined by the profits which may accrue.
On the other hand we have the method pro-
posed by the National Life Insurance Com
pany of the United States of America 1--WE
give the name in full to show one of its dis
tinctive features. 1t is not State corpora
ton but holds charter granted by Congress).
In this Company we find various new fea-
lures of Life Insurance, but the point to
which we wish to direct attention is, that
everything it promises is as fixed and certain
as that which it asks. There is no possible
profit to be paid for by positive cash. Every
thing is regulated on a sound business basis,
according to the best known theories of the
duration of Life and the value of Money. In
the first place the premium paid is smaller
than in the mutual companies. There is an
advantage to start with. Secondly, there is
no possibility of the insured person being de-
ceived or deceiving himself by incorrect cal
culations. So much premium secures SO
much money at death. Thirdly. The poll
cies cannot be forfeited, for what one has paid
he receives policy for proportionate a.
mount. Fourthly. The policy one receives
is certain possession Of the heirs at the death
of the insured. 1t cannot be attached by
creditors. Filthy. According to one of the
plans of the Company, not only is man GER
tain to leave to his heirs the amount of bis
policy, but, in addition, the sum total of all
the premiums he has paid during his life
the Company, in this case, contenting itself
with the compound interest upon said pre-
miums. Sixthly. In accordance with the
"Income-prodacing Plan" man can receive,
after certain number of years according to
the kind of policy taken), a fixed and regular
income during his life, besides the amount
paid to his heirs at his death. Seventhly.
All these promises are secured by paid-up
|capital of one million dollars, thus making It