Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1870-05-03
LIFE INSURANCE.
Important 10 Persons Insuring their
Lives for the Benefit Of Others.

Important 20 Persons Insuring their
Lives for the Benefit of Others.
To the Editors of the Union and American:
OFFICE OF THE ST. LOUIS MUTUAL LIFE
INSURANCE COMPANY, NASHVILLE, May .,
1S7O.-In your issue of the DIST of April
YOU published important extracts from
Judge Wolfords edition of the laws of the
several States, relative to the exemption
of Life Insurance Policies, ISSUED by
companies of the different States, from
debt, viz:
The law of Connecticut exempts the
policies from attachment and executions,
provided the premium paid is not more
than one hundred and fifty dollars.
New York-Three hundred dollars or less.
Missouri-Three hundred dollars or
less, and so on.
A great many of our citizens
have insured in the various compa-
MICS, and although exemption of policies
from debt, has not been the principal argu-
ment to influence them to do so, still it
has been great argument with the solicit
| tors of the various companies, and no
| doubt has been comforting to thousands
| all over the country to know, that although
| thew are not now involved in debt, they
| are liable to become so, and if at future
| time they are in straitened circumstances,
| they have a patrimony laid by for loved
4 ones that the Unsuitable creditor cannot
touch, or in the event of living to old age,
have something secure for themselves to
| live upon. As have representedin solicit.
ing for the ST. Louis Mutual Life, thai
ali policies issued by this company to par.
ties for the benefit of loved Ones are abso-
lutely exempt from all attachment or exc
cution for any debt whatever, | think il
proper, (as it is very easily done, to prove
up such representation, and l hope tha
agents of all companies who can do So
will avail themselves of the privilege.
The 81. L0oiS Mutual Life Insurance Com
paRy issues policies under special c'tdi.
ter with the cypress precision as follows
| "Sec. H. Any policy of insurance issued by thi
| company for the use, benefit or advantage of tn
wife, widow, children, father or mother of any per
son whose life may be insured by said corporation
shall not be held made liable for any debts, con
tracts engagements of the person whose life is o
may be insured, and all such insurance, in tn
event of the decease of the person whose life is o
| may be so insured, shall be paid to the person o
persons benefcially interested therein, to be hel
| by him, her or them free and discharged of an
| from all pre-exsting debts, contracts and engage
ments whatever of the person deceased"
Nothing can be more explicit. No lin
itation whatever as to the amount of pre-
MUM paid, and no subsequent Legislation
can impair the powers and immunities con
ferred by the charter.
, All who have taken or may hereafte
take policies in our Company, may be sur
that such policies will be paid direct to th
benefciaries named, when such policie
, become claims.
This consideration, together with I'll
fact that this Company has adopted all Ii
, most liberal and conservative feature
known to the Life Insurance world, havin
an annual income of three million dolla
, and managed by men of known ability an
integrity, and having distributed alrea6
more than one million dollars among IL
widows and orphans of the South al
West. should commend the ST.. LOUIS MI
. TUAL LIFE INSURANCE COMPANY to all WI
are DESTROYS of effecting insurance. Th,
may be absolutely certain that their far
s lilies will receive the full amount of the
4 policies. j. H. Bonn, Agent,
% Public Square. Nashville.