The Daily state journal. [volume] (Alexandria, Va.) 1868-1874, 1872-03-21
HOME INyESTMENTs

HOME INVESTMENTS.
y The Association is organized ON the purely
mutual, or co-partnership plan. Each State is
created distinct department of the company,
and the business placed under the management
OF a board of directors chosen from It's own
citizens.
The language of the charter is as follows
"The Board of Directors in each department
shall loan the money to be invested in said De-
partment.'
Section 81 also provides that "the net present
value of the liabilities of the company, under
policies issued to members of each department
as fixed by the standard of valuation of the
company, shall be invested, and kept invested
within such department.
OF the wisdom and safety of the plan adopted
by the Association, the Hon. Elzur Wright of
Boston, benrs testimony as follows
"As the true theory of the reserve on any
policy is, that it Is q savings bank deposit, or
selfinsurance, applicable only to that particular
policy itself, when II becomes a claim and only
needs to haveits principal secure and its interest
suihcient, 1t would not seem possible to have it
invested too near the locality where that par
tlcular policy will become a claim"
E 10 TINS feature of local representation and in
yestment, the Association largely owes its
3 ~ UNPARALLELED SUCCESS.
1@l it arrsf f&Hf ~ - -
TIE ONLY COMPANY IN THE UNITED
STATES that guarantees as a chartered right
the principle OF local management and local in
The ONLY COMPANY which, by its charter,
gives to each State representative in the
HUME BOhhO Of DlhECIORS.
NoN-FORFEITING POLICIES.
All policies are non.forfeiting after two pay
ments are made, when either a paid.up policy
can be secured for an amount proportionate to
the number of premiums paid, or the policy sur
rendered and ninety per cent. of its "net present
value" received in cash as provided by the char
ter.
G. Z. KING Deputy Superintendent of the In
surance Department of the State of Missouri,
after o thorough personal investiga ton of the
affairs OF the Association (Dec. 90 ls7l,) says:
In conclusion, desire to congratulate the
officers and members of the Life Association of
America upon its present highly prosperous con-
dition, and upon the high position the company
justly occupies among the life assurance organ-
cations OF this country.
(signed) Q. L. KISa, Deputy Sup't"
Z. JULIUS L. CLARKE, Insurance Commissioner of
the State of Massachusetts, says under date of
1.-THE Life Association deseryedly ranks among
the prudent, conservative, and best managed life
The Hon. VIM BARNES, ten years Superinten-
dent OF the Insurance Department of the State
of New York, says: .-.l
So far as my knowledge extends no COM
pany in the world, curing the same lime from
organization, has ever issued SO large an amount
Of policies, or received SO heavy an amount of
II do not hesitate to recommend the Life
Association of America to the confidence and
patronage of the American people in any State
of the Union" r -
The following resolution of the Board of
Directors was unanimously adopted March ~,
1872:
tResolued, That the Board of Directors of the
Virgins Department Life Association of Ameri.
ca cordially endorse the plan and objects of the
Association, and recommend it to the confidence
and patronage of the people Of our State.''
BH AGENTS WANTED. Il g.r
NH 15-tf