The Daily state journal. [volume] (Alexandria, Va.) 1868-1874, 1872-04-15
INSURANCE.


-t1-e for $4,000. t1r+
Assets, Dec II, 1913 ,153 SO
Total 3,246, 5I6 O5
surplus 3e6,637 As
HOME INVESTMENTS.
The Association is organized on the purely
mutual, or copartnership plan Each Slate is
created a distinct department of the company,
and the business placed under the management
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.n tN E#sTE"
Section 81 also provides that "the met present
value of the liabilities of the company. under
policies issued to members of each department,
as liked by the standard of valuation of the
company, shall be invested and kent invested
within such department"
OF the wisdom and safety of the plan adopted
by the Association, the Hon. Elzur Wright, of
Boston, bears testimony follows: - q. /.
AS the true theory of the reserve on any
policy is, that it Is a savings bank deposit, or
self-insurance, applicable only to that particular
policy itself, when it becomes a claim. and only
needs to have its principal secure and its interest
sufficient, it would not seem possible to have it
ticular policy will become claim"
TO this feature of local representation and in
vestment, the Association largely owes its
UNPARALLELED SUCCESS.
THE 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
HOME BOARD OF DIRECTORS.
NON-FoRFEITING POLICIES.
All policies are non FORGETTING 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 met present
value" received in cash rs provided by the char
ter: Z 1'.T--
U. T.. KING Deputy Superintendent of the In
surance Department of the State of Missouri,
after a thorough personal Investigation of the
affairs OF the Association dec. 20, 1871 says:
oicers and ae e e. 70 go the
America upon Its present highly prosperous con-
dition, and upon the high position the company
Justly occupies among the life assurance organi-
tSigneD O. e. Krsa, Deputy sup't"
JULIUS L. CLARKE, Insurance Commissioner of
Ine Saa.e OF massachusetts,, says under date Of
| "The Life Association deservedly ranks among
the prudent, conservative and best managed life
! insurance organizations in the United Statesn
The Hon. WIN. BARNES, ten years Superinten-
dent OF the Insurance Department of the State
OF New York, says
| so far as my knowledge extends, no COM
pany IN the world, curing the same time from
ORGANIZATION, has ever issued 50 large an amount
/ OF policies, or received so heavy an amount OF
| premium income.
| Il do not hesitate to recommend the Life
1 Association of America to the confidence and
| patronage of the American people in any State
1 of the Union"
| The following resolution of the Board o.
| 1872:
| "Resolped, That the Board of Directors of the
| Virginia 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'
RT AGENTS WANTED.
| NH lift