The Daily state journal. [volume] (Alexandria, Va.) 1868-1874, 1872-04-05
HOME INVESTMENTS.

HOME INVESTMENTS.
The Association is organized on the purely ,
mutual, or eopartnership plan. Zach state Is /
created distinct department of the company, I
and the business placed under the management
OF q board OF directors chosen from i's own I!
citizens
The language OF the charter Is as follows:
1.-THE Board of Directors in each department |
shall loan the money to be invested in said De-
partment."
Section 81 also provides that "the met 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. Elizur Wright, of
Boston, bears testimony as follows:
''As the true theory OF the reserve on any
policy Is that 1t is savings bank deposit, or
sef-insurance, applicable only TO that particular
policy itself, when 1t becomes claim. and only
needs TO have its principal secure and Its interest
81 fticiett, it would not seem possible to have 1t
invested TOO near the locality where that par
ticular policy will become claim"
To this feature of local representation and In
vesment, the Association largely owes its
UNPARALLELED SUCCESS.
THE ONLY COMPANY IN THE UNITED
STATES that guarantees as q chartered right
the principle of local management and local in
The ONLY COMPANY which, by its charter,
gives to each State a representative in the
HOME BOARD OF DIRECTORS.
NON-FORFEITING POLICIES.
| All policies are non.forfeiting after two pay
ments are made, when either 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'i received In cash provided by the chtIr-
ter.
g. z. KING, Deputy Superintendent of the In
surance Department of the State of Missouri.
after thorough personal investigation of the
| affairs Of the Association dec. 20, lS7l,) says:
| in conclusion, desire to congratulate the
officers and members of the Life Association of
| America upon its present highly prosperous con-
| diton, and upon the high position the company
| justly occupies among the life assurance organi-
| cations of this country.
(signed) G. r. KIsu, Deputy supt."
4 JuLIUs L. CLARKE, Insurance Commissioner OF
the state of Massachusetts says under date OF
December l. 1871: acE
"The Life Association deservedly ranks among
the prudent, conservative, and best managed life
insurance organizations IN the United States"
The Hon. WIN. BARNES ten years Superinten-
dent of the Insurance Department of the State
of New York, says:
$50 fa as my knowledge extends, CON-
pany in the world, uring the same time from
| organization. has ever issued SO large an amount
nrero INN income.
II do not hesitate to recommend the Life
Association of America to the confidence anc
patronage of the American people IN any Statt
of the Union"
The following resolution of the Board o
Directors was unanimously adopted March IL
1879:
sResogred, That the Board of Directors of tn.
Virgins department Life Association of Ameri
ca cordially endorse the plan and objects OF thu
Association, and recommend It to the confidence
and patronage of the people of our State"
Be AGENTS WANTED.
NH l6--tf