The Daily state journal. [volume] (Alexandria, Va.) 1868-1874, 1872-04-01
HOME INVESTMENTS.

l
The Association is organized on the purely
mutual or eo-partnership plan. Each State Is
created a distinct department OF the company,
and the business placed under the management
of a board OF directors chosen from its own
citizens. n.. ..r ... II.
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, benrs testimony as follows:
"As the true theory of the reserve on any
policy is, that it is savings bank deposit, or
self-insurance, applicable only to that particular
policy itself, when it becomes a claim and only
needs tohaveits principal secure and its interest
sufiicient, it would not seem possible to have it
invested too near the locality where that par
ticular policy will become claim.n ga...
To this feature of local representation and in.
vestment, the Association largely owes its saaa
UNPARALLELED SUCCESS.
THE ONLY COMPANY IN THE UNITED
STATES that guarantees 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. 5z5 .Ts,E
/
NON-FORFEITING POLICIES.
All policies are non FORGETTING 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" received in cash as provided by the char
ter.
@. E. 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, 1871 says;
Sin conclusion, desire to congratulate the
America upon its present highly prosperous con-
dition, and upon the high position the company
justly occupies among the life assurance organi-
| cations of this country. .t4..lI .r-r 49,. r.-.
(Signed) G. T. KING, Deputy supt."
| JULIUS L. CLARKE, Insurance Commissioner OF
| the State of Massachusetts, says under date OF
December |, 1871:
"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 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 o
| premium income. n
~ do not hesitate to recommend the Lift
Association of America to the confidence ant
patronage of the American people in any stat
of the Union" ~ .-.-.
The following resolution of the Board o
Directors was unanimously adopted March IL
1872: ...-. 49,
RESOLVED, That the Board of Directors of tn
Virginia Department Life Association of Ameri
ca cordially endorse the plan and objects OF tn
). Association and recommend it to the confidenc
and patronage of the people Of our State"
ne AGENTS WANTED. ,.n-.. ..t.
; NH 15-tf