The Daily state journal. [volume] (Alexandria, Va.) 1868-1874, 1872-03-30
HOME INVESTMENTS

HOME INVESTMENTS.
The Association is organized on the purely |
mutual, or copartnership 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.
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 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
seltinsurance, applicable only to that particular
policy ITSELF when it becomes claim. and only
needs to have its principal secure and Its interest
sufficient, it would not seem possible to have 1t
invested too near the locality where that par
ticular policy will become a 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 q chartered right
the principle of local management and local in
vestments in each State.
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.forfeiting after two pay
ments are made, when either a paid-up policy
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.
G. Z. 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
| I'm 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 organi-
(Sgned) O. E KING, Deputy Sup't."
the state of Massachusetts, says under date o
December l, 1871:
The Life Association deseryedly ranks among
| the prudent, conservative, and best managed llf'
insurance organizations in the United States"
The Hon. WM BARNES, ten years Superinten
dent of the Insurance Department OF the Stat
of New York, says;
$50 far as my knowledge extends, no com
pany in the world, curing the same time IRON
organization, has ever issued 50 large an amour
; of policies, or received SO heavy an amount
premium income.
II do not hesitate to recommend the Lif
Association of America to the confidence an
patronage of the American people in any Stat
The following resolution of the Board 3
e Directors was unanimously adopted March Il
1872:
: Virginia Department Life Association Of Amer
: Gu cordially endorse the plan and objects of III
Association, and recommend it to the coniidenc
and ga,r9n MSn Of the p eSppne OF our state
~ NH lb-f