The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1872-03-22
HOME INVESTMENTS.

HOME INVESTMENTS.
The Association Is organized on the purely mutual
or cn-pnrtnership plan. Each State Is created dis
inc department Of the compa ny, and the business
placed under the management of board of drcc-
tors chosen from Its own citizens.
The language Of the charter Is rs follows The
Board of Directors In each department shall loan
the money to be invested in said department"
Section 81 also provides that the net present
value Of the liabilities Of the company under poll
cies issued TO members of each department. as fixed
by the standard of valuation of the company, shall
he invested and kept invested, within such depart
mcnt"
OF the wisdom and safety Of the plan adopted by
the Association the Hon. Elzur Wright, of Boston,
bears testimony rs follows:
'sAs the true theory of the any policy IS
that it Is savings bank deposit, sef-inslrance
applicable only to that particular policy ITSELF when
1t becomes claim and only needs to have Its prnci-
pal secure and Its interest sufficient it would not
seem possible to have 1t invested too the local
ity where that particular policy will become
claim"
To this feature Of local representation AMI Invest
ment the Association largely owes its
UNPARALLELED SUCCESS.
The only Company in the United States that qua
rantecs as chartered right the principle OF local
management and local investments 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 payments
are made, when either paid-up policy Can be Sc
cured for an amount proportionate to the number
of premiums paid, or the policy surrendered and
ninety per cent. of its met present value received
In cash as provided by the charter.
C.E. KING. deputy superintendent of the Insur-
am rfm of the State of Missouri. after 4
thorough personal investigation of the affairs of the
Association December 90, 1911 says:
In conclusion, desire to congratulate The officers
and members of the Life Association Of America
upon the high position tho company justly occupies
among the life assurance organizations OF this coun
try. (Signed,) e.. l.. KING,
'!Dcputy Superintendent"
julius L. CLARKE, Insurance Commissioner Of
the State OF Massachusetts, says, uncr date OF DC
ccmber l. 1871:
1.-The Life Association descrvedly ranks among the
prudent. conservative, and bcst-lnanagcd life lnSu-
rance organizations in the United StatcS.'
The Hon. WILLIAM BARNES, ten years supcrin-
tenden of the Insurance Department OF the State OF
New York, says:
so far as my knowledge extends, no company in
has ever issued 80 large amount of policies or re-
ceived SO hcavy. an amount Of premium income
81 do not hesitate to recommend the Life Associa-
ton of America to the confidence and patronage OF
the American people In any State OF the Union.
The following resolution of the Board of Direc-
tors was unanimously adopted March r. 1871:
'ReSUlred, That the Board OF Directors oi tue
cordially endorse the plan and objects of the Asso,
citation, and recommend II to the confidence and
patronage of the people of our State"
AGENTS WANTED. NH 2l-lw