The Daily state journal. [volume] (Alexandria, Va.) 1868-1874, 1872-04-02
366,63? as
HOME INVESTMENTS

HOME INVESTMENTS
The Association is organized on the purely
mutual or co.partnership plan. Each State Is
created 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 MS follows
"The Board of Directors in each department |
shall loan the money to be invested in said De
partment.h
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 testmonyas follows
AS the true theory of the reserve on any
policy is, that it is savings bank deposit, or
selfinsurance, applicable only to that particular
| policy itself, when 1t becomes claim. and only
needs to haveits 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 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 rs chartered right
the principle of local management and local in
| vestments in each State.
gives to each State representative in the
HOME BOARD OF DIRECTORS.
NON-FORFEITING POLICIES.
ali policies are non.forfeiting 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 eur
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 thorough personal investigation of the
affairs of the Association (Dcc. 90, 1871 says:
"In conclusions, 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 organl
cations of this country.
(Signed) C.E KING, Deputy Supt."
J JuLIrs L. CLARKE, Insurance Commissioner o
the State of Massachusetts,, says under date o
l December /, 1871:
''The Life Association deservedly ranks anon.
7 the prudent, conservative, and best managed III
e insurance organizations IN the United States"
The Hon WIN. BARNES, ten years superinten
: dent of the Insurance Department of the Stat
Y of New York, says:
r $50 far as my knowledge extends no com
pany in the world, curing the same time fror
9 organization, has ever issued 50 large an amour
n of policies or received SO heavy an amount
> II do not hesitate to recommend the Lii
y Association of America to the confidence an
II patronage of the American people IN any Stat
u of the Unon.h
y The following resolution of the Board
:, Directors was unanimously adopted March l.
4 1872:
n ''Resolued, That the Board of Directors of ti
"a Virginit Department Life Association Of Amer
p ca cordially endorse the plan and objects Of II
Association, and recommend it to the confident
g and patronage of the people of our State
ot Bas- AGENTS WANTED.