The Daily state journal. [volume] (Alexandria, Va.) 1868-1874, 1872-04-17
HOME INVESTMENTS.

HOME INVESTMENTS.
The Association Is organized on the purely
mutual, or co-partnership plan. Each State is
created a distinct department of the company,
and the business placed under the management
Of board of directors chosen from its own
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, benrs testimony follows:
As the true theory of the reserve on any
policy is, that 1t is a savings bank deposit, or
selfinsurance, applicable only to that particular
policy ITSELF when it becomes a claim. and only
needs to have its principal secure and its interest
sufficient, 1t would not seem possible to have it
invested too near the locality where that par
tleular 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 as a chartered right
the principle of local management and local in.
yestments in each State.
The ONLY COMPANY which, by Its charter,
gives to each State a representative In the
HOME BOARD OF DIRECTORS.
INCORPORATING POLICIES.
All policies are non. FORGETTING after two pay
ments are made, when either a paid up policy
can be secured for amount proportionate to
| the number of premiums paid, or the policy sur
rendered and ninety per cent of Its "net present
value" received in cash as provided by the char
| ter.s
g. E. KING, Deputy Superintendent of the In.
4 suraflce Department of the Statp n Missouri
after thorough personal Investigation of the
affairs of the Association Dec. 20, 1871 says:
| In conclusion, desire to congratulate the
| officers and memb ers 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.
tSigneI 9. f. KING Deputy sup't"
Julius L. CLARKE, Insurance Commissioner Of
the state OF Massachusetts, says under date Of
The Life Association deservedly ranks among
the prudent, conservative, and best managed life
Insurance organizations IN the United States"
| The Hon. WM. BARNES ten years Superinten
dent OF the Insurance Department of the State
| of New York. says:
pany in the world, turing the same time from
| organization, has ever issued 50 large an amount
Of policies or received 80 heavy an amount
II 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.n ra
The following resolution of the Board O
Directors was unanimously adopted March II
1872:
"ResoIued, That the Board of Directors of tn
| Virginia Department Life Association of Amer
ca cordially endorse the plan and objects of tn
Association, and recommend it to the confidenc
and patronage of the people of our State.'
Ea AGENTS WANTED.
| NH lift