The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1872-03-25
HOME INVESTMENTS.

HOME INVESTMENTS.
The Association Is organized on the purely mutual
or co-partnershIp plan. Each State Is created dis
tinct department of the compa ny, and the business
placed under the management of a board of direc-
tors chosen from its own citizens.
The language Of the charter is us follows: /" THO
Board Of Directors In each department shall loan
the money to be invested in said department"
Section 81 also provides that "the met 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
be invested, and kept invested, within such depart
ment." ...s
Of the wisdom and safety Of the plan adopted by
the Association the Hon. Elizur Wright, OF Boston,
bears testimony as follows:
'As the true theory OF the reserve on any policy Is
that 1t is savings bank deposit, selfinsurance,
applicable only to that particular policy ITSELF when
1t becomes claim, and only needs to have its princ-
pal secure and its interest sufficient, 1t would not
seem possible to have 1t invested too near the local
ity where that particular policy will become O
claim"
To this feature Of local representation and invest
ment the Association largely owes its
.. UNPARALLELED SUCCESS.
The only Company In the United States that qua
ranteeS as chartered right the principle of local
management aud local investments In each State
The only Company which. by its charter, gives 10
each State representative In the HOME BOARD
OF DIRECTORS.
- NON-FORFEITING POLICIES.
All policies are non-forfeiting after two payments
are nude, when either paid.up policy can We Sc
cured for Ill amount proportionate to the number
of premiums paid, or the policy surrendered and
ninety per cent of its "net present value received
in cash us provided by the charter. So
.f.fy e ,.,, ,,,,o-s,,.,,,,,,. 80. ho I,s,.
ance Department of the State of Missouri, after n
thorough personal investigation of the affairs OF the
Association December 20, 1871 says:
and members Of the Life Association Of America
upon Its proseAt highly prosperous condition. and
upon the high position the company justly occupies
among the lie assurance organizations OF ms coun
try. -. tSignedD q. Il. KING,
deputy Superintendent"
jules L. CLARKE. Insurance Commissioner Of
the State OF Massachusetts says, under date OF De-
"The Life Association deseryedy ranks among the
rance organizations In the United States
The Hon. WnLIAaf BARNES, ten years superin-
tendent OF the Insurance Department Of the State OF
!" So far as my knowledge extends, no company In
the world, during the same time from organization,
has issued large an amount CT policies or re-
ceived So heavy an amount fpremium income =
~ do not hesitate to recommend the Life Associa-
ton OF America to the confidence and patronage Of
the American people 10 amy State ofthe Union" =
tors was unanimously adopted March Il, 1877: =
alPesotred, That the Board OF Directors Of the
Virginia Department Life Association Of America
Cordially endorse the plsn and objects e the Asso
AGESTs WAITED. = - 80 go -. 81 NH a,-lw