The Daily state journal. [volume] (Alexandria, Va.) 1868-1874, 1872-03-19
: HOME INYESTMENTs

HOME INVESTMENTS.
Inc 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 board of directors chosen from its own
citizens. c = -
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." bf
Section 81 also provides that sthe met present
value OF the liabilities of the company under
policies issued to members of each Department.
as liked by the standard of valuation of the
company, shal 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 testimony as follows:
las The true theory of the reserve on any
policy is, that it is a savings bank deposit or
seif-insurance applicable only to that particular
policy itself, when it becomes q claim and only
needs to haveits principal secure and its interest
sufficient, 1T would not seem possible to have it
invested too near the locality where that par
ticular policy will become claim"
40 TINS feature eat OF local representation and in
vestment, the Association largely owes its
UNPARALLELED SUCCESS.
THE ONLY COMPANY IN THE UNITED
SIAIES that guarantees as a 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 n representative i'm the
HOME BOARD OF DIRECTORS. " '"e
1e NON-FoRFEITING POLICIES. " (.
All 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 sur
rendered and ninety per cent of its t'net present
value" received in cash as provided by the char
ter. Gt EHE'T =
=. E. king, Deputy Superintendent of the In
suranee Department of the State of Missouri
after thorough personal investigation of the
affairs OF the Association Dec. 20, 1919 SAYS:
In 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-
cations of this country.
(signed) G. E. KING, Deputy supt."
julius L. CLARKE, Insurance Commissioner of
the State of Massachusetts,, says under date of
December /, 1s7l
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
4 so far as my knowledge extends, no COM
pany in the world, curing the same time from
organization, has ever issued so large an amount
OF policies, or received SO heavy an amount of
4 II do not hesitate to recommend the Life
Association of America to the confidence and
patronage OF the American people in any State
The following resolution of the Board of
Directors was unanimously adopted March r.
1872;
l"Resolued, That the Board of Directors of the
Virginia Department Life Association of Ameri-
ca cordially endorse the plan and objects of the
Association, and recommend it to the confidence
and patronage of the people of our State"
No AGENTS WANTED.
Z NH lb-tf