The Daily state journal. [volume] (Alexandria, Va.) 1868-1874, 1872-03-23
HOME INYEsTMENTs.

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
citizens. ~ ~
The language of the charter is as follows
1.-THE Board of Directors in each derartment
shall loan the money to be invested in said De
partment.'
Section 81 also provides that s'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, bears testimony as follows:
As the true theory of the reserve on any
policy is, that it is a savings bank deposit, or
self-insurance, applicable only to that particular
policy itself, when it becomes claim. and only
needs to have its principal secureand lis interest
sufficient, 1t would not seem possible to have it
invested too near the locality where that par
ticular policy will become claim"
10 TINS feature of local representation and in
yestment, 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 representative in the
e NON-FoRFEITING POLICIES.
All policies are nonforfeiting 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 '.net present
value" received in cash as provided by the char.
ter. ~
q. E. KING, Deputy Superintendent of the In
surance Department of the State of Missouri,
after thorough personal investigation of the
affairs of the Association (Dec. 20, 1871 saws:
in conclusion, 1 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 organf-
zations of this country.
(Signed) O. L. KrSe, Deputy supt."
JULIUS l.. CLARKE, Insurance Commissioner of
the State of Massachusetts, says under date of
December l, 1871. t
1.-THE Life Association deservedy ranks among
the prudent, conservative, and best managed life
a The Hon. WIN. BARNES, ten years Superinten-
dent of the Insurance Department of the State
of New York, says: ,cH
$50 far as my knowledge extends, no COM
pany in the world, ouring the same time from
organization, has ever issued 50 large an amount
Of policies, or received SO heavy an amount of
do not hesitate to recommend the Life
Association of America to the confidence and
patronage OF the American people in any State
of the Union.'
The following resolution of the Board of
1872:
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"
RG AGENTS WANTED.
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