The Daily state journal. [volume] (Alexandria, Va.) 1868-1874, 1872-04-11
DEPARTMENT OFFICERS.
HOME 1NYESTMENTs

HOME INVESTMENTS.
The Association is organized on the purely
mutual, or copartnership PLAN Each Slate Is
created distinct department of the company
aud the business placed under the management
Of board OF directors chosen from its own
citizens. =.
The language of the charter is az follows
THE Board of Directors in each department
shall loan the money to be invested in said De-
partment.n
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
or the wisdom and safety of the plan adopted
by the Association, the Hon. Elizur Wright of
Boston, bears testimony ms follows:
As the true theory of the reserve on any
policy is, that it is savings bank deposit, or
seltinsurance, applicable only TO that particular
policy itself, when it becomes claim. and only
needs to hayets principal secure and its interest
sufficient 1t would not seem possible to have it
invested too near the locality where that par
ticnar policy will become claim"
To this feature of local representation and in
restfnent, the Association largely owes its
UNPARALLELED SUCCESS
THE ONLY COMPANY IN THE UNITED
STATES that guarantees as n 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 a representative in the
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INCORPORATING POLICIES.
All policies are non.forfeting after two pay.
ments are made, when either 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 met present
value" received in cash as provided by the char
ter,
q. Z. 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 says
In conclusion, desire to congratulate the
| officers and members of the Life Association of
America upon its present highly prosperous con-
ditlon, ana upon the high position the company
| justly occupies among the life assurance organi-
Zations of this country
Csgnedl G. Z. KING, Deputy Sup't."
the State OF Massachusetts, says under date of
| December /, 1871: --
| 1.-THE Life Association deservedly ranks among
| the prudent, conservative and best managed life
insurance organizations IN the United States"
The Hon. WIN. BARNES, ten years Superinten-
| dent OF the Insurance Department of the State
| $50 far as my knowledge extends, no COM
| pany in the world, curing the same time from
organization, has ever issued 50 large an amount
Of policies, or received so heavy an amount of
| Il do not hesitate to recommend the Life
| Association of America to ;she confidence and
patronage of the American people in any Stale
| of the Union"
The following resolution of the Board OF
| Directors was unanimously adopted March H.
| 1872; =
"ResoIced, That the Board of Directors of the
| Firginit Department Life Association of Ameri-
ca cordially endorse tho plan and objects of the
| Association, and recommend it to the confidence
and patronage of the people of our State"
ae@ AGENTS WANTED.
/ NH l5--tf