The Daily state journal. [volume] (Alexandria, Va.) 1868-1874, 1872-04-13
HOME INVESTMENTS.


HOME INVESTMENTS.
The Association is organized on the purely
mutual, or eo-partnership plan. Each State Is
created a distinct department of the company,
and the business placed under the management
of a 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 net 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 1t becomes a claim and only
needs to have its principal and its interest
sufficient, 1t would not seem possible to have it
invested too near the locality where that par
ticnlar policy will become a 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 chartered right
the principle of local management and local in
| vestments in each State.
The ONLY COMPANY which, by its charter.
HOME BOARD OFT OF piRE EegTeSRA''' " 'A'
NoN-FoRFEITING POLICIES.
All policies are non. forfeitng 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 tnet 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 says:
SIN 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. L. KISo, Deputy Sup't."
JULIUS L. CLARKE, Insurance Commissioner OF
the State of Massachusetts, says under date OF
December L. 1871: w..
"The Life Association deservedly ranks among
the prudent, conservative, and best managed life
insurance organizations in the United States"
r AASSss
The Hon. WM. BARNES, ten years Superinten
dent of the Insurance Department Of the STATE
!, 80 far as my knowledge extends, no com
pany in the world, curing the same time from
i organization, has ever issued SO large an amour
T of policies, or received SO heavy an amount
= II do not hesitate to recommend the Lif
Association of America to the confidence AM
patronage of the American people in any Stat
of the Union"
The following resolution of the Board Q
Directors was unanimously adopted March II
1872:
Virgnia Department Life Association of Amer
ca cordially endorse the plan and objects of tn
Association and recommend it to the conf1denc
and patronage of the people of our State"
re- AGENTS WANTED.
NH l5--tf