The Daily state journal. [volume] (Alexandria, Va.) 1868-1874, 1872-04-06
HOME INVESTMENTS.

HOME INVESTMENTS.
The Association is organized tho purely
mutual, OF co.psrtnershp plan. Zach state Is
created a distinct department of the company,
and the business placed under the management
of board of directors chosen from its own
citizens.
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-
pariment."
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 |
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
sef-insurance, applicable only to that particular
| policy itself, when 1t becomes claim. and only
needs to haveits principal secure and its interest
sufficient, 1t would not seem possible to have 1t
| invested too near the locality where that par
tlcular policy will become a claim"
| To this feature of local represents ton and In
vestment, the Association largely owes its
UNPARALLELED SUCCESS.
THE ONLY COMPANY IN THE UNITED
| STATES that guarantees as chartered right
the principle of local management and local in
The ONLY COMPANY which, by its charter
gives to each State a representative in the
HOME BOARD OF DIRECTORS.
NoN-FoRFEITING POLICIES.
All policies are non-forfeiting after two pay
ments made, when either paid-up policy
can be secured for an amount proportionate 10
the plumber of premiums paid, or the policy sur.
rendered and ninety per cent OF its met present
value" received in cash provided by the char
: ter.
/, c. E. KING, Deputy Superintendent of the In
i surance Department of the State OF Missouri
q after a thorough personal investigation OF the
: affairs of the Association dec 20, ls7l0 says:
y "1n conclusion, desire to congratulate the
!, 4 officers and members of the Life Association o.
:. America upon Its present highly prosperous con
"a dtion, and upon the high position the company
y Justly occupies among the life assurance organi
. cations of this country.
!. (Signed) O. Z. KIsa, Deputy Sup't."
I" JuLIus L. CLARKE, Insurance Commissioner 0
the state of Massachusetts, says under date Q
= December |, 1871:
1.-THE Life Association deservedly ranks anon
the prudent, conservative, and best managed III
insurance organizations IN the United States"
Or The Hon WIN. BARNES, ten years Superintel
!" dent of the Insurance Department of the Stat
,s, $50 far as my knowledge extends, no con
n pany in the world, uring the same time froi
rs Organizations has ever issued 80 large an amour
of policies or received 50 heavy an
IT do not hesitate to recommend the Ii
= Association of America to the confidence al
.patronage of the American people in any Sta
of the Union"
The following resolution of the Board
Directors was unanimously adopted March ]
1872:
yirgni Department Life Association OF Anne
ca cordially endorse the plan and objects OF 7
Assoc iation and recommend it to the eonlioen
are ga AGESsT s W Va ERsPRRDS q our S
NH 15--r