New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-07-11
EXPERIENCE IN LIFE INSURANCE.

NON-FORFEITABLE PoLICIEs-THE ONLY TERMS on
WHICH A COMPANY WOULD PERMIT TIE SUR
RENDER OF POLICY.
To ne EditOr Of The tribune.
SIR: Some ten years ago | began to
reside IN city in this State Of about 1900 inhabitants
and in few years purchased homestead paying all
in cash except $500. which left bond and mort
gage As made acquantanees. became friendly with
three prominent citizens who, 10 age, had passed so,
who were Of excellent social standing, aud two OF whom
were officers IN orthodox churches They all life
insurance agents, and had piled their vocation with
great success. One OF them told lately in those
yany times he sometimes made $50 in commissions
DAY. one OF these three gentlemen was near neigh
Dor and had become somewhat reduced and this
awakened my sympathy. He had frequently spoken TO
Inc about insurnc my lie, and had declined After
period, however. had family, I thought Of the
possible enbaT assment of this s25O0 bond and mort
a and co"Si%ded to Case take % life policy for
that amount leaving the selection OF the company 70
NY friend. He persuaded me TO make the amount OF
IIy policy 5000 and brought me the prospectus OF
company when ne sdu e'Cu Sc" ~ ,.i Va
% pope for onethird, / could take out a
policy for 5000 IDS noIS dpp and c5uI SAY nv s Sc
possibility be called upon 70 pay IT, AT that Tune dld
NOT give noe but PAD as We
advertised. and IN Their advertisement was thls clause
tins meant. and he replied means H. at any time from
inability Inclination you wish 10 close your policy the
company Will pOllcy, pa!hUlc az your
for the smount OF cash YOU have paid them. TOOK
policy OF and paid for three years Thea misor
sunos came, and fet uuable 20 Keep Up nv payments
after having paid In premiums over $500, j told my
Ifeud nv situation, and he told me that the company
Lad declared two dividends, and would receive pc
lev between s7OO $500. He finally brought the
policy for S750 on which he explained there would
be a of sl0 during my life. As / had never seen
any OF the officers OF the company | asked
Inn go and them and have the policy reduced, so
that should not be bothered with this tax OF S20
Innum. In a day two he informed me this all the
company would DO, and had better see them myself
70 waited upon the President at his Office In New York,
and found the whole matter very pious fraud.
must pay this $50 year during life, aud my death
xO would be deducted FOR my notes. aud then my cash
would be handed 10 my heirs; II did not DO this. /
could not receive dollar, as they would not give dime
Tor the suErender Ot my policy asked the President
Mat he meant by his advertisement IN prominent
l.ous yetkiy"a all policies nOnforfetable." He said
I unsf comply with their terms, and he author
I'D MS agents 10 make such statements. The result
~ oct my money aud this President and company
nc euOving the fruit OF Their dOlngs MY neiglDOr,
no cot me into this trap. l. dead Tue other Two gen
tcmen DO were agents OF The same blessed institution,
have heartily fepented Of tueir connection Win ne 10
iNIADEA~
Neu York, July Q. 1874
NRtWHIsTLERS ART EXHIBITION IN LONDON
10 me razor Of The TrfbHne.
SIR Will you permit me, as an old ana ih'i'
mate friend OF Mr.. Whistler, and myself an art student