The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1882-04-05

recognizing the possible continuance and fu-
ture effect of the causes producing the recent
great changes in the rate of interest on the best
securities; and the necessity of basing all life
insurance calculations upon rate certain to
be earned during the possible continuance OF
policies hereafter to be written, period OF
more than two generations, because OF the i'm
possibility of changing their basis in the future
as to business then existing should the assum-
ed rate of interest fail to be realized; and that
in business dependent on future contingent
cies nothing is certainly safe that is not
not more than apparently safe; in order
to provide absolutely safety in the basis
of its business and to have the largest
liberty in the future selection of Investments
toM compute the net premiums and reserves up
on future policies on the assumption Of earning
3 per cent interest on the best long investments
instead of four per cent, Which is nooc and mill
remain the basis of business noac existing.
AS further basis it assumes the rate of NOR
tally shown by the American Experience Ia
ble the entire safety of which, as an assump-
ton for the future, has been fully proved
Its contracts will thus be more securely based
than any now written; and so long as the actu-
al rate of interest remains above the assumed
rate, the larger reserves invested will give the
larger returls Of surplus interest.
The new premiums charged for policies,
while providing a larger reserve for future
safety, will give the advantage of the compa-
ny's unrivaled economy in management; being
on annual premium life policies on the average
something less than those heretofore charged.
Its new policies will contain SONS most inn
portant
NEW FEATURES:
While most men never get beyond the need
for insurance, nearly all look forward to time
when others will be no longer dependent upon
them and when they may wish to have all the
remaining surplus from past labors available
for personal use. Hence they take endowment
policies for such periods as they think will Gov
er the need of insurance, and payable to them
selves afterwards to which there are two esen-
tial objections: LIST, That in point of fact they
usually need the insurance after the term of
the policy has expired, but have then become
uninsurable, or can only get new insurance at
a much higher premium because of advanced
age; I'd, That the premiums for endowments
are so much higher than for life policies that
men cannot usually afford by this means to
carry as much insurance as their families need
In order to give method By which one can
carry the largest possible amount to protect his
family just as long as they may need it and yet
make the payments, less the cost Of insurance
had available at once should the need of in
surance cease, we offer the following:
,1a p poltav of tho ordinary al
nual premium, or with limited number OF
premiums; all surplus credited upon the pol
icy may be left with the company to accumu-
late at such rate of interest as may be deter
mined by the Directors, to be paid with the
policy, at its maturity, to the person entitled
thereto.
At the end of each period Of 10, 10, 20, %,
80, 50, etc.. years from the issue of such policy,
the parties in interest may surrender the same
for cash value as therein agreed, together
with the amount of the surplus previously
credited and so accumulated.
Or paid-up insurance may then be taken for
such amount as the cash value and surplus
previously credited will buy as single prem
ium.
Should the policy lapse at any intervening
year of the above periods, and after three
premiums have been paid, paid-up insurance
will be given, or surrender of the policy ac-
cordng to its terms, for such amount as the
reserve and surplus previously credited, less
small surrender charge, will buy as single
premium.
Each policy ,cU haze attached table Of cash
ual,es gro,cing out Of the reserUe, and the dc-
cunsulatton of surplus aciH be stated each year.
The accumulated surplus may be used
in case of necessity to pay current premiums.
This gives the greatest amount Of insurance
the premiums can buy while insurance is need
ed. and also gives their entire effect as an en-
dowment if insurance becomes necessary. The
longer the policy runs the greater its value,
both as an insurance and an endowment, and
the higher reseroe required By the assumption
of 3 per cent. interest makes the policy just so
much the more ualuable as an endowment
We believe it, as we intend it to be, the
safest, most valuable, and most liberal contract
ever written.