New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-04-05

Its contracts will thus be more securely based
than any now written; and so long as the actual
rate of interest remains above the assumed rate the
larger reserves invested will give the larger returns
of surplus interest.
The new premiums charged for policies, while
providing larger reserve for future safety VIII
give the advantage of the companYs unrivalled
economy in management; being on annual premium
life policies on the average something less than
those heretofore charged.
Its new policies will contain some most impor-
tant
NEW FEATURES.
Whilemost men never get beyond the ne ed for in
surance, 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 sur
plus from past labors available for personal use.
Hence they take endowment policies for such
periods as they think will cover the need OF lnsur-
ance and payable to themselves afterward; 10
which there are two essential objections; lst
That in point of fact they usually need the 'nsur
ance after the term of the policy has EXPIRED out
have then become unnsurable, or can only get new
insurance at a much higher premium because OF ad-
vanced age I'd; That the premiums for endow-
ments 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 a method by which one can carry
the largest possible amount to protect his family
inst rs long as they may need it and yet make the
navnents less the cost Of insurance had, available
t once should the need of insurance cease, we offer
the following:
The Whole Life Policy at the ordinary annual
premum or with a limited number of premiums;
all surplus credited upon the policy may be left with
the company to accumulate at such rate of interest
rs NAV be determined by the Directors to be paid
with the policy Mt its turity, TO the person en-
titled thereto.
At the end of each period of 40, 4 5, 30, 20, 30,
3J. etc. wears from the issue of such policy, the
parties in interest may surrender the same Tor cas
value as therein agreed, together with the amount
Of the surplus previously credited and so accumu-
lated.
Or paid-np insurance may then be taken for such
credited will buy as a single premium
Should the policy lapse at any intervening year
of the above periods and after three premiums have
been paid paid-up insurance will be gwen on sur
render of the policy according to its terms for such
amount as the reserve and surplus previously
credited less a small surrender charge will buy as
| a single premium.
Each policy ,cH hare attached table Of cash rG'aes
rocimg out Of the reerre. and the acc anU'dtioH OF sur
| plus ,ciH be stated each year.
The accumulated surplus may be used in case Oh
| necessity to pay current premiums.
| This gives the greatest amount of insurance the
premiums can buy while insurance is needed, and
also gives their entire effect as an endowment IL III
surance becomes unnecessary. The longer tht
policy runs the greater its value, both az an III
surance and an endowment, and the h'g"r reSerr'
reouireI by the assumption Of per cent interest make
,he ooJc inst No much the more raaabe as an endor
| ment.
| We beleve il. as we intend il to be, the safest
most valuable, and most liberal contract eve
| written.
JACOB L. GREENE, President
JOHN NJ. TAYLOR, Secretary.
| w. G.. ABBOT, asst Secretary.
! D. H. WELLS, Actua'y
PHILIP S. MILLER, Gent agent.
| / Wall-st, cor. Broadway, NEN-lORA CITY