Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1885-01-24
The New Departure of the Penn Mutual
Life Insurance Company,
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fhAQoe7phtn u - kerteH.
PromiAent among tie financial institutions
of this State stands the Penn Mutual Life
Insurance Company. It has been both en-,
terprising and conservative. Ii has extended
its business BY legitimate methods and by
honest work. Within the last dozen years
il has doubled Its assets and has not H.
creased Its rata OF expense-two very re-
markable circumstances. It's agency con-
sists Of men Of brain and character who
have been especially trained for the posi-
tons which they occupy.
This excellent office has always been
mana yed IL the interests of the policy hold
ers. who are its only stockholders. The OBJ
iect hiss been to furnish an insurance which
viii certainly be paid at maturity at the
lowest possible cost, and to adapt Its plans
to the needs of Its members.
For the better accomplishment Of the
purposes named new policy forms have with
the advent of the present year been intro
duced, which are not only adapted to the
needs of the ordinary in3uraut, but are as
liberal as they can be consistently with
safety. The more prominent oS these new
contracts is what is knowH as the five year
option policy. 1t is simple contract which
contains the following provisions, viz:
The right to paid-up policy after three
years
Incontestability after three years if the
conditions in regard to residence, age, and
are all duly observed; >.
After the FIFTH anniversary Of the policy,
and every fifth year thereafter, the insured
can either
Use the accumulated surplus in the pay
ment Of premium;
Withdraw the surplus and continue the
policy BY the payment Of premium;
Withdraw the cash surrender value,
which is stated in the policy or
Use such surrender value for the purchase
OF paid-up insurance.
This policy, issued BY large and unques-
tiOnably solvent company whose manage,
ment is intelligent and Conscientious: and
whose past record with its members IN re
sheet to hbera6ty and valuable results to
policy holders, is equal to that Of any other
Office in the world, possesses many advan
faces. 1t meets the need Of the average III
sursr in that It will afford protection during
The wears in which il is req ired and then
can be surrendered to the company upon
most liberal and definite terms. Premium
uaying in Old age, after all insurable inter
est has ceased, for the purpose Of protecting
ones estate can thus be avoided. This
feature alone would commend this new form
of insurance to all thoughtful men.
This contract viii furnish protection at
the lowest possible rates during any term OF
wears divisible By Eve. This will be eyi-
dent if from the premiums paid say at the
end Of ten years, is deducted the tuu four
and one-hah per cent. reserve, together with
A conservative allowance Tor accumulated
surplus. =.
The issue of the FIVE year option policy
makes new departure not only IN TINS
company, but in American life underWrIt'
ing. IL furnishes policy which IS safe,
conservative, practical and excellentlY well
adspted to the wants Of thu ordinary man.
For this reason we have words Of congratu-
lstion and welcome.
Great Improvement has also been made
in the ordinary forms Of life and endoT-
ment insurance. They are all ineOntesta'
bic and contain liberal surrender value pro-
visions.
The accumulated surplus policy is also
well worthy of consideration. Il IS clear
and definite contract and in its practical
workings reaches in some regards ends
sought to be attained By the 6veyear option
contract. II is an excellent form Of insur-
ance.
The Penn Mutual Life is company
which is now thirty seven years old. Its
record is honorable to all those who have
ever been officially connected whit. Il Is
worthy Of he patronage Of al those whose
families may be in want of that protection
which can only be afforded BY means Of q
life insurance policy.