The times. [volume] (Richmond, Va.) 1890-1903, 1892-02-07
THE LIVE INSURANCE. COMPANY OF
VIRGINIA.

After years Of consideration and decades OF
prominence the lie Insurance ssSs'" u ~
day IL no new thing. No man wise III us
generation and honest IN his conviction us
putes the proposition. The question: theh'
simply remains ~ to what company ~ rslIt-
bic what company guards the interests oil It's
policy holders and faith. ully fulnlls us con-
tracts with rs people.
ia tho spring Of II the Lie insurance
Company OF Virginia was organized. anu
through the succession OF years MS ouiisa,
tions have been performed It's 18th Kept AMI
it, character pronounced IN keeping with
that ~ tue best OF similar institutions OF the
country.
The home Office OF the company il located
m Richmond. and its directors aud officers are
ma 10 up of our best and most substantial
business men. whose names gwen To any en-
terprise invests Il With stability and inspires
public confidence.
The twenty-secOnd annual statement Of the
company has been recently published and II
represents condition cOmmenda le m the ex-
treme zach year since its inception the CON-
pany has grown and prOspered establishing
wide reputation tyr prompt and proper dealing
and lust and equitable observance o. al OF
its obligations. The growth OF the company
is evidenced in the following C Imperative
statement for the past five years o. It's pre-
MUM ncome 1887. sJ9, 500. 1888. sl2i ,Oi9:
1889 SI5l, III; 1890. 1924. j47: 1891. 1893, AI6l
The gross income for 1891 was Stlb.4O,.Ol
and the total insurance IN force IS ~ ,5zy
I he a. airs Of the company are ID the handS
of Mr. G.. A. Walker IS president. anu Mr..
James w. Pegram. secI etary. The eihciency
OF these officers has been thoroughly anu
practically demonstrated
Speaking generally. the business OF this
company is of a threefOld nature-tne lnsur-
ance Of lives, the granting OK endo"ueh1s
and the investment OF It's funds. 49,.
Ia ? no
and endowment Insurance. 1t IS not. perhaps
generally known now completely It's polcy
contracts are adjusted TO the requirements OF
every class Of people. You can insure your
lie for any amount from $4,000 down To- less
than 800. and you can pay your premiums
annually. semi-annualy. quarterly or IN
monthly or weekly instruments. Just as you
prefer To show how this feature Is appre-
ciated il is only necessary To add that over
1900 people in Richmond alone are insured III
the Lie Insurance Company OF Virginia.
An original feature IF the company ~ IFS en-
dOwment department, IN which All moneys re-
ceived are held and accumulated IN sepa-
rate account called the Endowment Fund. A
share in this fund is an endowment OF SlOO.
These endowments may be paid Tor N one
uaymeat or ia small monthly payments. Al
maturity the company pays the holder az
many hundred dollars as the endowment calls
for. This form of investment and savings
has become very popular
ThecOmpany sells the pald-uD snares III tnls
fund at SO per share The payment OF the
par value of these shares sl00) az the end
Of ten years is guaranteed by the Lie lnsur-
ance Company Of Virginia.
The company's guarantee IL based upon
the principle that life insurance com
panies are required by law TO protect their
insurance contracts, viz That the company
shall continuously hold IN reserve 20 the
credit of each share issued such sum as
will IL invested at not moro than per cent
per annum. amount . 800 IN ten years.
These shares participate in the prohts OF the
endowment fund. aud out OF the prOnts Oh the
fund. after providing tor the above guaranty
a dividend of e per cent. IS paid per annum
upon each share at so.
ItFor example: 10 il estimated that tho holder
of 100 shares will have received. at the ma
turty Of the shares, the following prohts IL
ten years:
semi-annual dividends for ten years.
rs per CEN. per annuml ...-.. -.-.....s 1900 o.
Par value OF l0J shares at end OF zen
-O'0'O W.
Total amount received by certificate
Cost G' Of 100 paid-up endowment shares 1000 O.
Profit to certificate holder..........s 200. %
Being over 10 per cent. per annum on the IN
yestment
All of these shares may be converted into
cash at the option oil the holder after two
wears. and any holder dying. his executors
shall have the power to convert the shares
into cash.
The company guarantees TO pay for each
surrendered share so. with interest at the
rate OF per cent. per annum. TINS interest
is in addition 10 the seml-annual dividends
which have been already PAID.
These shares are secured by first mortgages
on improved real estate, and no loan IS made
for more than 30 per cent OF the assessed value
OF the property In all of the principal cities
and towns a board Is created advising the
main Office as TO the value and repute OF all
the property covered.
The entire system. under the supervision
and control of this company. has now become
thoroughly established IN the minds or the
people.
The company is excessively conservative
placing its loans always IN the most reliable
and advantageous manner and collecting rs
monthly revenues regularly. thus having th'
opportunity OF compoundlns the interest
which they receive.
The endowment fund is an excellent plan
and its large and caretully-sslected bushes:
IS daily growing
For safe. solid and sound Investment the
endowment fund oilers no sing bad feature
but on the contrary - so popular that each
month the company Is compe led 70 reIus'
applicants for loans. as their funds are IRIS
| sk.l.iully and conseryatiyely placed.
The company Is under the laws ~ Virginia
relating 10 insurance. and ls m every mannel
worthy Of the warmest encouragement.