Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1893-08-05

erallties.' Two things which Presiden
Mccall has already done, with respect te
policy contracts and their Interpretation
would make any administration memora
bic. The first is the repeal of the hard
and-fast rule respecting the acceptance Of
overdue premiums on impaired risks; the
second is the sweeping away of all re.
strictions upon the insured, and the in
cluslon of additional guarantees in the
contract--in the company's new "Accum-
ulation Policy"
There are thousands who may not know
what the accumulation policy is, but it is
worth eyeryone's while to enquire. In the
first place it is what no other company
gives. 1t is as full of sterling qualities
as an egg is of meat. .....
1t is a policy void of technicalities,
void of restrictions. No dying to win.
Remember that should you die before
your policy terminates, there will be no
contest, no lawyers fees and no collection
fees. Nothing but an absolute payment
of the face of your policy, and If you
wished it, the entire premiums paid for
the insurance while you were living will
be returned with the face of your policy
when you die. We heard a man express
himself once, when he was asked why he
carried 100000 insurance. SWELL" he
said, "if live until am IS years old get
it back; consequently, will be very COM
Portable, and if l die before that I leave
my family independent. Thus you see |
am relieved from all anxiety as to the
future"
The New York Life Insurance com
pany's Accumulation Policy does even
more than this for you. It gives you the
privilege of borrowing eastern capital at
a very low rate of interest, and this, to a
western man, is boon indeed The "ex-
tension feature" means that it is almost
absolutely impossible to forfeit your
policy.
The 1st day of January, 1898, showed
that this great company issued 66,259
policies for the past year, meaning $173,-
9O5,07O Of insurance. What wonderful
record this. The report shows that the
company's increase exceeded $GO,OOO,OO0.
To properly appreciate the magnitude
and solidity of this business, we must re-
member that it took just twenty days
from the close of the business to receive
lTOIl uu0 SUPERINTENDENT u lHoutulCO Il
certificate of its surplus.
The books were closed on December 81
and none of the business done in January
and February, 1898, was added to swell
the magnificent totals. Had the New
York Life adopted the methods of some
of its competitors its income would have
been at least four millions and its ex-
penditures decreased accordingly. But
there are no fictitious entries necessary
to swell its magnificent totals.
The reason we consider the above state
ments of interest to all proposed or pres
emit jewellers in New Mexico, is that many
thousands of dollars are now being
loaned in this territory by this company
and more money will be advanced to its
policy holders as the policy holders dis
cover that they have in their possession
the means for securing eastern capital at
low interest.
All this country needs is money to
develop its grand resources. Many man
finds himself Obliged to take paid
up policy and discontinue his insurance
Other companies, however, may wake up
to the fact that if he has been fortunate
enough to have secured policy in the
the New York Life Insurance company
it is n-forfeitable and enables him to
bridge over depressed times, enables him
to pay his premium and insures him
against loss while living and protecting
his family or estate in case of death, even
if it becomes necessary for him to secure
cash from the company to use as an in
vestment.
If all the policy holders in New Mexico
could borrow, say, so per cent of the in.
surance they carry just at the present
time, New Mexico would blossom as the
rose. Thousands of people are com
planning of hard times, or can see OPP
portunities for investing in the most
profitable lands in the union to-day, but
cannot avail themselves of this great op'
portunity. Had they ready cash they
could secure their future welfare. II
they insured in the New York Life Insur
ance company the opportunity would be
theirs. All such loans can be protected
by mortuary dividend, SO, should mar
die Immediately after making loan OIL
before it was convenient to pay it off, nc
deduction would be made from the face
+; of policy for such loan. We know of nc
other company that combines all these
advantages of the great company.
For further information as to the 40
cummulation policy write to Ralph Hal
loran, general agent, New York Life In
surance company, Albuquerque, New