The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1893-11-16
OFFICE OF
THE PRUDENTIAL INSURANCE co,
OF AMERICA.
INDUSTRIAL BRANCH.
Newark. N. j., November 1st, 1893.
TO THE FIELD STAFF:

Theh hard times of the patt few months have expressed heavily upon very kind
OF business and upon people every calling and condition of life
Nwondb@ strange if amongH the eny two millions of policy hohes in The Prmnialm many
we're not mmbe to continue thep payment of premiums
Regular Industrial" policies issued prior to January 1t 1892 had no provision fora pidup
pomy in eent ota failure to pay premiums Such policies issued ancet that date d. so provide
The prent financial and commercial shnngenyhm have ausedt The management the Company
unable 70 continue the payment OF premium under plan aones safe to the Company and liberal
tem insured? '
After careful reflection it has been deadedh make to those whoap policies bue lameds since
June bL last a consequence ofh hardh times the following concessions:
l. IF the policy has been IN force as a. "admt pottcyo for fe gears n more
al ne me premiums ceased to b paid a poSd-up policy udU be granted in ac
|"shea OF M b0ce OF" regular industrial" policies mow ISSUED By the Company
2 In lea Of the foregoing, poncyhoders uho haze paid penemps5 for onefuu
N more at the time of lapse, a. oke ot a neU policy at III pr@enta e
and the same wWb be put IN full Immediate benefit
B.. Proofs of death mag bel filled ou n submitted in tn amzw au IN W. case
OF death happening between June 1t last, NJ Nouem6er 9th, 1898, If policy as
been dnforceforfce gears or more n the life of the insured md has been Iapsed
@yy repet esoept' o1h regard TO tn policy being 1apsedf for tn cause aforesaid
Inhntle and other policies to which the provision br pidup policy is not applicable, will be
treated under the rus ofdhe Company on basis consistent Herewith
No medical examination vii be required of thoew who's avail themselves of Concession l. nor of
years
Thoaw who have not paid premiums fol five years or more cannot take Concession Q without
passing satisfactory medical ammahonm under the usual rule of the Company
Persons honsed, who wish to receive the heefto offered by either dthe foregoing CONCESSIONS
on policies ap@d between June lt $685. and November 6h $685. must make application he
same before Januay1 t 1894
AS the hard hmesw en not ktbebneJ June 1t last neither of the foregoing oonomdonsw will
extend top policies aped pmr to that late, but as the business depression to some extent still
continues the abwea ncesionsw will be continued so long as here may seem to the management
ODE sufficient reason therefor
Persons desiring totke advantage ftef foregoing while these concessions are continued, ON
policies tatm be aped subsequent to November 6l $685. must mae applications for the sans
within eight weeks hom the date of eautin payment of premium Applications for benefits under
these conosaonsa re to be made on forms provided by the Company and fled at the Home Office
accompanied by thee original policy by thei mea boes specified for the purpose
IBb eMwdh that the frgdngis unprecedented in pdntd ibeaty i the historic finguapce
and certainly in the hidoyo industrial insurance
We arr, confident hiatt this actor on hep part ofhe Compay will be fully appreciated both by
the field staff and thee ompanys large constituency
I remain