Maryland independent. [volume] (Port Tobacco, Md.) 1874-current, 1898-08-19
TvHE STATE MUTUAL LIPE
u ASSURANCE COMPANY
OF
WORCES FER. MASSACHUSETTS,

- ASoOhANCE tUMfANl
OF
WORCES FER. MASSACHUSEr IT'S,
Yves organized in ls4s usdsr Perpetual
8 Charter from this Commonwealth,
granted il ls44.
- 1T INVITES
The attention Of those intending to insure, to
the following
FACTS:
No Massachusetts Life Insurance
Company ever failed This Company
has never suffered any reverses
Management
2 lie management is conservative and en-
erge,ie.
Cash.
B Il eondaets its business on a strictly CASH
basis. Both premiums and policies are pay
able 10 cash.
Economy.
Il adheres to the strictesi ECONOMY See
Massachusetts, Insurance Commissioner .
Reports
Il never Intentionally insures an impaired
life.
Death Rate
6 1t has experienced a death rate below the
average in American companies;-25 pet cent.
ess than the tabalar rate
Investments.
Its investments are all legally, pro6tably
and safely made.
Interest.
The INTEREST realized on lis invested
funds paid all its death claims for 40 years.
Policy.
The policy is free from all unnecessary
conditions and restrictions. 1t Is a simple
contract promising so much insurance for 90
many premiums, and is absolutely incontes-
table after two years.
Non-Forfeiture.
Cash Values; Paid Up Values:
10 ALL ITS POLICIES ARE PROTECTED FR0M
FORFEITURE BY a statute Of the State.
The cash value Of every policy, for every
year, after the first from its issue TO its ma
turity, Is fred By he lars Of iAe Common
0satA. ia policy lapses Tor non-payment Of
spremium, after tso have been paid, the law
without requiring the Injured TO take
any action or TO give any notice, fixes
ia values az the tine Of the lapse, and secures
or in pad up iHsErdRes to be received by the
policy holder at the time stipulated ia the
original contract.
fhese Values are endorsed upon the
Policy.
Examples.
A fifteen payment life policy, issued at 30,
for SIC, 900. annual premium, 1912. 900. After
live premiums have been paid, The cash surreR-
der pai9e, as fixed by the law Of Massachusetts,
is sl,Ola.5O. The paid " uaias, 50. $50 90.
A twenty-Payment life policy, age 80 for
$4,000, annual premium S3l4 600. After
ten premiums have been paid, the edsh surren-
der vaiHe is 81, s02 60 The paid up vallie,
81, 10000.
iortY-year endowment, age 80, for SIO,-
900 annual premium S259. 90. After ten pre-
miums have been paid, he cdsh surrendey
pdfgs IS 81, 232 90. The paid up vGlus, 81,
929 90. After twenty-five premiums have
been paid, the cash surrender Value is 81, 36I.-
40. The PAID up rdlae s., $4,000.
The life insurance com panies Of other
states are not subject to this law, even
in their Massachusetts, business
Mutual
psny, own its assets, and BY Ulcers of their
own choice, manage lie affairs.
Assets and Liabilities,
IL Market value Of assets Jan 4. 1893,
exceeds their cost by --S 3T4, 994 90
The insurance I'm force Ia 65,957 .I32 90
The assets are 13,455 ,690. 81
rhs Liabilities, false, 5000
Cost OF Insurance reduced to q
M N M m I'M
Is This Is secured by inexpensive manage
ment, safe and profitable investments, the Sc
lection Of the best risks, and the pay
ment Of legally defined cash values.
Surplus.
IA According to the rigid -four per cent.
standard Of Massachusetts,, 1t holds
sl,l07 for every 5000 Of liability.
Dividend,
Is On the payment Of the second and Of
every subsequent annual premium It makes
DIVIDEND OF spRPLus-to every policy holder
the part be has himself contributed The
dividends may be applied at the option of the
insured either to reduce the annual premium
or to purchase additional insurance. PAID |
UP Policies share in the annual diyi-
dends.
Kinds of Policies.
10 II issues life policies, and term
policies, payable only at death; and en-
dOwment policies, payable after desig-
mated term ofyears or at death il prior to the
end Of such term.
Payment of Premiums
II II gives the holder of policy the option
Of paying for it'll By a single payment or
(2) By equal annual payments, either for
term Of years or for life.
Limits Of Risk
Is The largest risk taken on mans life ia
$50, 900, the smallest on any life, 81 900.
Women ale insured for limited amount up
on the same terms as men. The nearest
birthday Of the applicant determines the rate
Of premium The first dividend is available
when the second premium is paid.
Death Claims
This Company pays death claims as soon as
proofs Of death are received and approved; an
endowment on the day the term expires. II
avoids litigation. 1t pays policy as readily,
as promptly. and as cbeerfnlly, when il is due
as It receives the premiums on the same when
they are due
Legal Rights ola Beneficiary.
30 When beneficiary other than the in