Maryland independent. [volume] (Port Tobacco, Md.) 1874-current, 1898-05-27
FEvHE STATE MUTUAL LIFE
~ ASSURANCE COMPANY
OF
WORCES TER, MASSACHUSETTS
Was organized in lSit under Perpetual
Charter from this Commonwealth
granted ia 1874


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1T INVITES
The attention Of those intending to insure. t.
the following
FACTS:
1 No Massachusetts Life lnsurane,
Company ever failed This Company
has never suffered any reyerse5
Management.
It's Management is conservative and en-
ergetie.
Cash.
3 1t conducts its business on a strictly CASH
basis. Both premiums and policies are pay
able in cash
Economy.
1t adheres to the strictest ECONOMY rSee
Massachusetts, INSURANCE Commissioner
Reports
8 1t never Intentionally iusures an impaired
lie.
Death Rate
II has experienced a death rate below the
average in American companies; -25 per cent.
less than the tabular rate
Investments
Z Its investments are all legally, probably
and safely made
Interest,
The INTEREST realized on its invested
funds paid all its death claims for 40 years.
Policy.
0 The policy is free from all unnecessary
and restrictions. 1t is simple
contract promising SO much insurance for so
many premiums and is absolutely iucontes-
table after two years.
Non-Forfeiture.
Cash Values; Paid Up Values:
10 ALL IT'S POLICIES ARE PROTECTED FROM
FORFEITURE by a statute OF the State.
The cash value of every policy, for every
year, after the first from its issue 10 it's ma
turity, Is fired By tie lars efths Common
wealth. If policy lapses tor non-payment of
a premium, after two have been paid, the law
without requiring the Injured to take
any action or to give any notice. fixes
Its values at the tine Of the lapse, and secures
the same to the insured either ia cash at once
or in paid up insurance to be received by the
policy holder mt the time stipulated in the
original contract
Ihese Values are endorsed upon the
Policy.
Examples
A ifteen-payment fife policy, issued at 80,
TOR ol0r 600 annual premium, S372.000 After
i've premiums have been paid, the cash surren-
Ter Ualue, as fixed by the law Of Massachusetts
IS Sl,0l5.50 The paid up vaige, 50, $4,000.
A twenty-payment life policy, age 80 for
$40, 900, annual premium S3l4 600. After
Ten premiums have been paid, the cash sarren-
Ter galae is 81, 8O2 90. The paid up galue,
81, 10000.
a fortY.year endowment, nge 80, for $40
300 annual premium S259.00. After ten pre-
NUNS have been paid, the eas6 surrender
'qtas Is 81, 1872 90. The pqia up pqlae, 81,
)29 90. After twenty-five premiums have
1een paid, The cash Surrender 9alpe is 81, 36l.-
10. The paid up talue Sc, $4,000.
The life insurance com lanies of other
'tates are not subject to this law, even
u their Massachusetts, business.
MutuuI
II Tie policy holders constitute the Com
'auy, own its assets, and by ficers of their
'wn choice, manage its affairs.
Assets and Liabilities,
IL Market value ofassets Jan L. 1898,
exceeds their cost by : 374.991 90
4 mt insurance III EDfCG Is = bJ.SSa ,l'Ss..UD
The assets are Bass 500 80
The Liabilities, I2.I56. $50. OG
The surplus, Mass Standard Lees. 1888
Cost of Insurance reduced to
minimum,
10 This is secured by inexpensive manage
nent, safe and profitable investments, the Sc
ection of the best risks. and the pay
nent of legally defined cash values.
SURPLUS,
IA According to the rigid (tour per cent.
standard ot Massachusetts, 1t holds
81, lo7 for every 5000 of liability.
Dividends.
Is On the payment Of the second and Of
every subsequent annual premium 1t maize. a
DIVIDEND or suRPLcs-lo every policy holder
the part lie hiss 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 diti-
lends.
Kinds Of Policies,
l6 1t issues life policies, and term
policies. ps, able only at death; and en-
iowment policies. payable after des--
lated term OF years, or at death ifpriog to the
md of such term.
Payment of Premiums
II 1t gives the holder Of policy the option
# paying for it'll By single payment or
q BS equal annual payments, either Tor
ERIN Of ears or for life.
Limits of Risk.
Is The largest risk taken on mans life il
$50, 900; the smallest on any life, 81, 900.
" omen ale insured for Il limited amount up
n the same terms as men. The nearest
birthday of the applicant determines the rate
# premium The first dividend is available
ghen 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. 1t
Lvoids litigation. 1t pays policy as readily,
IS promptly, and as cheerfally, when tits due
IS it receives the premiums on the same when
hey are due
Legal Rights of a Beneficiary.
20 When a beneficiary other than the in
Iured is named in policy effected by any
person on his own life or on the life of another
such beneficiary having an insurabie interest
in the insured life is entitled to the represen-
tatives Of the person effecting the same,
Choice ola Company.
81 One desiring insurance should take q
policy in company whose history furnishes
proof that the policy holder will be treated
fairly, his investments be safe, the payment of