Maryland independent. [volume] (Port Tobacco, Md.) 1874-current, 1898-09-23
TvHE STATE MUTUAL LIFE
- ASSURANCE COMPANY
OF
W0RCES TER, MASSACHUSETTS,
Was organized il ls45 under a Perpetual
Charter from this Commonwealth,
granted ia 1874.

Charter from this Commonwealth,
granted in 1914.
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.
It's management is conservative and en-
ergetic.
4. It conducts ito business on strictly Cash
basis. Both premiums and polices are pay
able In cash
Economy.
4 II adheres 10 the strictesi ECONOMY. use
Massachusetts, Insurance Commissioner
Reports
BIT never Intentionally insares an impaired
life.
Death Rate
It has experienced death rate below the
average in American companies; 10 per cent.
less than the tabpiar rate
Investments.
It's investments are all legally, probably
and safely made.
Interest.
The INTEREST realized on lis invested
faads paid oil its death claims for 4s years
Policy.
9 The policy is free from all unnecessary
conditions and restrictions 1t is a simple
contract promising so much insurance for so
many premiums, and is absolutely inconies-
table after two years.
Eon-Forfeiture.
Cash Values; Paid Up Values
10 ALL ITS POLICIES ARB PROTECTED FROM
FORFEITURE By statute Of the State.
The cash value OF every policy, for every
year, after the FIRST FROM It's issue 10 It's ma
turity, Is fired BY he iascs Qfthe Common
wealth. lfa policy iapses tor non-psyment Of
premium, after tive 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 nj the time stipulated in the
original contract.
These Values are endorsed upon the
Policy.
Examples.
A htteen-payment life policy, issued al 80,
for $40 900, annual premium, $372.O00. After
five premiums have been paid, the cash sarreR-
der Vaigs, rs fixed by the Law Of Massachusetts
is Sl,0l5.50. The paid Up paiue, 81, 10000.
A twenty-payment life policy, age 30 for
$4,000, annual premium S3l4.000. After
ten premiums have been paid, he cash surren-
der pdlue is 81, SO2 so. The paid aP palne,
81, 1870 90.
> fortY-year endowment age 80, for Sl0,-
900 annual premium $3.50 co. After ten pre-
miums have been paid, he cash surrender
ualus Is 81. 232 90. The paid ~ Dalue, 81,
929 90. After twenty-five premiums have
been paid, the cash surrender palus is 81, 36l.-
40. The paid Up taiae $4,000.
The life insurance com panies of other
states are not subject to this law, even
in their Massachusetts, business
Mutuul.
IL The policy holders constitute the Com
pany, own its assets, and by Ulcers Of their
own choice, manage its affairs.
Assets and Liabilities,
12 Market value Of assets Jan l. Is0s,
exceeds their eostby IS 3z4,9yi. 90
The insurance in force is 65,ezz l3s, 90
The assets are I3,455.690 81
/ The liabilities, 12.156, $50 90
The surplus, Mass Standard 1.29s,593,32
Cost of Insurance reduced to a
minimum.
10 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, II holds
81, 1917 for every 5000 of liability.
Dividend.
10 On the payment Of the second and Of
every subsequent snnnSl premium 1t makes a
DIVIDEND or sURPLus-io every policy holder
the part he has himself contributed. The
dividends may be applied at the option Of tht
insured either to reduce the annual premium
or to purchase additional insurance PAN
UP POLICIES share in the annual divi
bends
Kinds of Policies.
| l6 1t issues life policies, and tern
policies, payable only at death; aud en-
i dowment policies, payable after desig
mated term ofyears, or at death II prior to tn
end Of such term.
| Tdymtht u FN0WluHls-
II II gives the holder of policy TIE option
Of paying for it:-(lD By single payment o.
az By equal annual payments, either for
term Of years or for life.
Limits Of Risk
IS The largest risk taken on mans life j
$50, 900; the smallest on any life, 81, 900
Women ale insured for limited amount up
on the same terms as men The neares
birthday Of the applicant determines the rat
Of premium The first dividend is avaiabl
when the second premium is paid.
Death Claims
This Company pays death claims as soon a
proofs Of death are received and approved; a
endowment on the day the term expires
avoids litigation. 1t pays policy as readily
as promptly, and as cheerfully, when II is du
as it receives the premiums on the same whe
they are due
Legal Rights of a Beneficiary.
. 20 When beneficiary other than the il
!, sured is named in a policy effected by an
person on bis own life or on the life of anoihs
such beneficiary having an insurabie interel
in the insured life is entitled to the represeI
tatives Of the person effecting the same.
, Choice ola Company