The herald., 1898-05-22


that you are not very strong yourself"
A leading New York paper thus sums up
the inducements and privileges offered by
the large life insurance companies who
hold, or expect to hold, policies on the
lives of soldiers engaged or to be engaged
in the war:
Nearly all the life insurance companies
have announced that In existing policies
war restrictions would be removed, but in
relation to policies hereafter to be issued
to men who engage in the war very little
has been done. The New York Life how
ever, announced to its agents on Wednes-
day that to any man who is not now a
member of any kind of military orgariza-
ton. or who has no present intention of
Joining one, the company is ready to grant
. conditionless accumulation policy. This
means that there is still chance for such
a man to get a perfectly free policy, all
though the company may have to take
that chance away any day, if the war as
sumes larger proportions. Any man who
Is member or b military organization can
today get policy that is perfectly free
and Condolences SO far as service in the
war is concerned, so long as such service
does not take him outside of the United
States or into the navy. If he Is called
upon to enter the navy or called upon to
sail to Cuba he must al that time send to
the company one single extra cash pre-
mium equal to five per cent of the
face of his insurance. He will not be
called on for another extra premium,
whether he goes to Cuba or the navy. be-
.ause the policy becomes conditionless
again after one year, and if he remains
in camp for year and at the end is
called to Cuba he does not have to pay any
extra. because his policy is then one year
old, and If he has paid his second annual
premium his policy permits him to go into
the navy or to Cuba without the payment
Of an extra. 1t will be seen that these con-
ditions apply only to policies to be issued
in the future-all policies issued prior to
April q have no restrictions or extra pre-
miums attaching to them whatever.
The Penn Mutual Life, of Philadel-
phia, has, through its board of trus-
tees, adopted a resolution providing that
''all members holding policies dated April
25, 1898, or prior, are privileged to their in
surance and without the payment of any
extra premium therefor"
The Equitable will not make an extra
charge for National guardsmen already
insured who are called into active service
unless they should be called out of the
United States. In that event the charges
will be adjusted after hostilities are over,
and will be based upon the experience of
the company during the war.
The Mutual Life is issuing to its policy
holders who are National guardsmen per-
mits devoid of all restrictions, but the
company, 1t is said, reserves the right in
the case Of actual war to charge an extra
premium to be adjusted afterward in ac-
cordance with the company's experience
in relation to such risks.
The Provident Life Assurance society
has taken liberal position upon the ques-
ton Of premium rates and conditions In
event of war. 1t will not increase it's
rates nor impose extra restrictions upon
members of the state or federal military
organizations who are policy holders now,
or who may have been policy holders at the
time war was declared