Maryland independent. [volume] (Port Tobacco, Md.) 1874-current, 1898-06-10
TVHE STATE MUTUAL LIFE
u ASSURANCE COMPANY
OF
W0RCES TER. MASSACHUSETTS,
Was organized in ls45 under Perpetual
Charter from this Commonwealth,
granted 10 1874.

II
|
1T INVITES
The attention of those intending 10 insure, I
| the following
FACTS:
No Massachusetts, Life lnsurane
Company ever failed This Compen
has never suffered any reverses.
Management.
Its management is conservative and en-
ergetic.
Cash.
3 1t conducts its business on a strictly cAsi
basis. Both premiums and policies are PAL
able in cash.
Economy.
4 Ii adheres to the strictest ECONOMY. ISe
Massachusetts, Insurance Commissioner
Reports
Risks
5 1t never Intentionally insures an impaired
life.
Death Rate.
6 1t has experienced death rate below the
average in American companies;-25 per cent
less than the tabular rate
Investments.
Its investments are all legally, proitably
and safely made.
Interest.
8 The INTEREST realized on lis invested
tands paid all its death claims for 40 years.
Policy
8 The policy is free from all unnecessary
conditions and restrictions It is a simple
contract promising so much insurance for so
many premiums, and is absolutely incontes-
table after two years.
Non-Forfeiture.
Cash Values: Paid Up Values:
10 ALL ITS POLICIES ARE PROTECTED PROM
F3ReEITURE BY a statute of the State.
The cash value Of every policy, for every
year, after the first from its Issue 10 its ma
turity, is fired By the kdrs ofMe Common
toeatth. lfs policy lapses TOR non-payment Of
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 in cash at once,
or in paid up insurance to be received by the
policy holder ut the time stipulated in the
original contract
These Values are endorsed upon the
Policy.
Examples.
A fifteen-payment life policy, issued at 80,
for Sic, 900, annual premium, $372.00O. After
hve premiums have been paid, the cash surren-
der vdtue, as fixed by the law of Massachusetts
is Sl,0l5.5o. The paid up Uaiue, So, $4,000.
A twenty-payment life policy, age 30 for
$40 900, annual premium $3l4.0O0. After
ten premiums have been paid, the cash suryen-
der Uaiue IS 81, s02 60. The paid up vdlae,
"a. 1870 90.
A fortY.year endowment, age 80, for SlO,-
900 annual premium S259.00 After ten pre-
miums have been paid The edsh surrender
vatui IS &l,232 90. The paid up uafue, S2,
929 90. After twenty-five premiums have
been paid, The cash surrender palus is 81, BEL
40. The paid up ralue S., $4,000.
The life insurance com panies of other
states are not subject to this law, even
in their Massachusetts, business.
Mutuul.
II The policy holders constitute the Com
pany, own its assets, and by Ulcers of their
OWN choice, manage its affairs.
Assets and Liabilities,
IL Market value of assets Jan 1, 1895,
exceeds their cost by IS 74.994 90
The insurance in force is 65,077, 132 90
The assets are 3,455, $50 80
The Liabilities, 12,I56, $500
Cost OF Insurance reduced to
minimum.
l3 This is secured by inexpensive manage
ment, safe and profitable investments, the Sc
lection of the best risks. and the paw
ment of legally defined cash values
Surplus.
IA According to the rigid flour per cent
standard of Massachusetts, IT holds
81, lo7 for every 5: 900 of liability.
Dividends.
Is On the payment of the second and Of
every subsequent annual premium 1t makes
DIVIDEND OF SURPLUS TO every policy holder
the psrt he 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 divi-
dends.
Kinds of Policies.
l6 1t issues life policies, and term
policies, pGy able only at death; and en-
dOwment policies, payable after desig-
mated term ofyears, or at death if prior to the
end of such term.
Payment of Premiums.
II 1t gives the holder of q policy the option
of paying for it, BY 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 a mans life Is
$50, 600; the smallest on any life, ST 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. 1t
avoids litigation. 1t pays policy as readily,
as promptly. and as cbeerfully, when it is due
as it receives the premiums on the same when
they are due
Legal Rights of "a Beneficiary.
20 When beneficiary other than the in
sured is named in policy effected by an
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 Of q Company.
81 One desiring insurance should take 8
policy in company whose history furnishe:
proof that the policy holder will be treated
fairly, his investments be safe, the payment O
his policy at maturity be certain, and full
equivalent be guaranteed by law, in case O
lapse, for every dollar he pays These adyan.
tages are secured to every policy holder in thu
STATE MUTUAL
Interest of the Members and of the
Managers Identical.
% This Company opens to the public its
record Of FIFTY-F0UR YEARS aud invites
attention to its present condition. 1t has no.
thing to conceal. The insured and managers
have never had separate o. diverse interests
Both ha re sought tho same end--the most in.
suranee at the smallest cost compatible with
the safety Of the Investment and the security