Pine Bluff daily graphic., 1902-07-17
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The TfaEezefa RENTS f1st for pJafags
payment Of claims. as an Illustration
5t taizs the late John W. Sullivan
ltofmeflS of Pine Biaf1 held a TRAY.
elers life policy for $1,000 On Deeemz
Der /, 19415 he died at Newport, Ark,
on December 1S Mrs. Sullivan notified
the company of his death; ON Decem
her 233, Just ten days after, Mrs. Sullt-
van received a draft for the policy.
The Travellers issues all the stand
ard forms Of guaranteed policies, and
issues them for about 20 per cent less
premium than is charged by other
standard companies writing business
in Pine Bluff. The Travellers write q
fifteen payment policy for the same
rate as the mutual companies (such
as the New York Life, Mutual Life,
Equitable and Massachusetts,
charge for a mutual twenty
payment life policy, the saving
Of five full years premiums and
getting through paying premiums to
the company in fifteen years instead
Of twenty years means great deal TO
a policy holder.
The line of policies written by the
Travellers include ten, fifteen and
.Nenty premium policies, 5 per cent
gold bonds and endowment policies.
The endowment policies of the
Travellers operate iH the same Wy as
putting money in L savings bank, the
policy holder is insured all the time
he Is teFesitins premiums With the
company and in addition to the insar
ance, he receives interest on every
loliar be pays them.
.Supnosing q man is thirty years OF
ase and takes a tWeaty year $4,000
IN the Travellers. Il he dies before he
is fftH years old the company pays
his family $4,000 in cash, but if he
ives to be fifty years old he himself
draws the $4,000 in cash. Should be
pot want i al in cash the company
will pay him cash dividend el 8 s. y
so. and then at his death pay ls7
family $4,000. 1dEizli1le a total Of -.
320
All policies Of the Travellers are
written with the Latest non.forfeita2ie
features. and if On account Of inabil.
ity to pay premium the insured does
ret lose what he has already PAID tho
company. TO Illustrate this on the /
above twenty year endowment, should /
insured pay, say, ten q the premiums,
the company would loan him without
any security, except the policy, $3, TAO, I
or the company VIII keep him fnsur-
ed free for ten more years, when the |
company will return i'll cash to the in
sured $3,980, rnearly the entire pre- |
miums paid the frs. ten years in fact |
the net cost of the insurance under |
this option is less than $50 a yaar for |
the twenty years on a $4,000 endoW.
ment policy.
If, however, the insured pays all the |
twenty premiums and lives to be fifty |
years of age when he collects the |
policy he has had the benefit of twen-
ty years insurance for $4,000 at net
profit to himself of $65.38 year more
than his premium cost him.
A number of prominent business
men and bankers in Pine Bluff are
owners of this kind of policy in the
Travellers.
II you intend to take life insurance,
you should investigate the contracts
of the Travellers. The agents of the
will be glad to explain the
different kinds of insurance and quote
you the company's rates for the
amount and kind of insurance you
wish to carry.
The company writes policies for ST..
900 or more, the limit on one life is
$25, 900.
All the values given for Travellers
policies are guaranteed; no estimate
about it. Everything the Travellers
agrees to do is plainly stated in the
contract. MORAL: INSURE IN THE