The independent. [volume] (Lincoln, Neb.) 1902-1907, 1903-11-05
low John Samucls Paid 5000
Mortgage

ivAoA bSuSO.
John Samues lives in Brown coun-
ty. Kansas. He is a farmer thirty-aye
years of age. He came to Kansas from
the East in 81, bringing young wife,
two children, and some money. The
money he invested in 100 acres of land.
He paid good price-six thousand dol
lars, two thousand down and mort
gage back for four thousand. But it
was a well-improvcd farm and
worth it.
There have been fat and lean years
In Kansas, and in 1902 John Samuels
still owed three thousand dollars on
his place. He had reduced the debt
one thousand dollars, an average OF
one hundred dollars per year, and kept
the interest paid up. His expenses in
creased with the growth of his family
His wife's health was not SO good of
late, and he paid an occasional doc
tors bill. Some Improvements and
extensions must be made on the farm
buildings. He would be fortunate II
he could make these additional neces-
sary expenditures, keep his interest
paid up and continue applying one
hundred dollars per year on the mort
gage.
de realized at this rate he will be a
very old man before the farm will be
free from debt Ii he dies the home
will be sold; perhaps at a time when
1t may bring little, if any, more than
the mortgage. The savings Of life
time will be lost and the wife and chill
dreh will suffer.
One day stranger appeared and
asked permission to explain life in
surance. Mr.. Samuels listened intent
iy, conceded it was just what he need
ed, that he would like a policy il he
could pay for it, but he owed three
thousand dollars on his farm, and 1t
was all he could do to pay the interest
and hundred dollars year on the
principal. AS the premium on a pol
icy at his age would be $1,000, he did
not see how he could carry it.
Suppose" said the agent. "the per-
son who holds this mortgage on tn
farm should say to you: If you coz
tinue to pay the interest as before, but
instead of paying one hundred dollars
year on the principal, pay me $102.6o
per year, will, if you die, cancel the
mortgage, giving your wife the farm
II you live twenty years, | will release
the mortgage, giving the farm to you.
You surely would accept such propo
sition. Now, Mr. Samuels, continue
paying the interest, but instead Of
paying one hundred dollars per year
on the principal, take a three thou
sand dollar policy in the Old Line
Bankers Life Insurance Company OF
Nebraska. which at your age, thirty
five, will cost $10260 each year for
twenty years. Ii you die, your life in
surance will pay the loan and leave
your home free of debt. If you live
twenty years, your cash settlement,
consisting of the guaranteed reserve
and estimated surplus will pay the
mortgage and leave you s210.45. You
have paid out s2.052 90 and have left
s2io.45. thus paying debt of three
thousand dollars with s1.S4l.b5, or
sixty-two cents on the dollar, having
meanwhile a guarantee that. should
you die. the debt liz cancelled"
For more than century, farms and
homes have been paid for in this man.
ner. by policies in Old Line Insurance
Companies. Permit our agent tu *.
plain the details more fully. III you
want more land. ask for Circular No. |
How Jones Bought and Paid for a
$4,000 Farm" III you are a renter. or
Just starting In business. or working
for a salary. ask for Circular No. 3,
showing how. without security IN your
part. you may buy bond on twenty
years time. guaranteeing 10 your fam.
lily home. II you die, aud to your
self homo n yon live
For further Information address tho
OIL u ilHE BANKERS LIFE lNsuR. /.
ANcE COMPANY Of LlneolnA Ne
traAka.