The independent., 1903-10-08
Dyw John Samuels Paid = 5000
MOrt1a9e.

mortgage.
John Samuels lives In Brown coun.
ty. Kansas. He is z farmer thirty i've
years cs ase. 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 a mort
gage back for four thousand. But Il
was well-improved 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 il
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.
He realized at this rate he will be
very old man before the farm will be
free from debt. If he dies the home
viii be sold; perhaps at time when
it may bring little, il any. more than
the mortgage. The savings of a life
time will be lost and the wife and chill
dren will suffer.
One day stranger appeared and
asked permission to explain life in
surance. Mr.. Samuels listened intent-
~, conceded 1t was just what he need
ed. that he would like a policy, if he
could pay for it, but he owed three
thousand dollars on his farm, and it
was all he could do to pay the interest
and hundred dollars year on the
principal AS the premium on a poll
icy at his age would be $102.6O, he did
not see how he could carry it.
Suppose said the agent. "the per-
son who holds this mortgage on the
farm should say to you: If you con-
tinue to pay the interest as before, but
instead of paying one hundred dollars
year on the principal, pay me $1O2.60
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 q three thou
sand dollar policy In the Old Line
Bankers Life Insurance Company OF
Nebraska, which at your age, thirty
five, will cost $102.6O each year for
twenty years. If 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 $21045. You
have paid out s2.052.OO, and have left
S210.45, thus paying a debt of three
thousand dollars with $1,84I55, or
sixty-twO cents on the dollar, having
meanwhile a guarantee that, should
you die, the debt is cancelled"
FOr more lndn d century, IarmS ana
homes have been paid for in this man
ner. by policies in Old Line Insurance
Companies. Permit our agent to ex-
plain the details more fully. If you
want more land. ask for Circular No.
-"How Jones Bought and Paid for a
$4,000 Farm" If you are a renter, or
just starting in business, or working
for a salary, ask for Circular No. 8.
showing how, without security cn your
part, you may buy bond on twenty
years time, guaranteeing to your fam
lily home, If you die, and to your
self home if you live
For further information address the
OLD LINE BANKERS LIFE TNSUR-
ANCE COMPANY of Lincoln, Ne
braska.