The independent. [volume] (Lincoln, Neb.) 1902-1907, 1904-05-05
LIFE INSURANCE As AN lNvEs1-
MENT FOR FARMERS


The history Of Jones will show no"
= person who owns eighty or more
acres of land may double it. Also
how the rent saved by the purchase OF
i piece of land will almost pay for Il.
Il you do not own as much land as
Ivou care to farm and are paying rent,
By the yearly addition OF small
amount to the rent you now pay you
can buy the land as Jones did.
Mr.. Jones owned a hundred ana
sixty acres of land and rented an ad-
Joining quarter, paying three dollars
Der acre therefor, or $3.50 per year
cash rent. For years it was the hope
81 Mr.. and Mrs. Jones to buy this land,
that when their boys (aged ten ana
twelve years. grew to manhood y
would be unnecessary for them to
leave the old homestead. Many were
HE plans suggested and the ways de-
yised to secure this coveted quarter.
hut as the owner of the land wanted
$4,000 for it, Mr.. Jones could not see
bis way clear to buy It.
He reasoned that should he mort
gage both farms in order to secure
the payment of the purchase price Ok
one. and die, his family might lose
the farm they already owned AS
the interest on the loan ($6,OOO) at 8
per cent would be $3.50 per year, with
ia 1920 of the rent he was paying, he
concluded to defer the purchase until
his boys could be Of more assistance.
One day Mr. Clark, owner OF the
land. informed Mr.. Jones it was his
Intention to sell the farm and did
not care to renew the lease, which
would expire March I, 1902. Jones,
\ having farmed it for three years,
would, If he cared to buy for $4,000,
be given the first chance; If net, an
other party would take it. While Mr..
Jones was in doubt and hesitating, ne
received call from representative
Of the Old Line Bankers Life Insur-
ance Company of Nebraska, who can
vassed him for a contract OF life in
surance. Mr.. Jones Informed the
agent Of his desire to buy the adjoin-
Inc quarter section of land, and
thought he could not well invest in
insurance at present.
Upon learning that Jones had been
paying So per acre, or $3.50 per year
rent. the agent, finding Mr.. Jones
age to be thirsy-three, asked him il
he would be willing TO pay about
$3.50 per acre for twenty years should
the landlord give him bond, deciding
him the land at the end of that time
should he live, or to his family shoult
he die at any time after the first pay
ment had been made, cancelling al
further payments.
Of course, Mr.. Jones said he woul;
be glad to enter into contract 0
that kind. WELL" said the agent
ssyou buy the land for $4,000. The in
terest on the purchase price at pc
cent will be $3.50 per year. Then bu
$4,000 life insurance of the Old Lin
Bankers Life Insurance Company Z
Nebraska. which at your age will cos
$3.50 per thousand, per year, maxim
The total payments for interest an
premiums for twenty years $3.50
per year or s3i6 per acre.
"Should you die within that tim
the lIfe insurance policy will canc
the loan. Should you live twent
years and never pay a cent on n
principal OF your mortgage. the cas-
]. value OF your policy. consisting
the guaranteed reserve and estimate
surplus. will be s6,ioa.A. This wi
nay OF the loan and leave si09.it
the good. Now. Mr. Jones. you ~