The independent. [volume] (Lincoln, Neb.) 1902-1907, 1904-04-28
LIFE INSURANCE FOR FARMERS


sand Dollar Mortgage
John Samuels lives in Brown coun-
ty, Kansas. He is a farmer thirty
five 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 $50 acres of
land. He paid good price-six thou
sand dollars, two thousand down and
a mortgage back for four thousand.
But it was well-improved farm and
worth it.
There have been fat years 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 av-
erage of one hundred dollars per year,
and kept the interest paid up. His
expenses increased with the growth
of his family. His wife's health was
not SO good of late, and he paid an
occasional doctors bill. Some inn
prOvements and extensions must be
made on the farm buildings. He would
be fortunate if he could make these
additional necessary expenditures,
keep his interest paid up and con-
tinue applying one hundred dollars
per year on the mortgage.
He realizes at this rate he will be a
very old man before the farm will be
free from debt. If he dies the home
will be sold; perhaps at a time when
it~may bring little, if any, more than
the mortgage. The savings OF a life
time will be lost and the wife and chill
dren will suffer.
One day a stranger appeared and
asked permission, to explain life In
surance. Mr.. Samuels listened intent
ly, conceded it was just what he need
ed. that he would like 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 inter-
est and hundred dollars year on
the principal. AS the premium on
policy 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: Ii you con-
tinue to pay the interest as before,
but instead of paying one hundred
dollars a year on the principal, pay
me s1o2.60 per year. will, If you
die, cancel the mortgage, giving your
wife the farm. If you live twenty
years, l will release the mortgage, CIV
ing the farm to YOU You surely would |
accept such proposition. Now, Mr..
Samuels, continue paying the inter-
est, but instead Of paying one hum
dred dollars per year on the principal,
take three thousand dollar policy
in the Old Line Bankers Life Insur-
ance Company of Nebraska, which at
your age, thirty-five, will cost $l02.6O
each year for twenty years. If you
die, your life insurance will pay the
loan and leave our hons free of debt.
If you live twenty years, your cash
settlement, consisting of the guaran-
teed reserve and estimated surplus.
will pay the mortgage and leave you
$210.45. You have paid out s2,052, and
after paying the mortgage have left
$2l0.45, thus paying debt of three
dollars with $l.Si1.55. or
sixty-two cents on the dollar, having
guarantee that, should
you die the debt Is cancelled"
For more than a century. farms
and homes have been paid for In this
by policies In Old Line In.
suranco Companies. Permit our agent
TO explain the details more fully. II
you want moro land. ask for Circular
No. i-''tIow Jones Bought and Paid