The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1905-03-07
UNEXPECTED LEGACY
RECEIVED By FAMILY
Of JESSE \. MELTON
Payment Made Friday on Insurance
Policy Supposed TO Have
Expired Long Ago.
LAST PREMIUM PAID 1892

Payment of a $4,000 insurance
policy on the life of Jesse III. Melton,
whose death occurred February s,
al the family residence. 512 Pennsyl-
vania avenue, was made Friday after
noon to Mrs. Melton, although no
payments had been made on the pol
icy for over twelve years.
J. y. Dyer OF Craycroft Brothers
e. Dyer of Dallas, state agents for
the Mutual Benefit Life Insurance
Company, by whom the policy was
issued, made the payment in person.
In speaking of the matter this
morning Mr.. Dyer said: Jesse II.
Melton took out a policy for $4,000
in our company in 1889. Payments
were made on this policy up to and
including 1892. AT that time, how
ever, all payments ceased and no
further records appeared upon our
books Learning OF his death through
the papers, / at once communicated
with the home office, asking for the
status of the policy and received a
telegraphic reply than an investiga-
ton showed the policy to be in force
under the automatic extension clause
until January. 1906. This informa-
ton ! gladly conveyed TO the be-
Feavpa family. vi no we're totally IN
aware that any sum was due them,
and yesterday ! was able to pre-
sent a check for the full amount of
the policy.
The automatic extension clause
Is one of three options offered under
its policies when payments cease, af-
ter TWO annual premiums have been
paid One Is the cash or loan value:
another paid up insurance, and still
another, the automatic extension.
This is truly automatic in that 1t
becomes effective to the benefit Of
the holder without action upon his
part, as it was in the case OF the
policy on Mr. Melton's life Al
though no action was taken by him
when payments ceased, the extern
sion went into force automatically,
giving him protection for a period
OF fourteen years.
The Mutual Benefit Life Insur-
ance Company Of Newark, y. j., dur
ing its life Of sixty years, has always
born the reputation Of being strictly
a policy holders company, as the
case OF Mr. Melton gives further
proof.
Mrs, Melton ia q letter 10 Messrs.
Cravcroft Il Dyer, acknowledging the
receipt of the check for So, 900, de-
olares she was without knowledge of
the money being due her and COM
meats favorable upon the treatment
she has received.
The 1af4ar Sc "a Fn41nrro-
Fort Worth, Tex, Feb. "a, 1905.
Messrs. Crayeroft Bros Il Dyer. state
Agents Mutual Benefit Insurance
Company, Dallas Texas
GentIemen-This is TO acknowl-
edge receipt Of the company's check
for So GEO in payment OF claims I'M
der policy No 152. l69 in the Mutual
Benefit Life Insurance Company of
Newark, n j., on the life of Jesse
II. Melton, my deceased husband
and | am sincerely grateful 10 YOU
for the prompt action given this
matter This, 10 NE, is certainly
without an equal, as | was not aware
that such a policy was In force.
would have found il out in a few
days. but before We had time to make
an investigation member Of your
firm was promptly on the ground
with the document. which relieved
me of the details of looking after
settlement of the claim. without hav-
ing the matter brought to your at
tention by me.
The interesting feature OF this
policy is the fact that no premium
had been paid for something like
twelve or thirteen years, and yet
the same was in force for its face.
This certainly demonstrates that the
name Mutual Benefit" is truly a
deserving name for an institution
with such liberal policies, and such
prompt and fair dealings.
Assuring you ~ my appreciation
OF this liberal and fair dealing, and
81 your prumpt attention To the mat
ter OF making a settlement, and trust
ing that your valuable company may
continue so 1--we and prosper ia the
future as 10 has in the past sixty
years. ! remain.
Yours very truly,
LENA harden MELTON
NJ ID Robinson agent Waxa-