The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1909-11-27
THEIR POLICIES PAY.
Bank Savings National Life Insurance
Co. Shows Thrifty Business.

When an insurance company begins
business in Kansas with but a hundred
thousand dollars capital stock, with
out a single policy and within the
short period of one year. writes over
f1,400,000 worth of policies, that
company must be q sound. substantial
organization, with exceptionally cap
able officers at the helm.
This is the phenomenal record of
The Bank Savings National Life Insur-
snce company, with David w: Null
vane as president; A. D. Walker of
Holton, vice president; E. E. Marshall
of Topeka, secretary; ]. r. Mulvane
of Topeka, treasurer; NJ. H. Leonard
Ct Topeka, general manager; DR.. G.
]. Mulvane of Topeka, medical direc-
tor, and Charles Blood Smith of To-
peka as general counsel
On the fourth day of January, 1909,
the Bank Savings National Life Insur-
ance company was given a charter to
do business in the state of Kansas.
That day 100000 were paid into the
state treasury as capital stock of the
company to be used as reserve fund
to guarantee the payment of the poll
cies written by the company. Not a
rate or a schedule or a table had been
compiled that day. The officers of the
company worked day and night for
time on rates and schedules. Then
gents were sent out with just type
written lists of rates. Twenty-Five
agents began work in dead earnest
about the first of June this year and
The business for the Bank Savings Ma
10 roll in. Today over $1,400,000
worth of policies stand as positive evil
dence of the confidence with which
The company was received by Kansas
eople and indicates the solidity of
the institution.
Last week David w. Mulvane, presi-
dent of the company, deposited an
other 100000 with the states treas
L IL
growth of the company and necessi-
Eating an increase in the capital
stock. At present the company is do
ing a 100000 business each month.
The reserve fund in the hands of the
state treasurer will be increased each
year in comparison to the amount of
insurance written.
Policies Plainly Worded.
The kind of policies written by the
Bank Savings National Life Insurance
company are attractive. clearly and
concisely written and the holder
thereof knows exactly what he has.
The premium on the policies of this
company are 20 to % per cent lower
Than that of any insurance company
writing participating policies. The
Bank Savings National Life Insurance
company policies state simply and
plainly and explain thoroughly the
BENEFITS the policyholder will receive
The reduction in the premium on the
policies written by the Bank Savings
National Life Insurance company
more than equal the profits made on
the participating policies with higher
rates.
May Borrow Money on Policies.
Any kind of an endowment or life
rclicy written on participating
plan by any other company is offered
by the Bank Savings National Life In
surance company. Each policy has a
cash surrender and loan value at the
aXntrati0n three
rolicyhoIder knows exactly the value
Ct his policy each succeeding year
When the policy natures the holder
Knows he will receive the face value
CT that policy in cash or paid up life
insurance, no more, no less.
A certain per cent of the premium
of the policy is turned into the state
treasury each year the policy contin-
ues, and becomes part of the reserve
fund. This reserve fund guarantees
the payment of the policy when it is
matured. There is no chance of the
insured losing his money paid as
enough of the companys money as re-
Eerve fund to meet every contract
made by that company with their
policyholders.
and the state of Kansas banded to-
Pether to organize the Bank Savings
National Life Insurance company they
eliminated every undesirable feature
progress of other companies.
They proposed to offer to Kansas
people simple safe insurance with
reduced premiums. There are no high
salaried agents, they are all working
a commission basis. There are no
high salaried officials or superfuous
clerical forces. They have stopped in
q measure the flood of money amount
ing to nearly $6,300,00O which annu-
ally left Kansas and was sent to the
eastern insurance companies. The
Bank Savings National Life Insurance
company assists the property holders