The weekly times-record. (Valley City, N.D.) 1912-1922, 1920-01-22

six have died, and the widows and or
phans have been inadequately taken
care Of. You no doubt know of a great
many instances yourself where this is
the case, and will further convince
yourself that few dollars saved by
applying same to the upkeep Of pol
icy would have never been missed, and
would have kept one family from dire
necessity.
The great menace to America has
been the gambling disposition of the
American people, rather than sys-
, tematic economic saving from year to
year. IA.
SECURING life insurance begets
THRIFT. Adequate amount of life
insurance impels THRIFT.
Keeping up life insurance enforces
THRIFT. D.. ~
We find that bankers are taking into
consideration in the fixing of credits,
not only what amount of insurance a
man has, but the kind of policy he has,
and the number Of years he has car
ried it, which assumes, of course, the
reserve value Of the policy. One of the
points which weighs with banker is,
that a man shall carry his insurance
on a plan that indicates his faith in
thrift principles, that he is accumlat-
ing something, besides having protec-
ton, and the fact that he has some
thing which is not only protecting his
family, but in certain sense protect
ing his creditors as well, so that when
he dies, he does not abscond, but has
provided definite estate. All those
things which are the common things
of life insurance can be summed up
and made more potent by carrying
, long time endowments which not only
have a benefit for the family, but
which shows accumulation to the man
himself, and that he is accumulating
a fortune on long time and easy pay
ments. as we'll as giving his family
PROTECTION. Out in Denver there
is an old car line. An old gray horse
draws the car up a long hill There
is nothing unusual about that, but
when they get. to the top Of the hill
they unhitch the old horse from the
front of the car and put him on
platform on the rear of the car, and
the car coasts down the hill. Now, an
endowment policy is just that kind of
a proposition. When a man gets thru
carrying the policy, the policy carries
him. The man and whatever family
he has, get on the policy, and coasts
down the downhill of life.
Assessment insurance is good thing
SO far as it goes, but it is only protec-
ton insurance, has no cash value, and
should policy lapse payment, he
would very likely stand a good chance
Of losing his policy altogether, for
the reason; that as there is no cash
value accumulated, the company would
have no funds to continue the insur-
ance, and would cancel the policy.
Then in order to reinstate his policy,
it would be necessary to take new
medical examination. Let me say
right here, that it never pays to PUT
off taking your insurance early in life,
for something might happen at any
time that would impair PERSONS
health, and they would be forever ex-
cluded from taking insurance.
All old line life companies now have
embodied in their policies what is
known as the EXTENDED lNSUK-
ANCE clause. This is explained thus:
After a few payments of premiums
have been deposited, there IS cash
reserve in the policy, which if not with
drawn by the policy holder and the
policy cancelled, would carry the pol
icy for a certain stated period without
further payment. For instance, If a
person takes 20 year Payment Life
policy, when rs years of age, at age
IS he could discontinue the premium
payments and the reserves deposited
by the company would continue the
protective feature in the policy for
twenty three years. This is some
thing that assessment insurance will
not do. One must die to derive any
benefit from that kind Of insurance.
It has no cash value, extended insur-
ance clause, nor does it pay any dlvi-
dends.
Life insurance is something that is
creating an influence and is helping
to mould the great mass of men and
women in this great country, an in
fluence which is reaching down thru
the forge and factory and all lines of
industry and gripping the man or wo-
man at that place they may designate
their HOME, the place dearest to
them. 1t is gripping them by protect
ng and preserving that home, HOME,
there is no stronger word, and there
is no stronger place in America, than
the American home, and whatever
guards the home, protects it and pre-
serves it, is making America a strong
er and better nation. Home, the
place where American poets are made;
Home, where all souls are refined and
made big souls and where weak men
are made strong men. Home, where
children lead and educate their par
ents, and where all have come to feel
that the spirit of sacrifice has made
America theirs.
In the new gospel of patriotism, that
of preserving. the health and staving
off death, and the preserving of Amer
lean homelife; LIFE INSURANCE
has a large part, and YOU, You are
the apostles, helping TO bring this old
world, with it's ruin and its poverty,
it's misery and its pain, weary and
wandering, back to the fatherland of
God and the brotherhood of man.
D,,4&:o,. 30 1;fo ;S 1,Eo