Life Insurance Agents' Vade Mecum Volume 21; Setting Forth the Risks Assumed and Benefits Guaranteed by the ... Life Insurance Companies, Etc. ... (Paperback)

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1913 Excerpt: ...shall have heen in force three full years, the owner, within one month after any default, may elect one of the methods of surrender settlement shown In thfe table of loan values helow, namely (a) To accept the value of this Policy in cash.," i. The cash value at end of twenty years and thereafter Is equivalent to the entire American 3% per cent reserve on a regular 20 Premiums Life Policy. But Inasmuch as the first year's insurance under this policy is term insurance, the cash value prior to the twentieth year is equivalent to the reserve on ai 19 Premiums Life Policy issued at age of the Insured one year later than the date of this Policy., t '," "Payment of the value;pf this Policy in cash may he, deferred by the Company for not exceeding six months after the application therefor is made." Dividends.--This Policy shall participate in the surplus earnings of the Company' accruing to policies of this class and its portion of the divisible surphiB shall he ascertained by the Company and distributed at the end of. eviery five years. Dividends shall, at the option of the owner of this Polioy, he either (1) Paid in cash; (2) iApplied toward the payment of any premium or premiums; or (3) Applied to the purchase of paid-up additions to the Policy; or (4) Left to accumulate to, the credit 0f the Policy with interest at three and one-half per centum per annum and payable at the maturity of the Policy, but withdrawable on any anniversary of the Policy. 1.: -.; Dueling or Violation of Law.--No conditions., Extended Insurance.--"After this Policy shall have heen In force three full years the owner, within one, month after any default, may elect one of the methods of surrender settlement shown In the table of loan and surrender values helo...