The Spectator Handy Guide to Standard and Special Life Insurance Contracts, Non-Forfeiture Values, Useful to the Life Underwriter Volume 10 by Anonymous
This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1901 edition. Excerpt: ... advance to an authorized agent of the company and a bindin ' g 1; company's authorized form has been given by such ageiit the liab'l' g rfiacelp on t e shall be as stated in such binding receipt. 4 That the polioy 3;p;,11itg:1f-;h: hc(Hn, 'a2y g f ' ' ' _ 8 C III e orm now in use bv the company, and that the contract contained in such policy and in this application shall be construed according to the law of the State of New York, the place_of said contract_ being agreed to be the home oflice of the com any. 5. That any policy that may be issued in pursuance of this application shall e in consideration of my promises made in this application. AMOUNT, $10,000. ANNUAL PREMIUM, $281.10. AGE 35. New York Life Insurance Company agrees to pay five thousand five hundred and ninety-nine and 1% dollars to Mary, wife of the insured, or to such beneficiary as may have been duly designated, at the home oflice of the company, in the City of New York, immediately upon receipt and approval of proofs of the death of John Doe, the insured, of New York, in the county of New York, State of New York, and in addition thereto a sum equal to the total premiums that have been paid on this policy (taken at the tabular annual rate), provided such death shall occur before the twentieth day of April, in the year nineteen hundred and fifteen. If such death shall occur on or after said date the entire sum payable shall be ten thousand dollars. CHANGE or BENEFICIARY.---Tl1e insured may, at any time durin the continuance of this policy, provided the policy is not then assigned, chan e t e beneficiary or beneficiaries b written notice to the company, at its home 0 cc, accompanied by this policy, suc change to take efiect on the endorsement of the same...
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