Books › Newark City Directory 1889-90, 1889 › scan 1
Scan 1
Newark City Directory 1889-90, 1889
24 lines. Read by computer on 17 September 2026. No printed page number was found. See the scan on archive.org.
1THE MUTUAL BENEFIT LIFE INSURANCE COMPANY, NEWARK, N. J.
3AMZI DODD, PRESIDENT.
5ASSETS, (Market Values,) Jan. 1, 1889 $43,514,460 54
6LIABILITIES, New York and Mass. Standard 40,151,937 33
7SURPLUS, 3,362,523 21
8SURPLUS, by former N. Y. Standard (Am. Ex. 4 1/2 per cent. Reserve) 5,784,253 21
10Policies Absolutely Non-forfeitable AFTER SECOND YEAR.
12IN CASE OF LAPSE
13THE POLICY IS CONTINUED IN FORCE as long as its value will pay for; or if preferred, a Paid-up Policy for its full value is issued in exchange.
15After the second year, Policies are INCONTESTABLE, except as against intentional fraud; AND ALL RESTRICTIONS AS TO RESIDENCE AND OCCUPATION ARE REMOVED.
17CASH LOANS are made to the extent of 50 per cent. of the reserve value, where valid assignments of the Policies can be made as collateral security.
19LOSSES PAID Immediately upon completion and approval of proofs.
21J. B. PEARSON, Vice-President.
22EDWARD L. DOBBINS, Secretary and Treasurer.
23B. J. MILLER, Mathematician.
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