Addresses and Papers (Classic Reprint) - Softcover

Inhaltsangabe

Excerpt from Addresses and Papers

On every participating policy issued by the Home Life Insurance Company a dividend is ap portioned annually, whether that policy is taken out upon the annual cash dividend plan or Whether the dividends are allowed to remain with the com pany under the dividend-endowment (deferred dividend) plan. If the latter course is adopted, the following provision will be found in the policy.

Each and every dividend of profit which may be made on this policy shall be retained by the company and be applied to the purchase of simple endowments in favor of the holder, which shall mature and be payable only at the expiration of years from the date of the policy if the policy be then in force, etc.

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