And does promise to pay the sum assured to... executors, administrators, or assigns, at the office of the said company in the city of New York, upon receipt and approval of proofs of the death of the said insured during the continuance of this policy, deducting therefrom any indebtedness to the company under this contract. And further agrees that the provisions, requirements, and benefits printed or written by the said company upon the back of this policy are a part of this contract, as fully as if they were recited at length over the signatures hereto affixed. In witness whereof, the said Home Life insurance company has, by its president or vice-president and secretary, signed and delivered this contract at the city of New York, in the state of New York, this.. ....day of.... ..................., one thousand eight hundred and ninety... Provisions, Requirements, and Benefits. It is hereby further promised and agreed that after two years from the date hereof, the only conditions which shall be binding upon the insured under this policy, are that the premiums shall be paid at the times and place, and in the manner stipulated, and that the requirements of the company as to age, and military or naval service in time of war, and as to the wearing of a truss, if ruptured, shall be observed, and that in all other respects if this policy shall become a claim after the expiration of the said two years, the payment of the sum insured by this policy shall not be disputed. Each premium is due and payable at the home office of the company in the city of New York, but will be accepted elsewhere when duly made in exchange for the company's receipt signed by the president, vice-president, or secretary. Notice that each and every such payment is due at the date named in the policy, is given and accepted by the delivery and acceptance of this policy, and any further notice required by any statute is thereby expressly waived. That part of the year's premium, if any, which is not due and is unpaid at the maturity of this contract shall be deducted from the amount of the claim. If this policy shall become void by non-payment of premium, all payments previously made shall be forfeited to the company except as hereinafter provided. After three full annual premiums have been paid upon this policy, the company will, upon the legal surrender thereof on default in payment of any premium, or within six months thereafter, issue a non-participating policy, for paid-up insurance, payable as herein provided, for such an amount as the reserve upon the policy at the time of nonpayment of premium, after deducting any indebtedness to this company under this contract, will purchase at the published single premium rates of the company, as required by the provisions of the act of May 21, 1879, chap. 347, laws of the state of New York. This policy may be surrendered at the expiration of.. ...years from the date of issue, if then in force, and the full amount of the legal reserve according to the present standard of the state of New York, which will be $... less any indebtedness to the company, will be paid therefor in cash (in addition to the dividend endowment as provided below), or the company will issue a paid-up policy, participating in profits, for such an amount as the same will purchase at the then age of the insured. Or the policy may be continued and a new dividend endowment term of any multiple of five years may be entered upon. Each and every dividend of profits 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 thereof, which shall mature and be payable only at the expiration of... years from the date hereof if this policy be then in force, at which time the accumulations shall be payable in cash, or if preferred, in additional insurance if the insured is in sound health, or in the purchase of an annuity. After the premiums have been paid on this policy for........... .years, the company will loan to the holder of the policy (to enable him to continue it in force) the amount of any subsequent premium or premiums within the dividend endowment period, as the same shall become due; provided there is no other indebtedness to the company under this contract, and provided interest at the rate of six per cent. per annum is paid annually in advance upon all such loans. The aggregate amount of any such loans and all interest accrued or unpaid upon the same shall be deducted from the proceeds of this policy in any settlement thereof or of any benefit thereunder. If this policy shall become a claim by death occurring within the dividend endow. ment period above specified, and subsequent to the.. ..day of... ...all the premiums due on and after said date and paid, whether in cash or by premium loan as above, will be returned and paid with the amount of the policy. Any assignment of this policy must be made in duplicate, and both copies must be sent to the home office for acknowledgment, one of them to be retained by the company. Under no circumstances will the company assume any responsibility for the validity of any assignment. No agent has power on behalf of the company to make or modify this or any contract of insurance, to extend the time for paying a premium, to bind the company by making any promise, or by receiving any representation or information not contained in the application for this policy. Limited Payment Life. This is in all respects, except the terms of payment of premium, the same as the ordinary life policy. Endowment Policy. This policy has no cash surrender value, but is in other respects the same form as is used for the preceding policies, except its endowment provision, and has at maturity the following option: On the maturity of this policy, with its accumulated dividends, if the insured desires its continuance, the company will extend it and allow interest thereon annually at the rate prescribed by the laws of the State of New York, as the standard of computation for the reserves of life insurance companies. The policy, if thus extended, shall become payable thereafter on demand upon which interest falls due. This company also issues a "Deferred Annuity Bond," which has no element of life insurance in it, but becomes an annuity for life after a certain number of years. JOHN HANCOCK MUTUAL LIFE INSURANCE COMPANY. This company issues "Ordinary Life" policies with premiums payable during life, Limited Payment Life,' Endowment," and "Industrial 66 policies. The Ordinary Life policy reads: ....of.. ...in the amount of... The John Hancock Mutual Life insurance company, in consideration of the premium of.. .dollars, to be paid on or before the. ......day of.............. ...in every year, does insure the life of dollars, for the benefit of.. and the said company promises to pay, at its office in Boston, the amount of said insurance to the said.. executors or administrators, upon satisfactory proof to it, at its office in Boston, of the death of the insured, deducting therefrom any indebtedness to this company of the other parties to this contract, and the premium, if any, for the balance of the policy year; subject to the following conditions: This policy shall not take effect until delivered and the first premium hereon paid during the lifetime and good health of the insured. If any of the statements made in the application for this policy, which application is hereby referred to and made a part hereof, are in any respect untrue; if any of said premiums shall not be paid when due; or if within two years from the date hereof said insured shall, without the written consent of the company, reside or travel in the Torrid Zone, be personally engaged in blasting, mining, submarine operations, or making explosives, or be employed as brakeman or switchman on any railroad, this policy shall be void, except as hereinafter agreed. This policy shall be incontestable after two years from its date. If the third, or any subsequent annual premium, or installment thereon, shall not be paid when due, this policy shall not become void, but the company will (there being then no existing indebtedness as aforesaid), without any action on the part of the insured, continue this policy as paid-up insurance for.... . dollars, or pay, on legal surren...dollars. [Included here der on any anniversary of its issue, a cash value of.. is a table giving paid-up insurances and cash values from two to eighty years. If surplus is applied to purchase of additional insurance the sums in the table will be increased. ED. CYCLO.] On satisfactory assignment the company will loan on this policy such sum as, with one year's interest, will not exceed the surrender value; but no loan will be made for an amount less than fifty dollars. No suit shall be brought against the company or any claim under this policy, unless commenced within two years from the time when the right of action accrues. Any assignment of this policy shall be void, unless assented to in writing by the secretary, and the claim of any assignee shall be subject to proof of interest. No person except the president or secretary is authorized to make, alter, or discharge contracts or waive forfeitures. This contract is made and to be performed in the commonwealth of Massachusetts. Notice to policy-holder. This policy shall share in the distribution of surplus funds as apportioned by the directors, and such share may be applied to a reduction of the premium, or to the purchase of additional insurance if so expressed in the application. The assured is hereby notified that, by virtue of this policy, he is a member of the John Hancock Mutual Life insurance company, and that the annual meetings of said company are holden at its home office, on the second Monday of February, in each year, at twelve o'clock, noon. Limited Payment and Endowment policies are written on substantially the same blanks, with the necessary changes as to premium payments and maturity. Industrial Policy. The John Hancock Mutual Life insurance company, in consideration of the payment of........cents, at noon on Wednesday of each week, during the life of.... ..the insured herein, agrees to pay to the beneficiary as provided in the application herefor, within twenty-four hours after satisfactory proof of the death of said insured, the amount named in the schedule below, subject to these conditions: If any statement or answer in said application is in any respect untrue; if any assignment hereof is made; if any policy on the life of said insured previously issued by this company is now in force, without permission to hold this policy indorsed thereon by the president or secretary; or if said life is rated under thirteen years of age, and is now, or may hereafter be, insured while under such age in this or any other company or society, and the total premiums on such insurances shall exceed ten cents per week for ages of five and under, or twenty cents per week for ages between six and twelve inclusive; then this policy shall be void. This policy and the premium receipt book must be returned before any claim can be made. This policy shall become void on failure to make any of said payments when due, subject, however, to the laws of Massachusetts, but should the death of said insured occur within four weeks after such failure the amount of this insurance will be paid. No suit shall be brought against the company on any claim under this policy, unless said suit is commenced within two years from the time when the right of action accrues. No person except the president or secretary is authorized to make, alter, or discharge contracts, or waive forfeitures. The company shall not be liable for any loss before noon of the date hereof, nor unless said insured shall then be alive and in good health. Schedule above Referred to. Amount of benefit if insured is rated at or over 13 years of age. $.. Stipulation. In the event of the death of the insured within six calendar months from date hereof, only one-fourth of this sum shall be paid. In the event of such death after six months and within one year, one-half of this sum shall be paid. After one year from date, policy will be in force for the full amount. Amount of benefit- If the life insured is rated under 13 years of age, and for each 5 cents of weekly premiums, viz.: For 5 cents per week the amounts below will be paid. For 10 cents per week twice the amounts below will be paid. For 15 cents per week three times the amounts below will be paid. For 20 cents per week four times the amounts below will be paid. Under age 6 no higher premium than ten cents will be taken. Amount Payable if the Child dies after the Policy has been issued for One $15 75 95 115 22 10 25 11 30 12 35 115 When the amount of insurance, according to the terms of this table, reaches $115 (for each five cents of weekly premium) it will continue at that amount during the lifetime of the person insured, subject to the terms and conditions of the policy. The John Hancock also issues an industrial policy, with weekly payments, for adults, the amount of the insurance being fixed at five hundred dollars, and the premium varying with age at entry. The face of this policy is to be increased at periods of five years by dividends. MANHATTAN LIFE INSURANCE COMPANY. This company issues for principal forms, “ordinary life," "limited payment life," "endowments," survivorship," "ten-twenty bonds," new endowment," guaranteed compound interest bonds," and "ten-year renewable term " policies. Ordinary Life Policy. The Manhattan Life insurance company of New York, in consideration of the application for this policy, and the statements and covenants therein contained, which are a part of this contract, and of the......annual premium of.... dollars, to be paid in advance to the company at its office in the city of New York, on the delivery of this policy, and thereafter on the.... ...day of. ...in every year during..... .of. ....in the county of... and state of........and will pay at its said office in the city of New York to.. executors, administrators, or assigns....... .dollars upon satisfactory proof at its said office of the death of the insured during the continuance of this policy upon the following conditions: ..insures the life of..... 1. If any statement made in the application be in any respect untrue, or if any premium be not paid when due, or if the insured engage in any naval or military service except in the militia not in actual service, this policy shall be void and all payments made upon it shall be forfeited to the company; except that, after being in force three full years, this policy shall be incontestable for any misstatement in the application except as to age and if it shall lapse or become forfeited for the non-payment of any premium the company will, upon the surrender of this policy within six months after such lapse, issue a non-participating paid-up policy for such sum as the legal net reserve on this policy, at the time of lapsing, will purchase as a single premium at the company's present published rates. 2. Proof of death shall be furnished to the company within two years after death, and no suit shall be brought against the company on this policy after two years from the time when the cause of action accrues. 3. No provision of this contract can be changed or waived except by a written agreement, signed by the president or secretary of the company. In witness whereof, the Manhattan life insurance company has hereunto affixed its corporate seal, and by its president and secretary signed and delivered this contract at the city of New York, this.. ....day of.... ........one thousand eight hundred and.. The ordinary life policy shares in surplus, and dividends are declared and paid at the beginning of the second year. Paid-up policies are granted in accordance with New York non-forfeiture law. The same form is used for all policies, except such changes as are necessary to carry out the different plans. Survivorship policies. These are tontine policies under another name and provide that if death does not occur before the end of the tontine period the company will pay ..dollars and the accumulated dividends on this policy upon the surrender of the policy, or the accumulated dividends without the surrender of the policy on that day or the face of the policy and the accumulated dividends at death. The paid-up policy also stipulates for a pro rata of the whole number of premiums to be paid, after three premiums. These policies are issued for 10, 15, and 20 years. New endowment. This policy follows the ordinary form, but becomes at the end of a stated number of years an endowment for onehalf the face. Ten-twenty bond. This is an endowment for twenty years, premiums payable in ten annual installments. Guaranteed compound interest bond. This bond guarantees a sum at the end of twenty years, equaling, on ages under forty-five, the pre miums with compound interest at 2 per cent. Over forty-five, two per cent. Renewable term. This is a ten-year renewable term policy, and as well as those of other companies is modeled on those first issued by the Etna Life. MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY. Life Policy. Ordinary The Massachusetts mutual life insurance company hereby insures the life of.. of...... ..county of... .state of... ..in the sum of.... .......dollars, and promises to pay said sum at its home office, to.. ....executors, administrators, or assigns... upon receipt at its said office of satisfactory proofs of the death of the person whose life is hereby insured during the continuance of this policy, provided the annual premium of... ..dollars is paid each year, in advance, during the lifetime of the insured, as follows:. .on or before the ..day of..... ....subject, however, to the conditions, provisions, requirements, and benefits stated on the back hereof. This policy shall be incontestable after two years from the day of its issue, provided the application upon which it is issued contains no intentional misstatement, and provided the provisions hereof as to payments of premium and as to military and naval service are complied with; subject, however, to adjustment for error in age, if any, as stated on the back hereof. In witness whereof, the said company has, by its president and secretary, executed this contract at Springfield, Massachusetts, this........day of........one thousand eight hundred and ninety.... Conditions, Provisions, Requirements, and Benefits. Each premium is due and payable at the home office of the company, but payment will be accepted elsewhere when duly made in exchange for the company's receipt signed by the president or secretary. Notice is given and accepted by the delivery and acceptance of this policy, that each and every such payment is due at the date named in the policy, and any further notice required by any statute is expressly waived. That part of the annual premium, if any, which remains unpaid and not yet due at the maturity of this contract, and any obligation given for premium, with interest thereon, shall be deducted from the amount of the claim. If this policy shall become void by reason of violation of its conditions, or by non-payment of premium, or interest on any premium obligation, all payments previously made shall be forfeited to the company, and no claim shall exist under it except such, if any, as is imposed by the laws of the commonwealth of Massachusetts. No insurance shall take effect under this policy until the first premium is paid during the lifetime and continued good health of the person proposed for insurance. Without the written consent of the president or secretary of the company the insured shall not, during the first two years of the continuance of this policy, travel or reside elsewhere than in the United States of America, the Dominion of Canada, and Europe, nor during said first two years engage in blasting, mining, subterranean or submarine labor, the manufacture or transportation of gunpowder, nitro-glycerine, or other explosive material, nor in service upon any railroad train, steamboat, or other vessel or boat; nor, during the continuance of this policy, engage in military or naval service of any kind in time of war; provided, that after this policy has been in force two full years, all restrictions upon residence and travel, and upon occupation or employment, except military or naval service in time of war, shall be (and are hereby) removed. If the insured shall die by his (or her) own hand or act, sane or insane, at any time during the first two years of the continuance of this contract, the company shall be liable only for the net reserve held against this policy, reckoned according to the legal standard of Massachusetts. This policy will not be contested on account of suicide occurring after two years from its date. This policy will be entitled to share in such distributions of surplus funds as the company may from time to time make, according to the methods and rules adopted by the directors; provided, that in case this policy shall become paid-up for an amount less than one hundred dollars it shall not be entitled to share in any such distribution. In case of death no claim shall exist under this policy unless proof of the death is furnished to the company, in such form as it shall require, at its said office, within two years after the death of the insured, and no action shall be brought under this contract after two years from the time when the right of action accrues. Proofs of age will be required with proofs of claim, and any error made in stating the age of the insured in the application for this policy will be adjusted in the settlement of the claim by payment of |