Excerpt from Annual Report of the Public Schools of Wilkes County, 1919-1920
That the process of evolution is still taking place is clearly evidenced by the latest policy designed by this Company. It more than meets the demands of an insurance buying public, educa ted to look for liberality in policies. It will be the standard by which to guage other policies for a long time to come.
No policy ever issued typifies the broad meaning of insurance as does our new non-participating Special Benefit Policy, which we issue on both the Ordinary and Twenty Payment Life Plans.
Every feature is guaranteed, for we have made it non - partici pating, so that no dividends can be estimated and there can be no possible misunderstanding as to Just what the policy contains.
The policy is entirely new in life insurance in that. It contains all the modern features of an Old Line Life Insurance policy, with our Double Indemnity and New Disability Clauses added.
The double indemnity clause stipulate that if you are accidentally killed in any manner, at any place and at any time - your beneficiary will receive double the amount of the policy.
Our new disability clause provides that, in the event you are totally and permanently disabled before attaining age 60, from either disease or accident, we will waive the payment of future premiums, and you will receive a month for each of insurance, during each and every year of your remain ing life; and in addition, when you die, your beneficiary will ime mediately receive the full amount of the policy, with no deductions Whatso ever for what 135 been paid you during your lifetime.
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