IMAGE EVALUATION TEST TARGET (MT-3) fe ^/ y. ^ff 1.0 1^1^ 1^ I.I ! US 120 125 1.4 1.6 < 6" . ^ p /I ^ /a ^ ^5 •^ ^> Photographic Sciences Corporation 23 WEST MAIN STREET WEBSTER, N.Y. 14580 (716) 872-4503 W,'^ V ^'^V^. .V CIHM Microfiche Series (l\/lonographs) ICMH Collection de microfiches (monographies) Canadian Institute for Historical Microreproductions / Institut Canadian de microreproductions historiques Technical and Bibliographic Notes / Notes techniques et bibliographiques The Institute has attempted to obtain the best original copy available for filming. Features of this copy which may be bibliographically unique, which may alter any of the images in the reproduction, or which may significantly change the usual method of filming, are checked below. D Coloured covers/ Couverture de couleur I I Covers damaged/ D Couverture endommagee Covers restored and/or laminated/ Couverture restauree et/ou pellicul6e □ Cover title missi Le titre de couv( ng/ couverture manque □ Coloured maps/ Cat tes giographiques en couleur □ Coloured ink (i.e. oti Encre de couleur (i.e other than blue or black)/ autre que bleue ou noire) n Coloured plates and/or illustrations/ Planches et/ou illustrations en couleur □ Bound with other material/ Retie avec d'autres documents □ Tight binding may cause shadows or distortion along interior margin/ La reliure serree peut causer de I'ombre ou de la distorsion le long de la marge interieure n n Blank leaves added during restoration may appear within the text. Whenever possible, these have been omitted from filming/ II se peut que certaines pages blanches ajouties lors d'une restauration apparaissent dans le texte, mais, lorsque cela etait possible, ces pages n'ont pas ete filmees. 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Co., PRmTRiw, Colborme Strbit. 1873. 1^1 National Library of Canada Bibliotheque nationale du Canada ^.tcc.l .•..■•■on.i,,. t,' *..f „r ,hc lYirliainct ..( Ca.m.la, in th. vo.r "lie fl...Msa,.,I eisiht liiimircl aiul ,^cve.)ty•tlll■cc, bv Wii.uw Hum-.HT SMITI in fh, Ofii.v. „f tl,c Minister of A-rinilturt- .. the yoMi k'll.I.IAM lilt.-, THE MiiTiJiL GUARANTER AND ENDOV/MKNT PLAN" OF LIFE ir.SURANCE Under thib. nlan, the Members or Poliry. holders are arranged in Classes, of oae or more thousands in eac: Class. The Policy or Certificate of Membership of each and every Member, terminates at a definite period, no Policy extending beyond the age of Seventy upon the life of any individual Member ; neither is it granted for a shorter period than Five years from the date of the application. The amount of Insurance paid to the Estate of each deceased Member is the sum ^>i as many Dollars as there nm \u. i a„.v mulnple „f U,i. su,n, as t^-ico „ ' , ' f Class Kate, and is a uniforn, fixed •■'■e for every Afcnber of tlie same Class -otrofit,,^r,ctd:iisSr-"^- the condition of his Po t-v mn IT' "^°" •r a=d\^-- -;tr "- ofhi'cr-i, t^'^^^y lor the amount he amo.u so eollectcd bcin. hdd in .-eserve' Member. In addition to the Chss ynt. premium, as a pledge ,„• guarante.. to the A..ncy t at he .id pe„o,m a,: the Ton • Zr I '"™"'^^'»''iP ; and, failing ,„, Perform these conditions, all ,h, g„aramec T mhers in )r it may -e or five s known 'm fixed e Cl.issj ' of each ber, the -e, upon rst paid itatives, s being amount ndition te may ^ncy in Class ; -serve, -eased rate, mniial o the :ondi- ig to., antcc T premiums which he may have previously made are forfeited to the Agency, for the l)eneflt of the remaining- Members of tlie Class. At the expiration or close o: each Class period, the accumulated Guarantee Fund, with its accrued interest, arising from the forfeited premiums of lapsed member- ship, and from the premiums paid by the existing Members of the Class, shall be equitably divided among the remaining Members of the Class. In Classes of longer duration, when the annual guarantee payment shall have been made a certam period of years, it may then cease during the remair.ing years of the Class period ; and the annual interest afterward arising from this fund may be, in part or wholly, applied to the payment of the Class rates during the remaining years of the Class period. Hy this nrrangen^ent, a Member at the age of twenty, by paying a yearly guar- antee till the age of fifty, may then cease to pay this annual due during the remaining years of his membership ; the annual interest arising from thi^ fund, already paid, bcmg sufficient, so applied, to reduce the Class rate as low as during the earher period of liis mcniberihip. Upon the death of any MtnTocr, the Guar- antee Fund belonging to his Class may bo equitably assessed by the Agency, to supply any deficiency caused by vacant membership in his Class. When a Class is paying a larger annual premium than may be required as a guaran- tee, it may be considered an Endowment Class ; and upon the death of a Member, the Class rates are to be paid by the surviv- ing Members, as already described, for the other Class : provided, in this Class, that so much of the Endowment premium, which is in excess of the Guarantee premium which would be required of the same Member in a Class not forming an Endowment Class, be returned by the Agency to his Estate, toge- ther with the Insurance provided by the Class rate. The expense attending the management of this form of Insurance, ro be provided for by tho payment of a specific annual rate by each \ Guar Member of the Class during his membership. If this annual rate is found to be in excess of the actual expenses of the Agency, the surplus from this source may be credited to each Member upon his next annual expense rate ; or each succeeding year'ij surplus, belonging to each Member, may be held to form a common fund, to be divided equitably among the existing Mcmliers at the close of the Class period. The plan of providing Insurance for the Estate of a deceased Member by the assess- ment of the Class rate upon the surviving Members of the Class, and of further pro- viding an Endowment for the surviving Members by the payment of the annual guarantee or endowment , .emium by each Member ; and further, by appropriating the interest of the Guarantee Fund, as previously described, in reducing the frequency of the Class rate for the Members of the older Classes, taken together as a whole, forms the plan designated and known in this pam- phlet as the "Mutual Guarantee and Endow- ment Plan of Life Insurance," and, as such, 8 .irl> that part ulnch provides Insurance for the Kstatc of a deceased Member by the assessment of the CI-.^c r ,f^ . me for the ex,stin,^ Members at the close * the Class period, as already described.