Coast review . $60,000 savedjrom Forfeiture. THE Hgw England Mutual Life Insurance Co. OF BOSTON, Has paid over Sixty Thousand Dollars onLapsed Policies on this Coast. TheseClaims were paid under the MassachusettsNon-Forfeiture Law. The Main Points of the Law under whichthe above claims were paiil : No Insurance on Life ];^shall l)e forfeited bynon-payment of premium.,,^! Tlie net value of tlie Policy shall be ascer-tained at the time of the lapse of premium, andbo considered a net single premium of temporaryinsiM-ancc. If the death of the party occurs within theterm nf temjiorary insurance, t
Coast review . $60,000 savedjrom Forfeiture. THE Hgw England Mutual Life Insurance Co. OF BOSTON, Has paid over Sixty Thousand Dollars onLapsed Policies on this Coast. TheseClaims were paid under the MassachusettsNon-Forfeiture Law. The Main Points of the Law under whichthe above claims were paiil : No Insurance on Life ];^shall l)e forfeited bynon-payment of premium.,,^! Tlie net value of tlie Policy shall be ascer-tained at the time of the lapse of premium, andbo considered a net single premium of temporaryinsiM-ancc. If the death of the party occurs within theterm nf temjiorary insurance, the Company shallbe bound to pay the whole Policy tlie same as ifthere hati been no lapse of premium ; ]>rovided,the (!omp;iny shall liave the right to deduct fromthe face of the Policy the amount of premiumdue, with interest at date of death. The New England Mutual Life Company was incor]>orated in 1S35. It hasaccumiilateci Assets of $10,000,000. This Company charges no more for Premiums on it
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Keywords: ., bookcentury1800, bookdecade1870, booksubjectminesandmineralresou
