NOTE THE LIBERALITY OF ITS TERMS.
After the premiums for three or more years have been paid, upon receiving the required notice from the assured, the Company will continue the Policy in force without further payments, for its Full Face, for such a period as the Entire Reserve will carry it.
Should the death of the insured take place during the continued term of insurance as provided for above, the full face of the Policy will be paid—no deduction being made for forborne or unpaid premiums, excepting in the event of the death occurring within three years after the default.
The new form of Endowment Policy provides: That if the Entire Reserve is a greater sum than the single premium required to carry the full amount of insurance to the end of the Endowment term, the Excess shall be issued as a single premium to purchase a pure Endowment, payable at the end of the term, thus guaranteeing to the Policy-holder in every event the full value of his Reserve.
No Surrender of the Policy is required—only a notice from the Policy-holder, on blanks furnished by the Company.
After Three Years, all Restrictions and Conditions in regard to travel, residence, occupation, and cause of death are removed, thus making the Policies after three years Incontestable for any Cause excepting Fraud.
All Forms of Life and Endowment Policies Issued.
THE UNITED STATES
Life Insurance Company in the City of New York,