TWENTY-THIRD ANNUAL  REPORT.    „

SuRRENDEI\_ OF    JROLICIES.   Xxdi

OHOULD the original motive for effecting
^ Assurance in this Company cease befor
the termination of life, the party may surrender
his Policy, provided it has run two years, for an
equitable consideration, which may be paid to
him in cash by the Company on its surrender.
Or, if it is found inconvenient to continue the
payment of the annual premium, the Company
will grant a new Policy, which, withovit further
payment, will assure to the representatives of
the party, at his death, a reversionary sum
equivalent to the present value of the Policy on
surrender.

Assignments.

Policies issued to married women on the
lives of their husbands are not assignable.
When other policies are assigned, written no¬
tice should be given to the Company.

Proofs  of  Death.

Policies are payable sixty days after present¬
ation and acceptance of proofs.

Blanks may be obtained upon application at
the Office of the Company.