Cc Avery Architectural and Fine Arts Library Gift of Seymour B. Durst Old York Library RATES AND PROPOSALS ()>■ THE NEW-YORK LIFE INSURANCE AND TRUST COMPANY, NO. 38 WALL-STREET, FOR Insurance on Lives, Granting Annuities. Receiving Money in Trust, and the Management of Trust Estates. ACT OF INCORPORATION PASSED MARCH 9, 1830. JHeto;§ocfc J CLAYTON It. VAN NORDEN, PRINTERS, No. 42 William-street. 1830. ait TO INCORPORATE THE Stew- York Lerioci of Dot less than thirty da\ ■>, and be allowed liit same interest as if originally deposited for the extended period. Where the trust shall exceed a year, interest may be made payable before the principal .shall become due, annually, half- yearly or quarterly, as may be agreed on. Where the trust shall be for a shorter term than a year, no in- terest will be paid until the principal become due. When moneys so deposited in trust for a period less thau a year shall have remained in deposit for sixty days, the same may be withdrawn at any time thereafter, and before the period for which the deposit was originally made ; but in such cases no interest will be paid on such deposit. The above conditions shall not extend to moneys deposited by order of the court of Chancery, or any other court ; on which moneys interest will be paid according to the terms of the charter, and the arrangements made. IH. TRUST ESTATES. The mo>i important branch of the business of the Company \ et remains to be noticed ; namely, the management of trust estates. It is from the faithful and judicious exercise of their corporate pow ers on this subject, that the most extensive public benefits may be expected to flow. The Company are authorized by their charter to accept and execute trusts of every description, w hether committed to them by individuals or by courts of justice. They are, therefore, empow - ered to act as trustees under last w ills and testaments, as guardians of the estates of infants, as receivers of the property and effects of insolvents, dissolved or suspended corporations, as the committee of the estates of lunatics, and as assignees for the benefit of cre- ditors. None, who are much conversant with the actual business of life, or whose inquiries have been directed to the subject, can be ignorant that vast sums are annually lost through the negligence, delinquency, and insolvency of executor-, guardian-, and other 21 trustees ; and even where trustees are solvent, large losses may, and constantly do, accrue to the estates intrusted to them, for which they cannot be charged, since they are only personally lia- ble in cases of gross negligence or actual fraud. Estates confided to the Company, there is no exaggeration in saying, will be, in a great measure, if not entirely, exempt from the hazards which render so perilous, even where the utmost caution is employed, the selection of individual trustees ; since the Com- pany will assume the risk of all investments made by them of trust funds, and pledge their whole capital for their repayment at the stipulated rate of interest. Nor is this all : executors, &ic. may retain in their hands, or suffer to be idle, considerable sums, for which they pay no interest whatever, and, except in special cases, they are not chargeable with compound interest. But the Company will allow interest at the rate that may be stipulated, on their acceptance of the trust, on all sums exceeding $100, received by them from the trust estate, and will accumulate, by allowing compound interest thereon, at the same rate, annual balances not required for disbursement during the ensuing year. Nor have we yet enumerated all the grounds on which the pub- lic confidence may be claimed in the execution of trusts of this description. The permanent character of the Board of Trustees, and the large interest which each Trustee is required to hold in the capital stock — the certainty that none will be elected to vacan- cies but men of established reputation for prudence, capacity, and integrity — the report to be made annually to the Chancellor, and the full and thorough examination of all the affairs of the Com- pany which he will annually direct, seem to furnish all the securi- ties which the most cautious vigilance, and even the solicitude of the most anxious parent, could well require. In the execution of these trusts the Company will charge the same commissions as are allowed bv law to other trustees ; but the rate of interest to be paid must pe regulated bv special agree- ment, on the acceptance of the trim. 12 INSURANCE ON LIVE8. Table I. sliows the rate at which an insurance may be effected of % 100 on a single life, for one year, seven years, or for the whole duration of life. Example. — The sum of $100 may be insured on the life of a person aged 31, payable to any one the insured may direct, in case of its failure within one year, for $1 85 ; within seven years, by paying annually $1 96; whenever the death shall happen, by paying annually till that event $3, and so in proportion for a greater or less sum — thus, $3000 may be insured one year, at the above age, for $55 50. . Table II. shows the annual premium (payable during the con- tinuance of the life insured) for the insurance of $100 on the con- tingency of one life's surviving another. Example. — By the annual payment of $3 25, as long as they shall both live, a man aged 40 may insure to his child, aged 10, $100 at his decease, in case it should survive him. Thus, five times the above sum, or $16 25, paid annually, as above, will secure to the child $500. ANNUITIES. Table III. shows the rates at which the Company will grant an annuity of $100 on a single life, at any age between 48 and 74. Thus, at the age of 60, a person may secure an annuity of $100 by the payment of $1070, and of $500 by the payment of $5350. These annuities are generally purchased by persons somewhat advanced in age ; the table therefore begins at 48, but annuities will be granted on younger lives, should applications for such be made to the Company. Table IV. shows the rates at which an annuity of $100 may 23 • * be purchased, the first payment to be made when the party is 50 years old. The purchase may be made by a single payment, or by annual payments till the party has a right to claim the first annuity. Example. — A person aged 21, by paying in one sum $323 37, or by paying annually $20 21, until he attains the age of 50 years, will be entitled to a deferred annuity of $ 1 00, the first pay- ment to be made when he is 50. Table V. shows what annuity will be paid for the same purchase money, the ages being the same as are mentioned in the last table, and supposing the commencement of the annuity post- poned. Example. — Take the age and purchase money mentioned in the last example — then if the person is aged 21, by paying the sum of $323 37, and postponing the payment of the first annuity to 51, he will receive $107 76 — to 56, and he will receive $161 21. From this and table IV. it appears that a person who depends on his labour, by putting apart two dollars of his wages per month from the time he is 21 till he is fifty, may secure an annuity of $118 75 after that period, or $208 92 per annum if the first payment is deferred till he is 57 years old. Table VI. shows the rate at which an annuity can be pur- chased for a wife, in case she should survive her husband, the first payment to be made one year after his death ; or for a child, in case it should survive its father, the first payment to commence one year after his death ; and in general for one life in case it should survive another. Example. — A man 30 years of age, having a wife aged 20, by paying at the time of purchase $508 80, or by making annual payments of $35 65, as long as they shall both live, may procure an annuity of $100, payable annually to his wife, in case she should survive him, and as long as she lives. 24 ENDOWMENTS. Table VII. shows the sum which the Company will pay to the party for whom an endowment is purchased, if he should attain the age of 21, for §100 purchase money received hy the Company at the ages mentioned in the tahlc. Thus for Si 000 paid at the time of the birth of the child, the Company will pay him at the age of 21 years, if he he then living, 83,708 40. It should be stated, that the tables do not include all the risks which the Company intend to take, nor all the terms on which annuities will be granted ; others may be proposed and accepted; and whenever this is the case, the calculation will be made, necessary to determine the rate the party applying ought to pay. Also, that the tables are copies of those used by the Massachu- setts Life Insurance Company. They Irave the experience of that respectable institution to recommend them, and its learned Actuary has with liberality permitted the use of them by the New- York Life Insurance and Trust Company. TABJLE I. Of the rates of insurance of one hundred dollars on a single life. Ages. 1 year. 7 years. For life. Ap'es 1 year. 7 years. For life. 36 $2.03 $2.18 $3.37 10 37 2.07 2.24 3.45 to $ $ $ 38 2.12 2.30 3.54 14 0.98 1.18 2.07 39 2.15 2.35 3.64 15 0.99 1.25 2.12 40 2.23 2.43 3.74 16 1.06 1.35 2.18 41 2.31 2.50 3.84 17 1.16 1.43 2.24 42 2.39 2.56 3.94 18 1.27 1.51 2.29 43 2.45 2.63 4.05 19 1.37 1.56 2.35 44 2.50 2.71 4.17 20 1.50 1.62 2.39 45 2.56 2.79 4.29 21 1.59 1.66 2.45 46 2.62 2.89 4.41 22 1.61 1.68 2.49 47 2.69 2.99 4.54 23 1.63 1.70 2.54 48 2.76 3.10 4.68 24 1.65 1.73 2.59 49 2.87 3.21 4.83 25 liUO T 77 9 (\A OKJ T ft 1 * ^ ^A A QQ 26 1.71 1.79 2.70 51 3.15 3.45 5.14 27 1.73 1.83 2.76 52 3.24 3.56 5.30 28 1.77 1.86 2.81 53 3.35 3.68 5.48 29 1.80 1.89 2.87 54 3.46 3.82 5.66 30 1.82 1.92 2.93 55 3.57 3.96 5.85 31 1.85 1.96 3.00 56 3.69 4.11 6.05 32 1.89 1.99 3.06 57 3.S3 4,26 6.27 33 1.92 2.02 3.14 58 3.97 4.43 G.50 34 1.95 2.07 3.21 59 4.13 4.62 6.75 35 2.00 2.13 3.29 I 60 4.29 4.80 7.00 4 26 TABLE JI. Of the rules far insuring one hundred dollar* to be paid at the drrew of A., provi- ded he dirt before H. AGES. Life insured. A 20 i-. 30 C B — a u O -a c « SE 40 4) o <5 50 60 Expect- ant. B Annua) ! I'mni- 1 inn. 10 20 30| 10 50; GO 701 o $2.01 2.03 1.97 1.91 1.84 1.76 1.68 rT 1 io a 20 30 10 50 60 70 - 10 ; | 20' 8 30 a. 40 B 50 | 60| 70! 10 20 'o 30; fee 40 «4 50 60 70 10 20 30 pq 40 50 60 70 2.50 2.53 2.44 2.35 2.25 2.13 2.01 3.25 3.29 3.20 3.07 2.90 2.71 2.53 4.45 4.50 4.40 4.28 4.06 3.71 3.38 6.42 6.50 6.39 6.27 6.08 5.63 4.94 TABLE III. Of I he rules at which the Company Will grant an immediate annuity of one hundred dollars, on a tin- gle life, at the uges sperijied in the Table. Tlu payments to he made annually, commencing one year after making the grant. [Sum jmid down Agce. for uurchaso of the Annuity. Rate of In- terest al- lowed. 48 $1341.90 87.45 49 1315.30 7.60 50 1300.00 7.69 51 1280.00 7.81 52. 1260.00 7.94 53' 1240.00 6.06 : 54 1220.00 8.20 , 55 1200.00 8.33 56 1175.00 8.51 57 1150.00 8.70 58 1125.00 8.89 59' 1100.00 9.09 i 60 1070.00 9.35 61 1045.00 9.57 62 1020.00 9.80 63 995.00 i t i 1 1 IV.UO 64 970.00 10.31 65 940.00 10.64 66 910.00 10.99 67 880.00 11.36 68 850.00 11.76 69 820.00 12.20 70 790.00 12.66 7} 7S0.00 12.82 72 770.00 12.99 73 760.00 13.16 74 750.00 13.33 TABLE IV. Showing the rates at which an annuity of one hundred dollars can be purchased, the first payment to be made when the party is 50 years old; the purchase money to be either in a single payment, or by annual payments, continued to the time of the first pay- ment of the annuity. Ages. | Single payment. Annual payments. | Ages. Single payment. Annual payments. Ages. Single payment. Annual payments. 10 $196.62 $10.56 |22 $338.65 $21.56 34 $601.05 $53.62 11 205.41 11.16 23 354.68 23.03 35 631.50 58.88 12 214.66 11.80 24 371.48 24.63 36 663.57 64.93 13 224.37 12.49 '25 389.10 26.37 37 697.47 71.97 14 234.56 13.23 26 407.65 28.29 38 733.33 80.26 15 245.30 14.02 27 427.10 30.40 39 771.2S 90.11 16 256.70 14.87!; 28 447.66 32.73 40 811.77 102.03 17 268.77 15.78129 469.65 35.31 41 855.36 116.70 18 281.47 16.76' 30 493.29 38.19 42 902.00 135.14 19 294.78 17.82 31 518.26 41.39 43 951.76 158.96 20 308.73 18.97i32 544.54 44.98 21 323.37 20.21,33 572.12 49.03 TABLE V. Age to which Annuity paya- 1 Age to whichlAnmiity paya- the Annuity is ble at the pro- the annuity is ble at the pro- deferred. posed age. deferred. posed age. 50 $100.00 57 $175.92 51 107.76 58 192.47 52 116.34 59 211.18 53 125.84 60 232.37 54 136.37 61 256.42 55 148.09 62 283.69 56 161.21 63 314.73 it: TABLE VI. Of the rales at which an annuity of $100 can be purchased jot a wife, in case she should survive Iter husband, the first payment to be made one year after his death ; or for a child, in case it should survive its fa/her, the first payment to commence one year after his death ; and in general for one life, in case it should survive another. AGES. Life insured. Expect- ant. 20 30 40 20 30 40 50 Single | Annual payment, j pay men l 8 429.00 357.70 288.70 216.90 20 508.80 301423.00 40338.00 50'251.20 28.46 25.06 21.89 18.54 -5 AGES. 35.65 31.06 26.63 22.12 Life insured. Expect- ant. 20-6 17.60 30515.80 40410.10 50 300.50 46.84 , o 40.64 34.25 27.66 50 a — \° 60 o 70 ^ 20 30 40 50 20 30 40 50 Single ! Annual payment, payment $ 766.30 649.50 521.00 379.90 $ 65.50 57.19 47.96 37.73 20 30 40 50 984.40 854.10 705.20 530.80 1224.60 1084.20 921.00 721.50 103.42 91.73 78.17 62.00 172.07 154.67 134.18 108.44 TABLE VII. Sum to be Sum to be Sum to be Ages. paid at the age of 21, if alive. Ages. paid at the age of 21, if alive. Ages. paid at the age of 21, if alive. Birth $376.84 5 years $210.53 13 years $144.12 3 months 344.28 6 198.83 14 137.86 6 months 331.46 7 188.83! 15 131.83 9 months 318.90 8 179.971 16 125.97 1 voar 306.58; 9 WL.fi 17 120.31 2 271.03 10 164.46 18 114.89 3 243.69 11 157.43 19 109.70 4 2-25.42 12 150.64] 20 104.74 BY-LAWS. 1. There shall be a stated meeting of the Trustees on the first Tuesday in every month, to which a report shall be made by the President of the con- cerns and business of the Company during the past month, stating particu- larly the contracts that have been made, the sums of money that have been received, and on what account, the manner in which the same shall have been invested, and the amount remaining on hand. 2. The President may call a special meeting of the Trustees whenever he shall deem it proper. He shall also call a special meeting whenever any three of the Trustees shall request him in writing to do so. Every stated or special meeting shall be called by a notice in writing to each Trustee. 3. Nine Trustees shall be a sufficient number to form a quorum for the transaction of business; but no by-law shall be adopted, nor any change or alteration made in the by-laws before established, unless at a meeting at which a majority of the whole number of Trustees shall be present, and upon a report of a Committee apointed for that purpose. 4. The President shall preside at all meetings of the Trustees. He shall be a member, ex-officio, of all Standing Committees. He shall attend the meetings of any special Committee when required by the Chairman. 6. The President and Secretary shall have power to make contracts of in- surance on life, and for granting annuities, in the name of the Company, and to execute the same; and shall also have power to receive moneys in trust, where the rate of interest to be allowed shall not exceed four per cent. 9. The following Standing Committees, to consist each of four Trustees, exclusive of the President, which Committees shall hold their offices until others are appointed in their room, shall be elected quarterly by ballot, at a meeting at which not less than a majority of the whole number of Trustees shall be present: namely, a Committee of Finance, a Committee of Invest- ments, and a Committee of Trusts. 10. The Committee of Finance shall superintend and direct all investments that shall be made of the funds of the Company, other than its capital, in stocks, and personal securities; and shall receive and audit all accounts against the Company. 11. The Committee of Investments shall superintend and direct all in- vestments that shall be made of the capital and other funds of the Company, in bonds and mortgages, or other real securities. 12. The Committee of Trusts shall have the general superintendence of all special trusts ! and no guardianship, receivership, or other special trust, shall 30 be accepted by lue 1'rctiiUeiii in beliali if the Coiuuiitiee wituout their appro bation and concurrence, nor without their approbation shall any moneys be received in trust, on which a greater interest than four per cent, shall be al- lowed. 13. The three Standing Committees shall together form a general Stand- ing Committee, whose duty it shall be to determine from time to time what funds of the Company, other than its capital, shall be invested in bonds and mortgages, and other real securities, and what foods in stocks, and other per- sonal securities. 14. Regular minutes of the proceedings and resolutions of each Committee shall be kept in books to be provided for that purpose ; and each Committee shall make a monthly report of its proceedings to the Board. 17. Separate books of transfer shall be kept, in which transfers of shares of capital stock, and of certificates of trust, where the same are assignable, shall be entered by the person entitled to make such transfer, or his special attorney ; but in every such transfer the certificate before issued shall be do livercd up. and a new certificate or certificates shall be issued. FORMS OF THE BLANKS USED BY THE COMPANY. No. t. Particulars required from Persons proposing to effect Assurances on lives in this Company. 1. Name, Residence, and Occupation of the Party, on whose behalf the Assurance is proposed. 2. Name, Residence, and Occupation, 1 of the Party whose life is proposed > to be Assured. ) 3. Place and date of Birth. 4. Age next Birth-day. 5. Is the Party, whose Lile is to be > Assured, Married or Single ? \ 6. Has the Party resided abroad, and > if so, where, and for what period ? \ 7. Has the Party been, or is he, em- ) ployed in the Military or Naval v service ? ) 8. Has the Party had the Small Pox ? 9. Has the Party had the Cow Pox ? 10. Has the Party had the Gout ? 11. Has the Party been afflicted, since " his childhood, with Rupture, Fits, 1 Dropsy, Asthma, or Spitting of | Blood, and which ? 12. Has the Party been afflicted, during the last seven years, i any severe or constitutional ease, and what ? dieted, -v s, with ( al dis- / 13. Is the Party now afflicted with any ) disease or disorder, and what ? f 14. Name and residence of the Par- ty's usual Medical Attendant, or (if he have none) of some other Medical Person, to be referred to for Information, as to his health. 32 15. Name and Residence of an inti- i mate Friend, to br referred to for i similar Information. \ 16. Sum to be Assured. $ 17. Term for which the Assurance is i required. r 18. Ib the Party aware, that any un-") true or fraudulent allegation, j made in effecting the proposed I Assurance, will render the Policy J void, and that all payments of | Premium, made thereon, will be | forfeited ? j N. B. Peraeoi proposing an Awurance, are desired to anjwer all the questions; to fill up one of the declaration*, and le affix their Signature* in the presence of a YVitneaa, previou* to tratiamuaioa to this office. Declaration to be made and signedby a Person proposing to make an Assurance on his oven Life. Ii , of , in the County of , in the State of r the Person described on the other side, being desirous of effecting an Assu- rance with the New-York Life Insurance and Trust Company, in the sum of Dollars, upon my own Life, during the* , do hereby declare, that ray age, next Birth-day, will be Years : That I have had the Small Pox : That 1 have had the Cow Pox : That I have had the Gout : That I have not been afflicted with Rupture, Fits, Dropsy, Asthma, or Spitting of Blood ; and that I am not now afflicted with any Dis- order that tends to the shortening of Life. And I hereby agree that this declaration shall he the basis of the Contract between myself and the said Company : And if any untrue or fraudulent allegation is contained in this Declaration, all Moneys which shall have been paid to the Company on ac- count of t he Assurance to be made in consequence thereof, shall be forfeited for the benefit of the said Company. And I do hereby further declare, that —— , of , my Medical Referee,and , of , my private Friend, are, in my belief, fully competent to give information as to my present and general state of health. Dated this day of , in the year of our Lord one thousand eight hundred and . « Witness, Signed, Declaration to be made and signed by a Person proposing to make an Assurance f on the Life of another. I, ,of , in the County of ,in the State of— , one of the Persons named on the other side, being desirous of effecting an Assurance with the JVew- York Life Insurance and Trust Company, in the 6um of Dollars, upon the Life of , of ., in the County of ,in the State of , the other person described on the otrrcr side, during the* , do hereby declare, that the a^e of the said , next Birth-day, will be Years : That he has had the Small Pox : Whole cominnar.ee thereof. Or. term of Yean. . That lie has 1 — had the Cow Pox: That he lias hatl the Gout: And that he has not been afflicted with Rupture, Fits, Dropsy, Asthma, or Spit- ting of Blood ; and that he is not now afflicted with any Disorder which tends to the shortening of Life. And that I have an interest in the Life of the said , to the full amount of the said sum of Dollars. And I hereby agree that this declaration shall be the basis of the Contract between myself and the said company : And if any untrue or fraudulent allegation is contained in this Declaration, all Moneys which shall have been paid to the said company, on account of the Assurance made in consequence thereof, shall be forfeited for the benefit of the said Company. And I do hereby further declare, that , of , the Medical Referee, and , of , are, in my belief, fully competent to give informations as to the present and general state of health of the said — . Dated this day of , in the year of our Lord one thousand eight hundred and . Witness, Signed. No. 2. Proposal for the purchase of an immediate or deferred Annuity, Endoioment, or deferred Sum. Date — The day of 18 Name and Residence of the Purchaser — Whether immediate or deferred Annu- ity, Endowment, or deferred Sum, is proposed to be purchased, with the amount thereof. Name, Occupation, Residence, Place, and Date of birth, of the Party on whose Life the transaction is con- tingent. In case of deferred Annuity or deferred Sum, the Age at which the Annuity is to be entered upon, or at which the Sum is to be received. Amount of Consideration, exclusive of' expenses, and whether by single or ' annual Premium. ' DECLARATION OF AGE, TO BE SIGNED BY THE PURCHASER. I, , do hereby declare that the present age of ~ the above named* ; and this declaration is the basis of the Contract above proposed to be entered into between me and the New- York * In purchasing an immediate Annuity, the Declaration is to act forth that the age is not under so many yean ; and in deferred Annuity, Endowment, or deferred Sum, that the age does not erctrd so irmnv vears or months. 5 .31 Life Insurame and Truti Company, and eh (lie truth thereof the vahdifv of such Contract will depend. l)at»d tine dav of———, in the year of our Lord one thousand eight hundred und . Witness. No. 3. This Policy of Insurance witnessclh, that I ho J\"nc-York Life Insurance u>ui T rtul Cj, in consideration of the sum of dollars and cents, to thein in hand paid by . and of the annual premium of dollars and cents, to be paid on or before the day of in every year during the continuance of this Policy, do assure the Life of , of , in the county of , state of———, in the amount of dollars, And the said Company do hereby promise and agree, to and with the said assured, executors, administrators, arid assigns, well and truly to pay, or cause to be paid, the said sum insured, to the said assured, executors, administrators, or assigns, within sixty days after due notice, and proof of the death of the said . Provided always, and it is hereby declared to be the true intent and meaning of this Policy, and the same is accepted by the assured upon these express conditions, that in case the said shall die upon the seas, or on any of the great lakes, or shall, without the consent of this Company previously obtained, and endorsed upon this Policy, pass beyond the settled limits of the United States, (excepting into the settled limits of the British Provinces of the two Canadas, Nova Scotia, or New-Brunswick, )or shall, without such previous consent thus endorsed, visit those parts of the United States which lie south of the southern boundaries of the states of Virginia and Kentucky; or shall, without such previous consent thus endorsed, enter into any military or naval service whatsoever, (the militia not in actual service excepted ;) or in case he shall die by his own hand, in, or in consequence of a duel, or by the hands of justice, or in the known violation of any law of these states, or of the United States, or of the said Provinces, this Policy 6hall be void, null, and of no effect. And it is also understood and agreed to be the true intent and meaning hereof, that if the declaration made by the said , and bearing even date herewith, and upon the faith of which this agreement is made, shall be found in any respect untrue, then and in such case this policy shall be null and void : or in case the said shall not pay the said annual premiums on or before the several days herein before mentioned for the pay- ment thereof, then and in every such case the said Company shall not be liable to the payment of the sum insured, or any part thereof, and this policy shall cease and determine. And it is further agreed, that in every case where this policy shall cease, or become or be found void, all previous payments made thereon shall be forfeited to the said Company. In witness whereof, the said New- York Life Insurance and Trust Company have, by their President and Secretary, signed and delivered this Contract, this day of . one thousand eight hundred and . This Policy of Insurance witnessetli, that the New-York Life Insurance and Trust Company, in consideration of the sum of dollars and cents to them in hand paid by , and of the annual premium of dollars and cents, to be paid on or before the day of in every year during the continuance of this Policy, do assure the Life of , in the county of , state of , in the amount of dollars, , in which sum the said assured claims to be inte- rested hi the life of the said . And the said Company do hereby promise and agree, to and with the said assured, executors, administrators, and assigns, well and truly to pay, or cause to be paid, the said sum insured, to the said assured, executors, administrators, or assigns, within sixty days after due notice, and proof of the death of said ,and of the interest and loss of the said as- sured . Provided always, and it is hereby declared to be the true intent and meaning of this policy, and the same is accepted by the assured upon these express conditions, that in case the said shall die upon the seas, or in any of the great lakes, or shall, without the consent of this Com- pany previously obtained, and endorsed upon this Policy, pass beyond the settled limits of the United States, (excepting into the settled limits of the British Provinces of the two Canadas, Nova Scotia, or New-Brunswick,) or shall, without such previous consent thus endorsed, visit those parts of the United States which lie south of the southern boundaries of the states of Virginia and Kentucky; or shall, without such previous consent thus endor- sed, enter into any military or iiavuhaHatfce whatsoever, (the militia not in actual service excepted;) or in case l^Pnall die by his own hand, in, or in consequence of a duel, or by the hands of justice, or in the known violation of any law of these states, or of the United States, or of the said Provinces, this Policy shall be void, and null, of no effect. And it is also understood and agreed to be the true intent and meaning hereof, that if the declaration made by the said , and bearing even date herewith, and upon the faith of which this agreement is made, shall be found in any respect untrue, then and in such case this Policy shall be null and void : or in case the said shall not pay the said annual pre- miums on or before the several days herein belbre mentioned for the payment thereof, then and in every such case the said Company shall not be liable to the payment of the 6um insured, or any part thereof ; and this Policy shall cease and determine. And it is further agreed, that in every case where this Policy shall cease, or become or be found void, all previous payments made thereon shall be forfeit- ed to the said Company. In witness whereof, the said New-York Life Insurance and Trust Company have, by their President and Secretary, signed and delivered this contract, this day of , one thousand eight hundred and . No. 5. DEFERRED ANNUITY IN TRUST. (male.) The New-York Life Insurance and Trust Company acknowledge to have re- ceived of-— the principal sum of — — , upon the following irrevo- 36 ( able Trust : That the said company, as the Trustees of , a Donor now the age of f shall and will accumulate the said principal sum, by al- lowing compound interest thereon, at the annual rate of per cent, un- til the day of , in the year of our Lord one thousand eight hundred and , if the sail shall so long live ; or until shall at- tain I he age of years, if he so long live : And from and after the day last mentioned, the said principal sum. and the interest so compounded, shall be added together as a new capital, on which the said Company, as the Trustee! of the said . shall and will allow and pay to him, yearly and every year during his natural lite, an Annuity of ,in equal payment* of each, to be made on the day of , and , in each year. And the said annuity being intended for the sole and separate use of the said , it is hereby declared not to be assignable by him, in whole or in part, nor in any manner to be liable for his debts. And each payment is to be made on his separate receipt , dated on or subsequent to the several days on which the several payments shall fall due. And it is further declared, That if the said shall die before the day on which the said Annuity is to commence, the said Company shall and will, within days alter proof of such decease, pay the said principal sum, with interest thereon, at the annual rate of per cent, to . And it is further declared, that if the said shall die after the day from which the said Annuity is to commence, the said Company, within days after proof of such decease, shall and will pay the said new capital so formed as aforesaid, together with such arrears of the Annuity a6 shall have accrued at the time of such decease, to . In witness whereof, the JW w- Work Life Insurance and Trust Company have, by their President and Sivreta ry, duly empowered for this purpose, signed and delivered this contract, this day of , one thousand eight hundred and No. 6. DEFERRED ANNUITY IN TRUST (female.) The New-York Life Insurance and Trust Company acknoxvledge to have received of the principal sum of , upon the following irrevocable Trust: That the said Company, as the Trustees of , a minor now of the age of , shall and will accumulate the said princi- pal sum, by allowing compound interest thereon at the annual rate of per cent, until the day of , in the year of our Lord one thou- sand eight hundred and , if the said shall so long live ; or until shall attain the age of years, if she so long live : And from and after the day last mentioned, the said principal sum, and the interest so compounded, shall be added together as a new capital, on which the said Company, as the Trustees of the said , 6hall and will allow and pay to her yearly, and every year during her natural life, an Annuity , in equal payments of each, to be made on the day of and , in each year. And the said Annuity being intended for the sole and separate use of the said , it is hereby declared not to be assignable by her in whole or in part, nor in any manner to be liable for her debts, nor to the debts, interference, or control, of any present or future husband of the said . And each pay- rnent is to be made trti her separate receipt, dated on or subsequent to the several days on which the several payments shall fall due. And it is further declared, That if the said shall die before the day on which the said Annuity is to commence, the said Company shall and will, within days after proof of such decease, pay the said principal sum, with interest thereon, at the annual rate of per cent, to And it is further declared, That if the said shall die after the day from which the said Annuity is to commence, the said Company, within days alter proof of such decease, shall and will pay the said new capi- tal so formed as aforesaid, together with such arrears of the Annuity as shall have accrued at the time of such decease, to In witness whereof, the New -York Life Insurance and Trust Company have, by their President and Secretary, duly empowered for this purpose, signed and delivered this contract, this day of , one thousand eight hundred and . No. 7. ANNUITY. The New- York Life Insurance and Trust Company, in consideration of dollars, cents, to them in hand paid by , of , in the state of , for the purchase of an Annuity on the life of , of , in the state of , the same being provided by the said , for the said , do hereby promise and agree to and with the said , executors, administrators, or assigns, that they will yearly, and every year, during the natural life of the said , pay or cause to be paid, on demand, at their office in New- York, to the said , the sum of dollars, in payments, on the days of in each and every year during the natural life of the said , the first payment to be made on the — day of next. And it is understood and agreed, that this Annuity is granted upon the declaration signed by the said , and deposited with the Company, stating that the said was born on the day of , one thou- sand hundred and , and that if the said declaration is not true, then these presents shall be void, and the said consideration shall be retained by the said Company to their use. In witness whereof, the said New-York Life Insurance and Trust Com- pany have, by their President and Secretary, duly empowered for this pur- pose, signed and delivered this contract, this day of , one thousand eight hundred and . No. 8. TRUST OF ACCUMULATION. The New- York Life Insurance and Trust Company acknowledge to have received of ,the principal sum of , upon the following Trust : That the said Company, as the Trustees of , a minor of the age of .shall and will accumulate the so id principal sum for the benefit of the Mid minor, by allowing Compound Interest Uiereou,« the rait of per cent, annually ; such accumulation to cease when the mud minor shall have attained the age of twenty-one years ; and the whole sum, principal and interest, so accumulated, to be paid to the said _ , within days thereafter. And if the said minor shall die be- fore shall attain the age of twenty-one years, it is further declared, that the said Company shall and will pay the said principal sum, together with interest thereon, at the rate of percent, annually, within sixty days after proof of decease to In witness whereof, the said Company have caused this declaration to be attested in their behalf by their President and Secretary, this day of in the year of our Lord one thousand eight hundred and . No. 9. AN ANNUITY IN TRUST. (S. Male.) The JVcw-York Life Insurance and Trust Company acknowledge to have received of , the principal sum of , upon the following Trust : That the 6aid Company, as the Trustees of , shall and will, yearly and every year, during the natural life of the said , pay to him an annuity of , in equal payments of each, to be made on the days of , in each year, and the first paymeDt to be made on the day of next. And the said annuity being intended for the sole and separate use of the said , it is hereby declared not to be assignable by him in whole or in part, nor in any manner to be liable for his debts. And each payment is to be made on his receipt, dated on or subsequent to the several days on which the several payments shall fall due. And it is further declared, That within sixty days after proof of the decease of the 6aid , the said Company shall and will pay the said principal sum of , and all interest due thereon at the time of the death of the said , to . In witness whereof, the said Company have caused this Declaration of Trust to be attested in their behalf, by their President and Secretary, this day of , in the year of our Lord one thousand eight hundred and . No. 10. AN ANNUITY IN TRUST. (S. Female.) The JVew-York Life Insurance and Trust Company acknowledge to have received of the principal sum of upon the following irrevocable Trust: That the said Company, as the Trustees of — — , shall and will, yearly and every year, during the natural life of the said , pay to ht?r an annuity of , in equal payments of each, to be made on the days of in each year, and the first payment to be made on the day of next. And the said annuity being intended for the sole and separate use of the said — — — — ,it is hereby declared not to be assignable by her in whole or in part, nor in any manner to be liable for her debts, nor to the debts, interference, or control of any present or future husband of the said . . And 39 each payment is to be made on her separate receipt, dated on or subsequent to the several days on which the several payments shall fall due. And it is further declared, that within Bixty days after proof of the de- cease of the said — 1 > the said Company shall and will pay the said principal sum of , and all interest due thereon at the time of the death of the said , to In witness whereof, the said Company have caused this declaration of trust to be attested in their behalf, by their President and Secretary, this dav of in the year of our Lord one thousand eight hundred and No. 11. CERTIFICATE OF TRUST. These may certify, that has deposited with the New-York Life Insurance and Trust Company, the sum of , for the period of , commencing on , and ending on , and irredeemable for that period ; interest to be paid thereon by the said Company half yearly, at their Office in the City of New-York, at the rate of per cent, an- nually to the said , or special attorney or legal repre- sentatives. At the end of the time of deposite, the said principal sum, with the interest then due, to be paid to the said , or special attorney, representatives, or assigns. This Certificate is assignable only on the books of the Company. In witness whereof, the said Company have caused this Certificate of Trust to be attested in their behalf by their President and Secretary, this day of , in the year of our Lord one thousand eight hundred and . No. 12. DEPOSIT IN TRUST. These may certify, that the New-York Life Insurance and Trust Company have received of the sum of , in Trust ; that the said Com- pany will retain the same, and allow interest thereon at the annual rate of per cent, for the term of months from the date of this Certificate ; and at the expiration of that period, will repay the same, with the interest accrued thereon, to the said , — personal representatives, or as- signs. This Certificate is assignable only on the books of the Company. Extract from the regulations of the Company, subject to which the above Cer- tificate is given . All moneys deposited in Trust for a shorter term than one year, shall be deposited for a certain number of months, not less, in any ense, than two months from the date of the deposit. In all cases where the moneys deposited shall not be withdrawn at the expiration of the term of deposit, they shall remain with the Company for another period of not less than thirty days, and be allowed the same interest as if originally deposited fur the extended period. Where moneys so deposited for a period less than a year shall have remained in deposit for sixty days, the same may be withdrawn at any time thereafter, and before the period for which tbo deposit was originally ma.de. hut in such cases no interest will be paid on such deposit. .].- Letters on business must be addressed to William Bard, President of the New-York Life Insurance and Trust Company — postage paid. The hours of business will be from 10 A. M. to 3 P. M.