National Geographic : 1940 May
What Life Insurance Plan for the man who wants to assure his wife the comforts she has today? To men like Burns Lee, the important thing in con sidering life insurance is to obtain the maximum permanentprotection, at low cost. For such men, The Prudential has developed an improved form of "whole-life" policy called the Modified 3. Q: What is a Modified 3 Policy? A: It is a Prudential policy offering permanent pro tection in amounts of $5,000 or more, and with a "modified" premium arrangement. Q: How are the premiums "Modified"? A: The premium for the first three years is set 15% lower than the premium for later years. Q: What is the advantage of lowering the premi ums for the first three years? A: Low-cost protection right from the start. After three years, when the premium increases, what ever dividends are credited to the policy may be used to offset the increase. Thus the net cost remains at all times as low as possible consistent with safety. Q: What makes the Prudential Modified 3 a "whole-life" policy? The Prudential HOME OFFICE: NEWARK, N. J. A: Premiums are payable during the entire lifetime of the insured, and the insurance is payable to the beneficiary whenever death occurs. Q: If at any time it is impossible to pay premi ums, does the insurance cease? A: Not necessarily. When premiums are discon tinued, any value in the policy is used to provide extended insurance, but only for a limited period. Furthermore, at any time after three years' pre miums have been paid, the insured can exchange his policy for a fully paid-up policy of a reduced amount. Q: Does the Modified 3 Policy have a cash value? A: Yes, after three years' premiums have been paid, as shown in the policy. The Modified 3 Policy is one of many Prudential policies. There's a Prudential policy to fit every life insurance need and a premium-payment plan to fit every purse. For further information on how The Prudential can help you solve your individual life insurance problem, see your local Prudential repre sentative, or write the Home Office. / . l INSURANCE COMPANY OF AMERICA "Mention the Geographic-It identifies you."