Show arm LIFE INSURED FOR A M MILLION L l e b rj 2 Frank H Peavy of 01 Minneapolis Carries a Policy for tor 5 5 That Amount p 2 Frank II Peavy the elevator king of ot Minneapolis has had hall his life lito Insured for The annual pro pre premium Is This Is ts the largest annual premium e policy halleY In the world It Ills Is tho time largest premi premium um inn paid pAlli upon a II single life Ufe by y any man manIn manin In the world One company compan retains the whole enormous policy No other company In tho the world has hns taken such sucha a single risk Mr Ir Pea Is now a n man 50 GO years rears of ot ota age a e In tho the natural order of events he should live to be threescore and antI ten If It he reaches the Biblical limit he will have paid patti to the time Insurance com corn company company pany party or within of the amount of his Insurance If It he ho should overstep the tile limit by one year ear his pre premiums premiums will wiil exceed tho the principal by h 16 And nIl If he should enjoy the bless blessings ings tugs of ot good health anti and reach the cen century tury tUr mark he would have paid for lor his policy something like moro more than It was worth I All 11 of at which Is not Improbable It ssell Sage Sie Is la more than 84 54 years rears of at age by b five months If It ho lie hind had taken out a n poli policy p lI lIc cy c when ho he was EO IG he would by this time have paid for It und and the some saute premium In round figures On the other hand hanel the Insurance company appreciates the nature of the risk On one point It U has n a II certainty It can rely upon the fact that the tIne In Insured Insured scrod will vill take the best possible care of his health Mr Ir Peavy enjoys life lite surrounded as he lie Is I by y every luxury and an will do tb everything In his power to draw every year over from his bank account When he took out his policy on the of April last he was pronounced after lifter a rigid examination Physically sound Tho Time company there ther therefore therefore fore tore has an nn exceedingly good chance of ot earning an Lii average percentage on hM his payments fur for or ninny yea reali IB There Is la but one other life insurance III existence It was vas Issued by Ii the name Ramo company to George Georgev W v Just previous to his marriage In 1898 1896 to Miss I Dresser The Tha Vanderbilt policy polley however WOe was immediately parceled out among amon a ii 1 number of companies the tho In InI I company retaining only one I half holf of then the total amount The Tho premium pr on the policy Is a n year It differs also from the Peavy Teavy policy Inasmuch as the payments cease at nt the end of twenty tent years The Vanderbilt policy was Wall peculiar In that It was ws not secured through a gen mil agent Mr r visited the In person and paid his Hist annual premium of to the tho thoI I The company staved saved nil all agents commissions commissIon on the policy The Time testimony of large Insurance companies Is I to the effect that the fin tin financial ancial transactions Involved In taking risks rl on human life lito are every year as al summIng Miming larger proportions Where po policies of ot and were the lie urn lim limit it a II few yearn ago it Is not unusual now how to write policies of fifty times that amount With time the Increase of their th lr lrI I surplus the great greot companies have In Iii Increased InI I creased the amounts of their single risks live Five 1 lve years from today policies may amy have become ordinary In Insurance transactions Then In all probability pro n bill t a 1 policy volley will bo he written with II as us the annual premium |