INCONTESTABILITY.-After two years from its date this policy shall be incontestable, except for non-payment of premiums.

REINSTATEMENT.-This policy, if not theretofore surrendered, may be reinstated at any time within three years after default in the payment of a premium or premium note, upon evidence of insurability satisfactory to the company and payment of all arrears of premiums and other indebtedness with interest thereon at the rate of six per centum per annum.

GENERAL PROVISIONS.-(1) This policy is issued in consideration of the application therefor, which hereby is made a part of the contract and a copy of which is hereto annexed. The policy and application constitute the entire contract between the parties thereto. No person in behalf of the company, except its president, vice-president or secretary, is or will be authorized to make, alter or discharge this contract or any provision thereof. (2) All statements made by the insured in his application shall, in the absence of fraud, be deemed representations and not warranties. (3) Every assignment of this policy shall be executed in duplicate and one of the duplicate copies shall be filed with the company at its home office. The company assumes no responsibility for the validity of any assignment. (4) In any settlement of this policy as a death claim, the company shall be entitled to deduct any indebtedness owing to it upon the policy, and any unpaid portion of the premium for the full policy year current at the date of the death of the insured; and it shall be entitled to set off against any sum due by it any sum owing to it by the holder of the policy or the insured, whether due or not due. (5) If the age of the insured be misstated herein, this insurance shall be of such amount only as the premium paid would have purchased at the true age, and under the same table of rates.

PREMIUMS. (1) This policy is issued in consideration of the payment at or before its delivery of a premium of Three hundred nine dollars for one year's term insurance beginning with the date below mentioned and in consideration of the payment in advance on or before the first day of each July of a renewal premium of three hundred nine dollars, until the premiums for twenty full years shall been paid. (2) All premiums are payable at the company's home office in Amarillo, Texas, but may be paid elsewhere to a duly authorized agent in exchange for the company's receipt signed by its president or secretary and countersigned by the agent designated. (3) The company will accept payment of any premium within one calendar month after the date of its maturity as specified in the policy, subject to an interest charge at the rate of six per centum, and during such month of grace the policy shall remain in force. (4) Failure to pay any premium, or any note given for any premium, in full within the time allowed for such payment by the policy or the note, shall cause all insurance hereunder to cease and determine ipso facto and immediately, save as herein otherwise provided.

In testimony whereof, The Amarillo National Life Insurance Company has caused this policy to be signed in its behalf by its president and its secretary, at its office in Amarillo, Texas, as of the first day of July, 1913.

IMMEDIATE PAYMENT COUPON.-The Amarillo National Life Insurance Company, of Amarillo, Texas, will pay to the holder of its policy No. 9,999 the sum of two hundred dollars, upon presentation of this coupon after the death of the person insured under said policy while the same is in force for its full amount; provided this coupon shall be accompanied by an affidavit stating the fact of the death of the insured and the time, place and cause thereof; such affidavit to be duly executed by the holder of the policy and by any reputable physician, postmaster, or president or cashier of an incorporated bank, residing in the county in which the insured died. Such payment shall apply upon account of any sum payable under said policy and shall be made and accepted without prejudice to the company's right to contest its further liability under said policy.

AGREEMENT IN APPLICATION.

In behalf of myself and of every person who shall have or claim any interest in any policy issued in consequence of this application, I hereby represent and agree: (1) That all statements and answers contained in either section of this application are full, complete and true as therein written; (2) that this application comprising two sections, and the policy or policies issued in consequence thereof, shall constitute the entire contract of insurance, and the company shall not be bound in any way by any promise or statement made by or to any agent or other person, unless such promise, statement or information be reduced to writing and submitted to the company in this application; (3) that no policy issued in consequence of this application shall go into effect until it shall be actually delivered to me, and the first premium thereon shall be actually paid to the company. all during my life and good health, but when the policy shall be so delivered and paid for it shall relate back to its date and the first insurance year shall begin with the date of the policy; (4) that all provisions of law prohibiting or exempting physicians and surgeons from testifying or disclosing information are waived in favor of the company; (5) that I will not die within the first two insurance years from self-destruction, sane or insane.

American Bankers Insurance Company.

HEAD OFFICE, CHICAGO, ILL.

Commenced Business 1910. ERNEST W. SPICER, Pres. JAMES P. WHEDON, Sec.

ANNUAL PREMIUM RATES PER $1000 (Non-Participating).

American Bankers Insurance Company.

TWENTY-PAYMENT LIFE POLICY-NON-PARTICIPATING.

AMOUNT, $10,000.

ANNUAL PREMIUM, $300.

AGE, $35. The American Bankers Insurance Company, Chicago, Ill., in consideration of the application for this insurance, and of the annual premium of three hundred dollars in exchange for a receipt signed by the President or Secretary and countersigned by an authorized agent of the company, the first year's premium being for term insurance, and to be paid on the delivery of this contract, and of the payment of a like amount on the first day of January in each year until twenty full years' premiums shall have been paid, or until the prior death of the insured. Promises to pay immediately, upon receipt at the home office of the company in Chicago, Ill., of due proof of the death of Harry S. Wisdom, of Chicago, County of Cook, State of Illinois, herein called the insured to Mary E. Wisdom (wife) beneficiary, with right of revocation, ten thousand dollars, less any indebtedness hereon to the company and any unpaid portion of the premium for the then current policy year.

By this certificate the American Bankers Insurance Company guarantees to pay the beneficiary under the policy No. 000, issued by said company, the sum of one hundred dollars immediately upon receipt of this certificate, in the event of the death of the insured while said policy is in force; provided said certificate is accompanied by an affidavit, stating the fact of the death of the insured thereunder, and the time, place and cause thereof, duly executed by said beneficiary and by the judge or clerk of any court of record of the county in which the insured resided at the time of his death, or by any reputable physician, clergyman or postmaster residing in said county. The said payment shall apply on account of any amount due under said policy and, being made in advance of the receipt of the customary detailed proofs of death satisfactory to the company, is made and accepted without any admission by the company of its liability against said policy.

This policy is absolutely free from conditions or restrictions as to residence, occupation, travel or place of death, from the date of its issue. Neither a permit nor extra premium will be required for military or naval service in time of war, or in time of peace.

PRIVILEGES, BENEFITS AND PROVISIONS.

CHANGE OF BENEFICIARY.-When the right of revocation has been reserved, or in case of death of any beneficiary under either a revocable or irrevocable designation, the insured, subject to any existing assignment of the policy, may designate a new beneficiary with or without reserving right of revocation, by filing written notice thereof at the home office of the company, accompanied by the policy for a suitable endorsement thereon. Such change to take effect upon the endorsement of the same on the policy by the company and not before. If any beneficiary shall die before the insured and the insured shall not have designated a new beneficiary, the interest of such beneficiary shall be payable to the executors, administrators or assigns of the insured.

PAYMENT OF PREMIUMS.-The company will accept payment of premiums at other times than as stated above, as follows: One hundred and fifty-six dollars on the first day of January and July; or seventy-nine and 50/100 dollars on the first day of January, April, July and October, except as herein provided the payment of a premium or instalment thereof shall not maintain the policy in force beyond the date when the next premium or instalment thereof is payable. If any premium or any part of a premium hereon, or any check, note or other obligation given in settlement of any premium or any part of a premium hereon, be not paid when due, this contract and all rights based thereon, without action on the part of the company, shall immediately terminate, except as to the right to cash surrender value, paid-up or continued insurance as provided on the second page hereof. All premiums are payable in advance at the home office, or to an agent of the company upon the delivery of a receipt signed by the president or secretary, and countersigned by said agent. A grace of thirty-one days subject to an interest charge at the rate of five per cent per annum shall be granted for the payment of every premium after the first, during which time the insurance shall continue in force. If the insured shall die during the period of grace, the overdue premium will be deducted from any amount payable hereon in any settlement hereunder.

CONDITIONS.-The insured is privileged to travel or reside in any part of the world, and may engage in any occupation. This policy does not insure against the death of the insured caused by self-destruction, while sane or insane, during the first year from the date hereof.

INCONTESTABILITY.-This policy, together with the application for this insurance, a copy of which application is hereto attached, constitutes the entire contract between the parties and shall be incontestable from its date except for non-payment of premiums and except as otherwise provided in this policy. All statements made by the insured shall, in the absence of fraud, be deemed representations and not warranties, and no such statement shall avoid this policy unless it is contained in a written application and copy of such application be attached to this policy when issued. If the age of the insured has been misstated, the amount payable hereunder shall be such as the premium paid would have purchased at the correct age.

LOANS. At any time after three full years' premiums have been paid and while this policy is in force, the company will loan on the execution of a proper loan agreement and on proper assignment and delivery of this policy and on the sole security hereof, an amount which, with interest thereon to the end of the then current policy year, shall be equal to, or at the option of the owner less than the cash value at the end of said year, as shown in the table below; any existing loan hereon with accrued interest, and any unpaid portion of the premium for the then current policy year shall be paid out of such loan. Said cash value shall be equal to the reserve under this policy at the end of said year, computed according to the American Experience Table of Mortality with interest at the rate of three and one-half per cent per annum, less a surrender charge which shall not be greater than two and one-half per cent of the amount insured by this policy. Interest on the loan will be at the rate of five per cent per annum, payable at the beginning of each policy year, and this interest, if not paid annually, shall be added to the existing loan and shall bear interest at the same rate. Failure to repay any such loan or to pay interest shall not avoid this policy unless the total indebtedness hereon to the company shall equal or exceed the cash value at the time of such failure, nor until thirty-one days after notice shall have been mailed by the company to the last known address of the insured and of the assignee of record, if any, at the home office of the company. ASSIGNMENT.-No assignment of this policy shall be binding upon the company unti it is filed with the company at its home office. The company assumes no responsibility as to the validity of any assignment.

NON-FORFEITURE PROVISIONS.

OPTIONS ON SURRENDER OR LAPSE.-After this policy shall have been in force three full years, within three months after any default in the payment of premiums, the owner shall, if there be no indebtedness hereon, be entitled to either:

(A) CASH VALUE.-To receive the cash value of this policy as stated in column (a) of the table of loan and surrender values shown below upon legal surrender hereof to the company at its home office; or

(B) EXTENDED INSURANCE.-To have the policy continued in force from the due date of the premium on which the payment has not been made, without the right to loans, for its face amount, for the period of time as stated in column (b) of the table of loan and surrender values shown below; or

(C) PAID-UP INSURANCE.-To have the policy reissued as non-participating paid-up insurance, payable at the same time and on the same conditions as this policy, for an amount in accordance with column (c) of the table of loan and surrender values as shown below.

Value of each of said options shall be equal to the reserve on this policy at date of default computed according to the American Experience Table of Mortality with interest at three and one-half per cent, without the deduction therefrom of any surrender charge, and said cash value shall be at least equal to the sum, which would be the purchase price of insurance under option (b).

If the owner shall not, within three months from default, surrender this policy to the company at its home office for a cash surrender value or paid-up insurance as provided in options (a) and (c) the insurance will be automatically continued as provided in option (b).

If there be any indebtedness hereon, the cash surrender value will be reduced by the amount of such indebtedness with accrued interest to date of default, the term of extended insurance will be reduced to such period of time as will result from applying the cash surrender value less the indebtedmess with accrued interest to date of default, as a single premium at the attained age of the insured for the purchase of term insurance at net single premium rates for term insurance on the American Experience Table at three and one-half per cent, and the amount of paid-up insurance will be reduced in the same proportion as the indebtedness with accrued interest to date of default bears to the cash surrender value.

SURRENDER VALUES. will be increased proportionately for payment of instalments On annual premiums. Surrender values for years not given in the above table shall be equal to the full reserve on the policy on the American Experience Table at three and one-half per cent interest without the deduction of any surrender charge.

REINSTATEMENT.-This policy may be reinstated at any time within three years from the date of any default in the payment of premium, upon furnishing evidence of insurability satisfactory to the company, and the payment of all overdue premiums and any other indebtedness to the company upon said policy with interest at a rate not exceeding five per cent per annum

GUARANTEED OPTIONS AT MATURITY.

OPTIONS AT MATURITY.-The insured, by written notice to the company at its home office, and with the written consent of the assignee and irrevocable beneficiary, if any, may elect to have the net sum payable under this policy paid either in cash or as follows: (1) By the payment of interest thereon at three per cent per annum, payable annually to the payee under this policy at the end of each year during the life of the payee and by the payment upon the death of the payee of the said net sum and accrued interest to the executors, administrators, or assigns of the payee, unless otherwise directed in said notice. (2) By the payment of equal annual instalments for a specified number of years, the first instalment being payable immediately in accordance with the following table for each thousand dollars of said net sum. (3) By the payment of equal annual instalments payable at the beginning of each year for a fixed period of twenty years and for so many years longer as the payee shall survive, in accordance with the following table for each thousand dollars of said net sum. Instalments payable under Options 2 or 3 which shall not have been paid prior to the death of the payee, shall be paid, unless otherwise directed in said notice, to the executors, administrators, or assigns of the payee. If the insured shall not have directed otherwise the beneficiary may, after the death of the insured, by like written notice, and with the written consent of the assignee, if any, select either of the above options. Unless otherwise specified by the insured, the payee may, on any interest date, receive the amount yet due under Option 1, and may, at any time, receive the commuted value of payments yet to be made, computed upon same basis as Option 2 in the following table, provided that no such commutation will be made under Option 3 except after the death of the payee occurring within the aforesaid twenty TABLE OF INSTALMENTS FOR EACH $1,000.

years.

No condition, provision or privilege of this policy can be waived or modified in any case except by an indorsement hereon signed by the president, one of the vice-presidents, the secretary or the assistant secretary whose authority will not be delegated. No agent has power to make, alter or discharge this or any other contract in relation to the matter of this insurance, to extend the time for payment of premiums, to waive any forfeiture hereof or to bind the company by making any promise, or making or receiving any representation or information.

DECLARATION IN APPLICATION.

I hereby declare that all the statements and answers to the above questions are complete and true, that I am in sound health, and to the best of my knowledge and belief a proper subject for life insurance. I agree that the foregoing, together with this declaration, as well as the statements and answers made or to be made to the company's medical examiner in the examination which I hereby agree to take, shall constitute the application and become a part of the contract of insurance hereby applied for. I further agree that in case of suicide, committed while sane or insane, within one year from the date of the contract issued hereon, the limit of recovery thereunder shall be the premiums paid; and I further agree that the policy herein applied for shall be accepted subject to the privileges and provisions therein contained, and said policy shall not take effect until the same shall be issued and delivered and the first premium paid thereon in full while I am in good health.