Thank you for visiting SNEWPapers!
Sign up free
Story
April 10, 1897
Daily Public Ledger
Maysville, Mason County, Kentucky
What is this article about?
In San Francisco on April 10, Mrs. Leland Stanford signed the largest life insurance policy ever for $1,000,000, issued by a New York company, with annual premiums of $170,000 benefiting Leland Stanford Jr. University upon her death, potentially doubling to $2,000,000 after ten years.
Clipping
OCR Quality
98%
Excellent
Full Text
Largest Policy Ever Issued.
San Francisco, April 10.—Mrs. Leland Stanford Friday signed the contract by which her life is insured for $1,000,000. The policy, which is said to be the largest ever issued, was written by a New York company. By the terms of the contract Mrs. Stanford is to pay an annual premium of $170,000 and upon her death $1,000,000 will be paid by the company to the Leland Stanford Jr. University. Should she live ten years and continue her annual payment of premiums the university will receive at her death $2,000,000 instead of $1,000,000.
San Francisco, April 10.—Mrs. Leland Stanford Friday signed the contract by which her life is insured for $1,000,000. The policy, which is said to be the largest ever issued, was written by a New York company. By the terms of the contract Mrs. Stanford is to pay an annual premium of $170,000 and upon her death $1,000,000 will be paid by the company to the Leland Stanford Jr. University. Should she live ten years and continue her annual payment of premiums the university will receive at her death $2,000,000 instead of $1,000,000.
What sub-type of article is it?
Historical Event
Curiosity
What themes does it cover?
Moral Virtue
Fortune Reversal
What keywords are associated?
Life Insurance
Largest Policy
Leland Stanford
University Endowment
What entities or persons were involved?
Mrs. Leland Stanford
Leland Stanford Jr. University
Where did it happen?
San Francisco
Story Details
Key Persons
Mrs. Leland Stanford
Leland Stanford Jr. University
Location
San Francisco
Event Date
April 10
Story Details
Mrs. Leland Stanford signed a $1,000,000 life insurance policy, the largest ever issued by a New York company, paying $170,000 annual premiums; upon death, $1,000,000 to the university, or $2,000,000 if she lives ten years.