Article image
Article image

MUTUAL lIFE ASSOCIATION OF AUSTRALASIA. Family Trust Policies. Tho object of this new form of Endowment Assurance is to guarantee to the | Member that in the event of his death I before Maturity of the Policy his Widow (or other legatee) shall have no anxiety about Investing its Proceeds, the Association undertaking to pay INTEREST AT THE RATE OF FIVE PER CENT PER ANN UM thereon for 20 years, and then to pay the Sum Assured to the family, or as the Member may have directed by his Will. On the other hand, should the Member survive the period for which the Endowment Assurance was effected, the SUM ASSURED will be paid to him WITH THE ADDITION OF ACCUMULATED BONUSES. EXAMPLE. A man aged 40 next birthday effects a FAMILY TRUST POLICY FOR £20CO. Annual Premium £112 for 20 years only. If he dies witliin 20 years, his Widow or any person to whom he bequeaths the Policy will at once receive an income of £100 a year; the first of Biicn payments beintj receivable immediately the Claim is established, and a similar payment on eieh of the following nineteen anniversaries of the death of the Member. At the expiry of tins SO years the Original Sum (TWO THOUSAND POUNDS) will be paid to the beneficiary. In the event of the Member living and paying premiums for the 20 years after issue of the Policy, he will be entitled to receive THE SUM ASSURED (£2000) IN CASH, WITH ACCUMULATED BONUSES. In the event of the Member being unable or unwilling to continue paymeut of premiums after the first three years, the Policy automatically becomes PAID UP for a proportionate part of the Sum originally Assured, but without participation in profits. It is difficult to imagine how any form of Policy could include more benefits at so comparatively low a rate of premium. Briefly, if the Member lives to realise his Endowment Assurance, he can invest the proceeds- himself ; although the Association will arrange to offer him most favorable terms, it he prefer to leave the amount, or part theieof, with them tor another 10, 15, or 20 years. If he dies, the Association promises an even better INVESTMENT than he could have arranged, coupled with ABSOLUTE SECURITY. ARTHUH B. GIBSON, District Agent. Tennyson Street, Napier. ■.;,',.'--. y v ,:- j - > -~ -■>->--■ V ; >-. ->r<<-\,&< v-«as/HfiSs_T ? ! 5. <$_* iife_iiMmiJMl^ WE ARE THE LEADING * MANUFACTURERS and IMPORTERS OF AGRICULTURAL IMPLEMENTS IN HAWKE'S BAY. Having Extensively Enlarged our Premises, we, as Sole Agents for MESSRS DUNCAN S (Ltd.) FAMOUS FARMING MACHINERY, also the World-renowned McCORMIGKBINDERSandMOWERS, stock Largely of their varied manufactures and duplicates. Of out Own Manufactures we have on handlmplements.Waggons.Drays,Spring Drays, etc., etc. With tae facilities, we have at our command all Orders entrusted to U3 will be Promptly Executed, and Clients can rely on Getting Satisfaction. To those requiring Coach Painting 1 in any of its various branches we have provided a Commodious Paint Shop, under the supervision of a First-ela9S Painter. A TRIAL IS SOLICITED. A. JOKES & SONS, Agricultural Implement Makers, Engineers, Smiths, Wheelwrights, etc., WINNERS OF THE CHAMPION CUP FOR IMPLEMENTS. MARKET AND QUEEN STREETS, HASTINGS. BB_jfl_aßSK__BiE^^ __g_Brmiwrani_Mcia»iiig rails made from the ti El tHI C ™ m™ w"" §6* Finest SGI&CtQd i— —rTwmmaiei_urn rmtmtrau CofToo Carefully Roasted and Ground by tho lateft | irnnroved process, n-nd mixed with such an amount of Superior GWeory as win produce a reaily beautiful and refreshing beverage.

This article text was automatically generated and may include errors. View the full page to see article in its original form.
Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/DTN19000724.2.12.3

Bibliographic details

Daily Telegraph (Napier), Issue 9823, 24 July 1900, Page 3

Word Count
568

Page 3 Advertisements Column 3 Daily Telegraph (Napier), Issue 9823, 24 July 1900, Page 3

Page 3 Advertisements Column 3 Daily Telegraph (Napier), Issue 9823, 24 July 1900, Page 3